Abstract: THE CHALLENGES OF VALUE-ADDED TAX (VAT) COMPLIANCE AND REPORTING IN RETAIL BUSINESSES
This research explores the challenges of Value-Added Tax (VAT) compliance and reporting in retail businesses in Abuja. The study aims to identify the key compliance challenges, assess the impact of VAT reporting on business operations, and propose solutions to improve compliance rates. A survey design was employed, targeting 350 retail business owners, calculated using Taro Yamane's formula. A detailed case study of a major retail chain in Abuja was conducted to contextualize findings. The reliability coefficient score was 0.88, confirming the survey's consistency. Results indicate that the primary challenges include the complexity of VAT laws, the high cost of compliance, and the lack of adequate support from tax authorities. It is recommended that tax authorities simplify VAT laws, provide more support and training for businesses, and consider reducing compliance costs to encourage better adherence to VAT regulations.
ABSTRACT.
The design and construction of temporary military structures, built to house personnel in theater, have changed little since Wo...
Abstract: THE ROLE OF TAX ACCOUNTING IN TRANSFER PRICING DOCUMENTATION
This study examines the role of tax accounting in transfer pricing...
Abstract: AN ASSESSMENT OF THE PREDOMINANT METHOD BETWEEN VARIABLE COSTING VERSUS ABSORPTION COSTING TECHNIQUES IN REAL ESTATE
This resea...
ABSTRACT
Differing is inevitable among people, because of individual natural differences regarding thinking, understanding, power of assi...
Abstract
This study examined the socio – economic and technological system of modern business and how they affect...
PUBLIC SECTOR FINANCIAL REPORTING STANDARDS AND THEIR APPLICATION IN LOCAL GOVERNMENT AREAS
The objectives of this resea...
Background of the Study
Insecurity has become a pervasive issue affecting various sectors globally, wit...
Abstract
Amongst inputs for production, human capital or resources is the most important asset; This is because other i...
ABSTRACT
This COMPARATIVE STUDY OF IFRS AND GAAP aims to understand the differences between these accounting standards, evaluate their im...
ABSTRACT
This work on ”Possible effects of Electromagnetic Fields (EMF), Radio Frequency Fields (RF) and Microwave...