Companies Income Tax Collection in Nigeria Problems and Prospects (A Study of Federal Inland Revenue Service, Umuahia Abia State ):- Oguejiofor, Amarachi J

81 pages (14998 words) | Projects

ABSTRACT

lt has been observed lhal Coinpan) Income l ax collection machinery has been problematic resulting in low revenue generation from lax. This research work was carried out to investigate the problems and prospects of Company's Income Tax collection in Nigeria w ith particular reference to federal Inland Revenue Service. Umuahia. Abia Stale. Various literature containing information and studies in the area of company Income Tax collection was reviewed with reference to the fact that the researcher used questionnaire, interview and observation, and also relevant lecture notes, textbooks etc. simple percentages was used in anal)sizing research questions, simple regression in analyzing the secondary data. ANOVA in testing hypothesis. 1 he research put together the problems and prospects of Company Income fax Collection in Nigeria into two hypotheses, personal interviews were conducted. questionnaire were also distributed and returned with answers. The population for this slud) embodied 32 of the staff of Federal Inland Revenue service. Umuahia. It was found out lhal adequate tax laws enhance the collection of companies Income lax in Nigeria. It was finally concluded lhal companies income tax has no significant impact to revenue generation. Recommendations, made included that tax laws should be clear and not ambiguous and lax evasion and lax avoidance reduces revenue generation, efficient and effective management information system should be installed.

Overall Rating

0.0

5 Star
(0)
4 Star
(0)
3 Star
(0)
2 Star
(0)
1 Star
(0)
APA

-- (2024). Companies Income Tax Collection in Nigeria Problems and Prospects (A Study of Federal Inland Revenue Service, Umuahia Abia State ):- Oguejiofor, Amarachi J. Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/companies-income-tax-collection-in-nigeria-problems-and-prospects-a-study-of-federal-inland-revenue-service-umuahia-abia-state-oguejiofor-amarachi-j-7-2

MLA 8th

--. "Companies Income Tax Collection in Nigeria Problems and Prospects (A Study of Federal Inland Revenue Service, Umuahia Abia State ):- Oguejiofor, Amarachi J" Mouau.afribary.org. Mouau.afribary.org, 13 Aug. 2024, https://repository.mouau.edu.ng/work/view/companies-income-tax-collection-in-nigeria-problems-and-prospects-a-study-of-federal-inland-revenue-service-umuahia-abia-state-oguejiofor-amarachi-j-7-2. Accessed 30 Oct. 2024.

MLA7

--. "Companies Income Tax Collection in Nigeria Problems and Prospects (A Study of Federal Inland Revenue Service, Umuahia Abia State ):- Oguejiofor, Amarachi J". Mouau.afribary.org, Mouau.afribary.org, 13 Aug. 2024. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/companies-income-tax-collection-in-nigeria-problems-and-prospects-a-study-of-federal-inland-revenue-service-umuahia-abia-state-oguejiofor-amarachi-j-7-2 >.

Chicago

--. "Companies Income Tax Collection in Nigeria Problems and Prospects (A Study of Federal Inland Revenue Service, Umuahia Abia State ):- Oguejiofor, Amarachi J" Mouau.afribary.org (2024). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/companies-income-tax-collection-in-nigeria-problems-and-prospects-a-study-of-federal-inland-revenue-service-umuahia-abia-state-oguejiofor-amarachi-j-7-2

Related Works
Please wait...