An appraisal of value added tax as a tool for sustainable economic development in Nigeria - case of Federal Inland Revenue Service, Lokoja Department: Accountancy By: AdeleyeJoshua Project ID: 6135 Rating: (5.0) votes: 1Rate this project12345 Price:₦3000 Get the Complete MaterialAbstractThis work is an appraisal of Value Added Tax as a tool for sustainable economic development in Nigeria using Federal Inland Revenue Services, Lokoja as the case study. The major objective of this project is to evaluate if revenues generated through Value Added Tax can be used as a tool for sustainable economic growth and development. The methodology adopted in gathering data was descriptive method, both the primary and secondary methods. The major instrument used to gather data from primary sources is the questionnaire. From a population of 32, a sample size of 30 respondents was selected using simple random technique. Findings revealed that valued added tax has a positive impact on sustainable development and that problems associated with valued added tax have a negative impact on the economy. In view of the findings, it was recommended that all vatable persons in the state be dully registered, registration of all business centers will make the job easier for the VAT office. The officers of Federal Inland Revenue Services of Kogi State must go round the state to enforce the laws and regulations guiding the payment of value added tax (VAT). Government at all levels should use the proceeds from VAT for infrastructural developments, this will further encourage people to pay taxes without complaining....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 )