ABSTRACT
The study focuses on the Effect of
indirect tax on revenue generation in Nigeria, The core function of taxation as
a revenue generating tool in developing countries has been studied by eminent
scholars. Several taxes and levies are collected in Nigeria in order to boost
the revenue available to the government. The study aimed to examine the effect
of Indirect tax on revenue generation in Nigeria, specifically, to examine the
effect of Value Added Tax on Revenue generation in Nigeria, determine the
effect of Petroleum profit Tax on Revenue generation in Nigeria, and to
ascertain the effect of Custom and excise duties on Revenue generation in
Nigeria. Secondary data from the Central Bank of Nigeria statistical bulletin was
used for the study also, The study employed the use of descriptive statistics
to summarize the data gotten from the study. From the study the regression
result between 'VAT, PPT, CED and TR. shows that there is a deviation of the
sample examined and the total population by 12.2%. also, there was a
significant change of 0.034 with a variation of change at 47.5% indicate that
the set of independent variable was as a whole contributing to the variance in
the dependent. In determining the relationship between VAT, PPT, CED and TR the
study revealed that when the independent variables are held stationary; the TR
variable is estimated at 2.454. This simply implies that when the VAT,PPT and
CED variables are held constant, there will be an increase in the TR of Nigeria
up to the tune of 2.454 units occasioned by factors not incorporated in this
model. From the study the first specific objective revealed that Value added
tax has no significant effect on revenue generation in Nigeria, the second
specific objective showed that petroleum profit tax has a significant effect on
revenue generation in Nigeria, while the third specific objective reveled that
CED had no significant effect on revenue generation in Nigeria.
OKOCHI, E (2021). Effect Of Indirect Tax On Revenue Generation In Nigeria. Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-indirect-tax-on-revenue-generation-in-nigeria-7-2
ELVIS, OKOCHI. "Effect Of Indirect Tax On Revenue Generation In Nigeria" Mouau.afribary.org. Mouau.afribary.org, 02 Jul. 2021, https://repository.mouau.edu.ng/work/view/effect-of-indirect-tax-on-revenue-generation-in-nigeria-7-2. Accessed 01 Nov. 2024.
ELVIS, OKOCHI. "Effect Of Indirect Tax On Revenue Generation In Nigeria". Mouau.afribary.org, Mouau.afribary.org, 02 Jul. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-indirect-tax-on-revenue-generation-in-nigeria-7-2 >.
ELVIS, OKOCHI. "Effect Of Indirect Tax On Revenue Generation In Nigeria" Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-indirect-tax-on-revenue-generation-in-nigeria-7-2