Home»Accountancy» Impact of value added tax on revenue generation in Nigeria

Impact of value added tax on revenue generation in Nigeria

 Department: Accountancy  
 By: usericon rainnjazz  

 Project ID: 2575
   Rating:  (5.0) votes: 1
Rate this project
The study aims to assess the impact of value added tax on revenue generation in Nigeria. The population of the study comprised of the entire Federal Inland Revenue services. The data generated from the annual reports and accounts of the FIRS were analyzed using descriptive statistics, correlation, linear regression analysis and simple percentage in which two hypotheses were tested in null form. The result of the analysis was tested at 5% level of significance. The finding of the study shows insignificant relationship exists between value added tax and total revenue generation in Nigeria. Therefore the study recommends that the government, at all level, should make their presence felt by the citizens, through dividends of democracy that citizens enjoy. More stringent penalties should be imposed on individual and corporate bodies that indulge in any form of VAT malpractice, notwithstanding their status. Government should review the VAT Act, to bring it up to date with current economic realities in the world. The exempted items should be reviewed to cover only essential items like foodstuff, education, health and agriculture....
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
»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )
»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )
»The Impact of product development on banks performance ( A Case study of first bank plc )
»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
»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )
»The effects of computerized accounting system on the performance of banking industry in Nigeria
»The impact of development finance institutions (DFIS) in economic development of Nigeria
»Value added tax (VAT) in Nigeria. Merging problems and prospect presented.
»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )
»The role of capital market in a developing economy ( A case study of the Nigeria stock exchange )


Do you have project materials to share? Upload and earn with it.