PROBLEMS AND PROSPECTS OF PERSONAL INCOME TAX IN NIGERIA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 5000
ABSTRACT
This Paper examines the problems associated with the Assessment and Administration of Personal Income Tax on Motorcycle riders in (UMUGUMA) Owerri West LGA Metropolis. The study uses descriptive survey to analyze the data. The paper utilizes the stratified random sampling technique in selecting. Two hundred motorcycle riders were randomly selected.
The main findings of the research are that, tax officials lack adequate training and experience in carrying out their assignment. Similarly, shortage of staff, payment default on Direct Assessment Tax System (DATS), insufficient financial resources available to the tax authority and lack of Political will on the part of Government in enforcing the tax laws were also found to affect the revenue generation drive of the State. The paper recommends that the State Government in conjunction with the tax authority should embark on proper recruitment, training and development of staff, provide good remuneration packages to tax officials, provision of adequate working facilities, and embark on massive enlightenment of the taxpayers on the importance of tax payment. This, it is believed, will enhance the revenue generation of the State, by bringing in hitherto none tax payers into the tax-paying circle. Finally, the paper strongly recommends a form of Personal Income Tax on Motor cycle (Umuguma) riders, as it is a promising Industry that could assist the State in terms of revenue generation.
Related Project Materials
An Investigation of the Burden of Neglected Tropical Diseases in Adamawa State
Background of the Study
Neglected Tropical Diseases (NTDs) are a group of infectious diseases that primarily affect populations in low-in...
Comparative Study of Network Defense Mechanisms in Federal University, Lokoja, Kogi State
Background of the Study
Network security remains a major concern for educational institutions worldwide...
A Study of Film as a Medium for Religious Tolerance Among Religious Leaders: A Case Study of Takum Local Government Area, Taraba State
Chapter One: Introduction
1.1 Background of the Study
Religious intolerance remains a major source of conflict and division in...
IMPACT OF EXCHANGE RATE FLUCTUATION ON VALUE ADDED TAX OF MANUFACTURING INDUSTRY IN NIGERIA
EXCERPT FROM THE STUDY
According To Onuwuchekwa and Suleman (2014) Value Added Tax is a consumption tax (of a good or se...
The Impact of Public Relations on Advocacy for Social Inclusion of People with Disabilities: A Study of Sabon Gari LGA, Kano State
Chapter One: Introduction
THE ROLE OF FUND ACCOUNTANTS IN INVESTMENT MANAGEMENT
Abstract: THE ROLE OF FUND ACCOUNTANTS IN INVESTMENT MANAGEMENT
The objectives of this research are to: (1) analyze the critical function...
The Role of FDI in Enhancing Infrastructure Development: Evidence from Lekki Deep Sea Port, Lagos State
Background of the Study
Foreign Direct Investment (FDI) has been a critical driver of infrastructure development in developing economies....
THE ROLE OF INTERNATIONAL ACCOUNTANTS IN DUE DILIGENCE PROCESSES
ABSTRACT
This study examines THE ROLE OF INTERNATIONAL ACCOUNTANTS IN DUE DILIGENCE PROCESSES, aiming to enhance financial accuracy, comp...
An appraisal of urban renewal programs and housing resettlement in Enugu South Local Government Area, Enugu State
Background of the Study:
Urban renewal programs and housing resettlement initiatives have been pivotal in reshaping the urb...
An examination of asset management innovations on boosting investment returns in banking: a case study of Keystone Bank
Background of the Study
Asset management innovations have become critical in enhancing investment returns in an increasingly competitive...
