VALUE ADDED TAX IN NIGERIA: CHALLENGES AND ECONOMIC IMPLICATION
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
The study is to determine the role of the impact of value added tax (VAT) on Nigeria growth and development. The objective of the same are in suitable the effective of VAT as a suitable alternative to sales tax in Nigeria; to identify the methods of collecting value added tax and to identify possible lapses and loopholes in VAT and its application in Nigeria.
The study employs primary and secondary sources of data. The primary source of data was employed to elicit information from the respondent on the concept considered. Based on this information source, survey analysis of inferential methodology using chi-square analysis was adopted as a method of hypotheses testing.
From the analysis of the study, it was found out that value added tax contributes to the growth of Nigerian economy, that value added tax is a good source of revenue generation to the Nigerian economy and that there is proper and adequate accounting records as far as VAT is concerned. The study suggested that monthly and quarterly publication of VAT collections and disbursement in a least one or two national dailies as this will serve as a watchdog and promote accountability which will consequently prevent diversion of public funds. Also the computerization of all level and department of tax must be highly favoured.
Related Project Materials
EFFECTS OF CO-ADMINISTRATION OF PROMETHAZINE AND ARTEMETHER-LUMEFANTRINE IN PLASMODIUM berghei berghei INFECTED MICE
ABSTRACT
Malaria is the 2nd leading cause of death from infectious diseases in Africa, after HIV/AIDS. It is a major public health proble...
AN APPRAISAL OF THE APPLICATION OF THE LAW RELATING TO DOMICILE IN NIGERIA
ABSTRACT
This research project entitled ‘AN APPRAISAL OF THE APPLICATION OF THE LAW RELATING TO DOMICILE IN NIGERIA’, is aime...
AN EXAMINATION OF CULTISM AND ITS EFFECTS ON THE NIGERIAN TERTIARY INSTITUTIONS
Background of the Study
Secret cult violence has occurred in Nigerian higher education institutions dur...
EFFECT OF STRESS ON THE ACADEMIC PERFORMANCE OF SECONDARY SCHOOL STUDENTS
ABSTRACT
The main purpose of this research work was to assess the effects of stress on the academic performance of students...
EFFECTS OF AGGREGATE SIZES ON THE CONCRETE STRENGTH
It is well recognized that coarse aggregate plays an important role in concrete. Coarse aggregate typically occupies over one-third of the volume o...
UNITED NATIONS AND THE CHALLENGES OF PROMOTING GENDER EQUALITY IN NIGERIA
ABSTRACT
Women in Nigeria are faced ...
IMPROVING PRODUCTIVITY AND PROFITABILITY OF SMALLHOLDER SHRIMP AQUACULTURE AND RELATED AGRIBUSINESS IN NIGERIA
ABSTRACT
In this study, our focus was to carryout a critical analysis on the methods of improving...
CORPORATE GOVERNANCE AND ITS IMPACT ON THE MANAGEMENT OF MTN MOBILE COMMUNICATION NIGERIA LTD. KADUNA MAIN BRANCH
Abstract
This research work examine the impact of corporate governance and management of organization a case study of MT...
THE IMPACT OF ENVIRONMENTAL VARIABLES ON SMALL SCALE BUSINESS ENTERPRISE
ABSTRACT
This research investigates the impact of environmental variables on small scale business enterprise....
Teachers’ Perception and Effectiveness of the use of Edu-Driven Apps in Lagos State During Covid-19 Pandemic Era
Abstract
The event of Covid-19 caused unusual opportunities for teachers who are technologically naive in the use of tec...
