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IMPACT OF EXCHANGE RATE FLUCTUATION ON VALUE ADDED TAX OF MANUFACTURING INDUSTRY IN NIGERIA

  • Project Research
  • 1-5 Chapters
  • Quantitative
  • Regression
  • Abstract : Available
  • Table of Content: Available
  • Reference Style: APA
  • Recommended for : Student Researchers
  • NGN 5000

EXCERPT FROM THE STUDY

According To Onuwuchekwa and Suleman (2014) Value Added Tax is a consumption tax (of a good or service) levied at each stage of the consumption (of a good or service) and borne by the final consumer of the product of service. It is a tax levied on sales or commodities at every stage of production. Its defining feature is that it credits taxes paid by the enterprise on their material inputs against the taxes they must levy on their sales. Unlike retail sales tax under which tax is collected only at the point of sales to the final consumer, revenue is collected throughout the production process.




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