IMPACT OF VALUE ADDED TAX ON GOVERNMENT REVENUE IN NIGERIA A CASE STUDY OF FEDERAL INLAND REVENUE SERVICE, ABUJA
Abstract
ABSTRACT
This study examines The effect of Value Added Tax on economic development of Federal Capital Territory, Abuja. The researcher made use of a population of Sixty (60) staff and Taro Yamane Formula was used to deduce a sample size and questionnaire were administered to the respondent. All the 52 copies of the questionnaire were filled but 40 were returned. Simple Table and Percentages were used to analyze the data collected through the questionnaire. It was discovered that imposition of VAT has improved the existing businesses and industries in Nigeria. Value Added Tax have positive impact on gross domestic product in Nigeria. The researcher recommended that government should adequately make provision for collection of VAT from companies and other agents. There should be functional VAT offices in every council area to coordinate a vigorous campaign to educate people and seek their cooperation. This will no doubt erode the negative attitude that some of the collectors have developed towards VAT.
Full-Text Access Notice
In accordance with the NERD Policy on promoting peer-reviewed publication, public access to the full text of a project, thesis or dissertation is restricted for three years, allowing the author and supervisors sufficient time to pursue peer-reviewed publication.
During this period, researchers with legitimate academic or research purposes may request authorisation directly from the author to enable NERD to release the indexed full texts of the work using the form below.