Tax collection strategy in Lagos State Department: Accountancy By: jerrison Project ID: 2444 Rating: (3.1) votes: 16Rate this project12345 Price:₦5000 Get the Complete MaterialAbstractThis study aimed at investigating the tax collection strategy in Lagos state. It formulated the following objectives: To identify the available strategies for tax collection in Lagos state, to determine the most effective strategies for tax collection in Lagos state to explore the challenges facing tax collection in Lagos state. To support this study a review of related literature was made. The study employed a survey design. The population of the study covered 500 employees of the Lagos state board of internal revenue Alausa, Ikeja Lagos state. A sample size of 83 staff was selected, using the Taro Yamen formula. The research instrument adopted was the use of a structured questionnaire however only 73 were responded to and was analyzed using the descriptive analysis. The result revealed that in Lagos state, there are 14 (fourteen) tax collection strategies,12 (twelve) effective strategies and 13 (thirteen) challenges facing tax collection in Lagos state furthermore, it observed that tax enlightenment and educational program and Jehovah witness approach has the highest percentage of 16.44% each which makes them more common amongst other strategies, it observed that tax farming and Jehovah witness approach which has the highest percentage of 16.44% each are the most effective strategies amongst other strategies, it also observed that lack of taxpayers education with the highest percentage of 16.44% as a challenge facing tax collection in Lagos state....Preview Download Preview +Other Accountancy project topics and materials you might be interested in»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu) »The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )»Internal control as a tool for improving profitability»The role of financial institutions in the development of Nigeria economy»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )»The Impact of product development on banks performance ( A Case study of first bank plc )»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state) »The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )»Auditing in Nigeria companies, problems and prospects»The effects of computerized accounting system on the performance of banking industry in Nigeria»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )»Effect of misrepresentation of information in a financial statement»The impact of development finance institutions (DFIS) in economic development of Nigeria»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )