Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Financial Literacy

What is B.O.J (Best of Judgement Assessment) in Nigerian Tax?

Nairametrics by Nairametrics
March 14, 2012
in Financial Literacy, MSME
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Nigeria’s tax system may create social problems for government – Taiwo Oyedele

Joint Tax Board to go after political office holders evading tax

A B.O.J otherwise known as a Best of Judgement Assessment is a tax assessment procedure conducted by Tax Authorities on the accounts of a company. It is usually done where the tax payer does not provide any Audited Accounts or Statement of Net-worth if it is an individual. It can also be conducted if the Tax Authorities have reasons to believe the accounts presented by the tax payer is not sufficient enough to assess their tax liability. That way companies who are fond of under declaring profits can by law be further assessed by the tax authorities and if found wanting will be expected to pay more tax than previously thought.

Most people consider B.O.J as a punitive measure because it often times result in a higher tax liability for the tax payer. To avoid B.O.J’s it is advisable to prepare your accounts with the utmost clarity and fairness. Submission of your accounts on time also helps avoids incidence of a B.O.J.

Related

Tags: Capital Gains TaxFinancial TurotialsPAYESMETAXValue Added TaxWithholding Tax

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Buhari congratulates William Ruto, Kenya’s president-elect, says both nations are partners in fight against terrorism
    • Nearly 67,000 investors lose everything as Bitcoin drops below $24K
    • FG’s implementation of Digital Switch-Over to prohibit Startimes, GoTV, Channels, others from self-carriage of signals

    Follow us on social media:

    Recent News

    Buhari congratulates William Ruto, Kenya’s president-elect, says both nations are partners in fight against terrorism

    Buhari congratulates William Ruto, Kenya’s president-elect, says both nations are partners in fight against terrorism

    August 16, 2022
    bitcoin trading

    Nearly 67,000 investors lose everything as Bitcoin drops below $24K

    August 16, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com