Abstract
Capital
gains tax is a tax charge on gains realized for the scale and exchange ol
capital assets. Capital gains lax serves as indispensible sources of government
fund, equally it ensures the certain parameters are put in place towards
meeting economic and social policies of the country. Il could be recalled that
for years gone by, the capital gains their existence in Nigeria novel attracted
any importance; it was due to insufficient administrative system and other
hindrance that did not allow the tax to prev'ail effectively. In view ol this,
inefficiency of the lax, hypotheses were formulated. Information collected from
secondary sources, primary sources, offices, records, questionnaires were
analysis, and the hypothesis tested, the inleience diaw was that capital gains
lax contributes lo economic growth and revenue generation in Nigeria. Judging
from the data collected, it revealed that the existing tax laws are not
adequate for effective lax assessment and collection. It has also found that
the administration ol the lax in Nigeria has not been effectively carried out
in ensuring that the irregularities is corret ted, capable hands should be
recruited, public enlightenment and dissemination of information must prevail.
NWOKEAFOR, N (2024). Capital Gains Tax As A Tool For Revenue Generation In Nigeria (Problems And Prospects):- Nwokeafor, Precious N. Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/capital-gains-tax-as-a-tool-for-revenue-generation-in-nigeria-problems-and-prospects-nwokeafor-precious-n-7-2
NKECIII, NWOKEAFOR. "Capital Gains Tax As A Tool For Revenue Generation In Nigeria (Problems And Prospects):- Nwokeafor, Precious N" Mouau.afribary.org. Mouau.afribary.org, 13 Aug. 2024, https://repository.mouau.edu.ng/work/view/capital-gains-tax-as-a-tool-for-revenue-generation-in-nigeria-problems-and-prospects-nwokeafor-precious-n-7-2. Accessed 30 Oct. 2024.
NKECIII, NWOKEAFOR. "Capital Gains Tax As A Tool For Revenue Generation In Nigeria (Problems And Prospects):- Nwokeafor, Precious N". Mouau.afribary.org, Mouau.afribary.org, 13 Aug. 2024. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/capital-gains-tax-as-a-tool-for-revenue-generation-in-nigeria-problems-and-prospects-nwokeafor-precious-n-7-2 >.
NKECIII, NWOKEAFOR. "Capital Gains Tax As A Tool For Revenue Generation In Nigeria (Problems And Prospects):- Nwokeafor, Precious N" Mouau.afribary.org (2024). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/capital-gains-tax-as-a-tool-for-revenue-generation-in-nigeria-problems-and-prospects-nwokeafor-precious-n-7-2