ABSTRACT
This research work aims at evaluating the role and significance of the Value Added Tax (VAT) Act in Revenue Generation in Nigeria. This examines the role played by the Value Added Tax as one of the source of government‟s revenue. It also assesses the fact whether it has achieved the essence of its introduction. In this research doctrinal method of research was adopted in discussing the subject matter. This work delved into the legal framework of value added tax in Nigeria. The institutional structures for the administration of Value Added Tax were analysed with the aim to assessing their efficacy in revenue generation. It also took a cursory look at the assessment procedure of Value Added Tax. It was discovered in the course of the research that the law in Nigeria on VAT is faced with the problem of absolute tax practices, whereby taxes overlap, so that a single transaction may be subjected to a series of taxes e.g VAT on imported goods and Excise and Custom duty. The work found out that the punitive measures under the taxing law is not for deterrence but aimed at extinguishing small scale enterprises. The work recommended that the National Assembly should review the punishments in the Value Added Tax Act to accommodate it basic reasons which are reformation and deterrence. The punitive measures should aim at reforming the vatable persons to ensure voluntary tax compliance than pushing them out of the business. This work shall be of immense benefit to students of law, legal practitioners, legislators, academia and judges.
THE ROLE OF STRATEGIC PLANNING IN ADMINISTRATIVE EFFECTIVENESS
Abstract: The objective...
ABSTRACT
Plastic litter negatively affects the environment and human health. Therefore, some countries and states have banned or taxed pl...
ABSTRACT
Higher educational institutions, particularly government owned institutions, in developing countries are described as unconduciv...
ABSTRACT
This study assessed knowledge, attitude, practice and availability of safety measures towards prevention of Healthcare-Associate...
Background to the Study
Political power is sought or maintained through electoral processes. An election is essential t...
Abstract
This research was an attempt to find out the impact of new communication technologies in Nigeria Broadcast medi...
ABSTRACT
The rate at which corruption spread among political leaders in Anambra state has frayed nerves and subjected th...
Abstract
The basic aim of the study is to show the impact of production planning and control on productivity in Nigeria...
ABSTRACT
The study was carried out with the aim of assessing local government as a vehicle for economic development in N...
Abstract
This research work focused on role of radio in propagating culture in Nigeria. The study was limited to K...