ABSTRACT
This study focuses on the effect
value added tax on economic development in Nigeria. Despite the enormous
revenue that flows into the government treasury, there are critics who argue
that the incidence of VA T like other indirect tax is regressive. Data were
collected from secondary sources using an ex-post facto research design. The
data collected were then tabulated and analyzed using the simple regression
analysis. The empirical results showed that the value of Value Added Tax has a
positive significant implication on both economic development, and the Total
Tax Revenue in Nigeria. Conclusively, it should be taken into consideration
that Nigerian's economic growth is not only influenced by Value Added Tax but
by other factors which were also put into consideration in this research, such
factor as, Total Tax Revenue. It is recommended that the management and
administration of Value Added Tax in Nigeria should be done in a manner that it
will not have adverse effect on the economy such as distorting the forces of
demand and supply. Also though Value Added Tax has a positive implication on
the economy, effort should be made to exempt infant industries from Value Added
Tax in order to encourage them to grow. Finally, the revenue generated from
Value Added Tax should be used for infrastructural development of the country
in order to increase the economic growth of the country.
EZE, A (2021). Effect Of Value Added Tax On Economic Growth Of Nigeria. Mouau.afribary.org: Retrieved Nov 27, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-value-added-tax-on-economic-growth-of-nigeria-7-2
AMUCHE, EZE. "Effect Of Value Added Tax On Economic Growth Of Nigeria" Mouau.afribary.org. Mouau.afribary.org, 23 Jul. 2021, https://repository.mouau.edu.ng/work/view/effect-of-value-added-tax-on-economic-growth-of-nigeria-7-2. Accessed 27 Nov. 2024.
AMUCHE, EZE. "Effect Of Value Added Tax On Economic Growth Of Nigeria". Mouau.afribary.org, Mouau.afribary.org, 23 Jul. 2021. Web. 27 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-value-added-tax-on-economic-growth-of-nigeria-7-2 >.
AMUCHE, EZE. "Effect Of Value Added Tax On Economic Growth Of Nigeria" Mouau.afribary.org (2021). Accessed 27 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-value-added-tax-on-economic-growth-of-nigeria-7-2