TAX REMITTANCE AND FILING: WHEN IS COMPLIANCE ACTUALLY COMPLETE? By Jennifer Ezediaro, Moshope Shehu, Abimbola Oyebowale

There is a common saying that the only thing certain in life are death and taxes. For the purpose of this piece, we would narrow down on the taxes bit. Taxes are always seen as burden to taxpayers and most individuals seek for various means to reduce their tax liabilities. The focus of this piece is to address some misconceptions that exist on the question of when tax compliance can actually be said to be complete. A lot of taxpayers believe once they make the relevant payment of their taxes then compliance is complete. They would rather not have any further interaction with the Relevant Tax Authority/ States’ Internal Revenue Service (SIRS).

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