VALUE ADDED TAX (VAT) AS A SOURCE OF REVENUE IN NIGERIA, CASE STUDY OF THE FEDERAL INLAND REVENUE SERVICE

VALUE ADDED TAX (VAT) AS A SOURCE OF REVENUE IN NIGERIA, CASE STUDY OF THE FEDERAL INLAND REVENUE SERVICE

ABSTRACT
In partial fulfillment of the requirements for the award of Master of Business Administration (MBA) I have been chosen this topic “VAT as a source of Revenue n Nigeria” to examine how revenue is being generated with particular
reference to the Federal Inland Revenue Service. The researcher has in the course of writing this project attempted to define what revenue and VAT (Value Added Tax) Revenue can be defined as money received as payments, income from all sources, while “VAT is a tax on the supply of goods and services which is eventually borne by the final consumer but collected at each stage of the production and distribution chain”. Revenue has two objectives, and these include raising fun to finance government expenditures and the use of fiscal policy (taxation) to control
inflationary trends. Taxation is used to achieve economic growth, equitable distribution of wealth, encourage and protect industries within the economy and to ensure that the balance of payment of the country is in a healthy position, fight depression, allocate resources in a socially desirable manner, discourage consumption of certain goods, for example, luxurious cars, and goods that are dangerous to health e.g. cigarette control inflation and depression e.t.c.

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

VALUE ADDED TAX (VAT) AS A SOURCE OF REVENUE IN NIGERIA, CASE STUDY OF THE FEDERAL INLAND REVENUE SERVICE