An Evaluation of the Tax Audit Process in Nigeria: A Study of the FIRS Lagos Office
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style:
- Recommended for :
- NGN 5000
Background of the Study
Tax audits are essential for ensuring compliance and detecting evasion in tax administration. In Nigeria, the Federal Inland Revenue Service (FIRS) conducts audits to verify taxpayer declarations, assess liabilities, and recover evaded taxes. However, the tax audit process is often criticized for inefficiencies, lack of transparency, and delays that discourage voluntary compliance (Chukwu & Nwachukwu, 2024).
The FIRS Lagos Office plays a pivotal role in revenue collection given Lagos’ status as Nigeria’s commercial hub. Despite significant contributions to national revenue, the tax audit process in Lagos is hampered by challenges such as inadequate manpower, outdated auditing tools, and taxpayer resistance. This study evaluates the effectiveness of the tax audit process in Nigeria, focusing on the FIRS Lagos Office.
Statement of the Problem
Inefficiencies in Nigeria’s tax audit process have led to revenue leakages and poor compliance rates. Audits are often delayed due to manual procedures, resource constraints, and lack of proper coordination between taxpayers and auditors. Furthermore, disputes arising from audit outcomes create additional bottlenecks, eroding taxpayer trust and compliance (Okeke & Lawal, 2023).
While previous studies highlight the importance of tax audits, few have analyzed their practical challenges in Nigeria’s context. This study addresses this gap by evaluating the tax audit process in the FIRS Lagos Office, focusing on its challenges and opportunities for improvement.
Objectives of the Study
- To analyze the effectiveness of the tax audit process in the FIRS Lagos Office.
- To identify challenges affecting the tax audit process in Lagos.
- To propose strategies for improving the tax audit process in Nigeria.
Research Questions
- How effective is the tax audit process in the FIRS Lagos Office?
- What challenges affect the tax audit process in Lagos?
- What strategies can enhance the efficiency of tax audits in Nigeria?
Research Hypotheses
- H₀: The tax audit process in the FIRS Lagos Office is not effective.
- H₀: Challenges in the tax audit process do not significantly affect its efficiency.
- H₀: Proposed strategies will not significantly improve tax audits in Nigeria.
Scope and Limitations of the Study
This study focuses on tax audits conducted by the FIRS Lagos Office between 2023 and 2025. The scope excludes audits conducted by state tax agencies. Limitations include restricted access to internal audit reports and reliance on interviews for data collection.
Definitions of Terms
- Tax Audit: The examination of tax returns to ensure accuracy and compliance with tax laws.
- FIRS: The Federal Inland Revenue Service, responsible for tax administration in Nigeria.
- Audit Process: The steps involved in reviewing and assessing taxpayer compliance.
Related Project Materials
THE IMPACT OF ONLINE VALUE ADDED TAX ON E-COMMERCE IN NIGERIA
ABSTRACT
This study was carried out to examine the impact of online Value Added Tax on e-commerce i...
An Evaluation of Nurses' Knowledge and Adherence to Isolation Precautions for Communicable Diseases at Lagos State University Teaching Hospital
Background of the Study
Isolation precautions are critical infection control measures used to prevent the transmission o...
An Evaluation of Financial Management Practices in Nigerian SMEs: A Case Study of Manufacturing Firms in Lagos State
Background of the Study
Financial management is a critical component for the survival and growth of small and medium-siz...
An investigation of credit risk management practices on loan portfolio quality in banking: a case study of First City Monument Bank
Background of the Study
Credit risk management is fundamental to maintaining a healthy loan portfolio in the banking sector. First City M...
THE EFFECT OF STRATEGIC COMMUNICATION AND PUBLIC RELATIONS IN MANAGEMENT OF HOTELS
ABSTRACT
This research study is an effort in line with the...
The impact of religious education on students’ willingness to obey school rules in Kano Municipal LGA, Kano State.
Background of the Study:
Religious education plays a central role in shaping the moral and ethical frameworks of students, particularly i...
The impact of continuing education on technological adoption among small-scale entrepreneurs in Kano Municipal Local Government Area, Kano State
Background of the study
Continuing education has emerged as a critical factor in driving technological adoption among smal...
The Role of Political Advertising in Encouraging Women’s Participation in Leadership in Igabi LGA, Kaduna State
Background of the Study
Political advertising has become a powerful tool in shaping public opinion and influencing electora...
An investigation of the impact of open access publishing on citation impact of researchers in Benue State University, Makurdi, Benue State
Background of the Study
Open access publishing has garnered considerable attention in recent years for its potential to inc...
Quantitative Analysis of the Relationship Between IFRS Compliance and Board Diversity in Nigeria
Background of the Study
Board diversity refers to the inclusion of individuals from varied backgrounds, such as gender, ethnicity, profes...
