An Appraisal of Value Added Tax as a Source of Revenue to Governments

An Appraisal of Value Added Tax as a Source of Revenue to Governments

 

ABSTRACT
The government of any Nation has among its duties Maintain of law, and order; Provision of necessary infrastructure such as Electricity, Education and health facilities. For the government to discharge these duties effectively, it needs fund which it derives from public expenditures. One of the major aveneus to derivation of this fund is Taxation. More often than not, this avenues of fund derivation are inadequate and insufficient to cover the needed government expenditures. As result, the need for an additional means widening the avenues of derivation Revenue via Taxation to meet government expenditures arose. Consequently, a study group was inaugurated to review taxation in Nigeria (1991) hence the introduction of Value Added Tax (VAT) as an additional source of revenue to the
government. The major objective of this study is to among other things examine; The of Value Added Tax (VAT) as an additional source of revenue to the Federal Government. Analysing the existing collection Strategies of VAT administration with a view to improvement inorder to hinge the pitfalls of VAT avoidance and evasion.
And review any other thing related to VAT Administration to improve efficiency and effectiveness.
Accordingly, in detailed analysis of the data collected was carried out and a lot of findings regarding performance and problems of the strategies was made. Suggestions and recommendations for more effective and reliable strategies for VAT Administration and Collection were made for governmental consideration.

TABLE OF CONTENT

Title page- – – – – – – – – i
Approval page – – – – – – – -ii
Dedication – – – – – – – – -iii
Acknowledgement – – – – – – – -iv
Abstract – – – – – – – – – -v
Table of content – – – – – – – -vi

CHAPTER ONE
INTRODUCTION – – – – – – – -1
1.0 Background of the study – – – – -1
1.1 Statement of the problem – – – – -5
1.2 Purpose of the study – – – – – -6
1.3 Significance of the study – – – – -8
1.4 Research questions – – – – – -9
1.5 Scope of the study – – – – – – -10

CHAPTER TWO

LITERATURE REVIEW – – – – – – -11

CHAPTER THREE

Research methodology – – – – – – -39
Design of study – – – – – – – -40

CHAPTER FOUR

Presentation, analysis and interpretation of data – -48

CHAPTER FIVE

Summary of findings – – – – – – -60
Conclusion – – – – – – – – -61
Recommendations – – – – – – – -62
Suggestions for further research – – – – -64
References – – – – – – – – -65
Appendix I – – – – — – – – -68
Questionnaire. – – – – – – – -69

An Appraisal of Value Added Tax as a Source of Revenue to Governments

Sharing is caring!