Implications of Taxation of Educational Activities on Educational Development in Nigeria

This study examined the implications of taxation of educational activities on educational development in Nigeria. Taxation of income of individuals and corporate organizations would remain a veritable source of revenue for provision of public goods for common good. There has been persistent debate as to whether income from educational activities should be subjected to tax. Secondary data were used to realize the objective of our study. The study concludes that while tax exemption for educational institutions can boost educational development, the onus of proof of whether an educational institution is tax exempt lies with the claimant (the owner). It is recommended, among other things, that descendible line be drawn between educational activities exempted from tax and profits from trade or business to enable the relevant tax authorities collect taxes from the aspect that has to do with trade or business