Understanding Sustainable Modern Tax Compliance Approach to Prevent Sanctions From Tax Authorities in Nigeria

Abstract

This article can help international business in development country like Nigeria to build trust and demonstrate their commitment to sustainability and social responsibility. The tax is not a compliance only but the context of the environmental, and social indicator of how a business views its role in society and its business commitment to its purposes. Building trust in modern tax compliance, it is part of a large movement to better align corporate world with the societies in which they operate and the citizens whom they serve. In Nigeria, tax evasion has been a practice since the beginning of taxation, and it is also a worldwide phenomenon. The social change implication includes improved infrastructural development and increased employment opportunities resulting from increased tax revenue collection from manufacturing companies, reduction of the rate of failure for companies as a result of tax sanctions.