ABSTRACT

The study investigated on the Effect of value-added tax on the performance of economic indices. The objectives of the study are; to examine the effect of value-added tax on gross domestic product of Nigeria, to determine the effect of valueaddedtaxoninflationrateofNigeriaandto examine the effect of value added tax on unemploymentrateofNigeria.To achieve the objectives of the study, the export factor research design was adopted. Theresearcheradoptedsecondarydata in getting the required information. In testing the hypotheses, simple regression analysis was used. The findings revealed that Valueaddedtax has a significant effect on gross domestic product of Nigeria.Thefindingsfurtherrevealedthatvalueaddedtaxhasasignificanteffecton the inflation rate of Nigeria.The researcher recommends that the management and administration of VAT in Nigeria should be done in a manner that it will not have an adverse effect on the economy such as distorting the forces of demand and supply: The researcher further recommends that though VAThasapositive impact on the economy.effort should be made to exempt infant industries from VAT in order to encourage them to grow.

TABLE OFCONTENTS 

Declaration11

Certification111

DedicationIV 

Acknowledgementv

 TableofcontentsVl 

List ofTables  -Vll

 AbstractVlll 

SECTION ONE

INTRODUCTION

1.1Background of the study

1.2        Statement ofProblems6

1.3         Objective oftheStudy7

1.4    Research Questions7

1.5Research Hypothesis                                                                                                              7

1.6      ScopeoftheStudy8

1.7      Limitation of the study                                                                                                       8

1.8         DefinitionofTerms    -                                                                                                                       9

SECTION TWO

LITERATUREREVIEW

2.1Conceptual framework

2.1.1Value added tax administration in Nigeria.                                                               

2.1.2  Value added tax and economic indices inNigeria.13

2.1.3  Features of good value addedtaxsystem.13

2.2     TheoreticalReview14

2.2.1Development  of the Nigeria tax system                                                                         14

2.2.2   Theimposition ofVatinNigeria                                                                                       16

2.2.3VATRecords andAccounts                                                                                                  18

2.3Empirical  Review                                                                                                                20

2.3.1Classificationofgoods and service  covered byVAT-21

2.3.2 NahireofVAT-22

2.3.3The AdministrationandenforcementofVAT  inNigeria    -                                    22

2.3.4Problems ofVAT                                                                                                                   23

2.4    Summary ofReview27

SECTION THREE

RESEARCH METHODOLOGY

3.1     Research Design29

CHAPTER FOUR

DATA PRESENTATION,  ANALYSIS AND DISCUSSION

4.1Datapresentation                                                                                                                  32

4.2   DataAnalysis-                                                                                                                                                    

4.3    TestofHypothesis37

4.4   Discussionoffindings                                                                                                         38

CHAPTER  FIVE

SUMMARY  OFFINDINGS, CONCLUSION   AND RECOMMENDATION

5.1 Summary of findings  - 39

5.2 Conclusion

5.3 Recommendation

REFERENCES