Digital Payment Systems' Influence on Tax Collection in Ilorin East LGA
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Background of the Study
Digital payment systems are increasingly being adopted by governments around the world to enhance tax collection and improve the efficiency of the tax system. In Ilorin East LGA, the introduction of digital payment systems aims to provide taxpayers with a convenient and secure method of paying their taxes. These systems are expected to reduce the risks of fraud, improve record-keeping, and increase the rate of timely tax payments. Despite the benefits, there is limited research on how digital payment systems influence tax collection in Ilorin East LGA.
This study aims to evaluate the role of digital payment systems in improving tax collection in the region, focusing on the ease of use, accessibility, and the impact on tax compliance.
Statement of the Problem
Although digital payment systems are being implemented in Ilorin East LGA, there is little understanding of their influence on tax collection. The effectiveness of these systems in improving tax compliance and revenue generation is still unclear.
Aim and Objectives of the Study
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To evaluate the influence of digital payment systems on tax collection in Ilorin East LGA.
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To assess the level of adoption and usage of digital payment systems by taxpayers.
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To identify challenges associated with the use of digital payment systems in tax collection.
Research Questions
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How do digital payment systems influence tax collection in Ilorin East LGA?
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What is the level of adoption and usage of digital payment systems among taxpayers?
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What challenges do taxpayers and tax authorities face in using digital payment systems?
Research Hypotheses
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Digital payment systems significantly improve tax collection efficiency in Ilorin East LGA.
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The level of adoption of digital payment systems significantly influences tax collection.
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Challenges such as technical issues significantly hinder the effectiveness of digital payment systems in tax collection.
Significance of the Study
This study will help determine how digital payment systems can enhance tax collection in Ilorin East LGA, providing insights for policy makers to optimize tax administration and improve revenue generation.
Scope and Limitation of the Study
The study focuses on digital payment systems and their influence on tax collection in Ilorin East LGA. Limitations include the potential for incomplete data from taxpayers and challenges related to data accuracy in digital payments.
Definition of Terms
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Digital Payment System: A method of paying taxes electronically using platforms such as bank transfers, mobile money, and online payment portals.
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Tax Collection: The process of collecting taxes from individuals and businesses to fund public services.
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Local Government Area (LGA): A government division responsible for local administration and services, including tax collection.
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