Taxation is a compulsory levy impose on a subject or upon his property by the government to provide security, social amenities and other public goods for the well-being of the society (Ican Study pack 2009). The main purpose of taxation is to raise fund to defray the expenses incurred for the common interest of the country without reference to special benefit conferred. A good tax system therefore, will generate revenue for the government, help in shaping and directing economic activities, redistribute financial resources and using the income generated to finance social welfare.