ABSTRACT
Capital
gain tax (CCjT) is aform oftax chargeable on capital gains arisingfrom the
disposal ofchargeable assets. This implies that anybody that generates
incomefrom lhe disposal ofchargeable assets pays taxes known as capital gains
tax. In Nigeria capital gains tax administration aims and tries to tax each
company in the state more effectively in order to generate revenue. The study
analysed the effect of capital gains tax on the economic growth ofNigeria (1999
2018). In Nigeria, to tackle the problem of high incidence oftax evasion and
avoidance by laxpayers by examining the extent to which capital gains tax
affect gross domestic product and gross national product. Secondary data was
used and it was sourcedfrom CBNstatistical Bulletin. The data coveredfrom 1999
2018. The economic tool used was simple regression analysis, TTom the results,
it was found that capital gain tax has significant effect on gross domestic
product ofNigeria and capital gain tax has significant effect on gross
nationalproduct ofNigeria. Based on thefindings, it was recommended that there
is need to capture more taxable items into the data base of the nation so as to
enable the government have an effect and efficient data base that will enhance
more capital gain taxes tofurther improve economic growth in Nigeria. Also
government should enact policies (such as the maximum timefor collection of all
taxes) so to ensure adequate collections of taxation and government should
embarked on massive awareness and sensitization on the importance oftaxation to
the populace.
OFFOR, C (2024). Effect Of Capital (Gains Tax On Economic Growth Of Nigeria (1999-2018):- Offor Jacinta C. Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-capital-gains-tax-on-economic-growth-of-nigeria-1999-2018-offor-jacinta-c-7-2
CHIMUANYA, OFFOR. "Effect Of Capital (Gains Tax On Economic Growth Of Nigeria (1999-2018):- Offor Jacinta C" Mouau.afribary.org. Mouau.afribary.org, 05 Jul. 2024, https://repository.mouau.edu.ng/work/view/effect-of-capital-gains-tax-on-economic-growth-of-nigeria-1999-2018-offor-jacinta-c-7-2. Accessed 30 Oct. 2024.
CHIMUANYA, OFFOR. "Effect Of Capital (Gains Tax On Economic Growth Of Nigeria (1999-2018):- Offor Jacinta C". Mouau.afribary.org, Mouau.afribary.org, 05 Jul. 2024. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-capital-gains-tax-on-economic-growth-of-nigeria-1999-2018-offor-jacinta-c-7-2 >.
CHIMUANYA, OFFOR. "Effect Of Capital (Gains Tax On Economic Growth Of Nigeria (1999-2018):- Offor Jacinta C" Mouau.afribary.org (2024). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/effect-of-capital-gains-tax-on-economic-growth-of-nigeria-1999-2018-offor-jacinta-c-7-2