ABSTRACT
This study focuses on the Impact of personal
income tax on the Nigeria economy, a study of Abia State. What prompted me to
this research topic are the following problems; Tax evasion and avoidance by
most registered companies and some individuals has however affected the revenue
base of the government especially, in providing essential services in the
society and also the Ineffective and inefficient administration of personal
income tax in Abia State. The main objective of the study is to examine the
extent of Personal Income Tax revenue on total revenue generation in Abia
State. In carrying out the research, data were collected from secondary source,
which was the five years (2010-2014) financial statement of the Board of
Internal Revenue, Abia State. Ex-post facto research design was used. Simple regression
was used for testing the hypothesis. The empirical test showed that; actual
personal income tax revenue does have a significant impact on total revenue
generated and budgeted personal income tax revenue does have a significant
impact on total revenue generated. Thus, it is recommended that Government
should try and appoints capable and worthy hands that can manage and curb the
high level of fraud encountered in tax collection. Finally, government should
try as much as possible to reduce the tax rate in production sectors in order
to improve the local industries.
CHINEDUM, J (2021). Impact Of Personal Income Tax On The Nigeria Economy A Study Of Abia State. . Mouau.afribary.org: Retrieved Nov 02, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-personal-income-tax-on-the-nigeria-economy-a-study-of-abia-state-7-2
JOY, CHINEDUM. "Impact Of Personal Income Tax On The Nigeria Economy A Study Of Abia State. " Mouau.afribary.org. Mouau.afribary.org, 28 Jul. 2021, https://repository.mouau.edu.ng/work/view/impact-of-personal-income-tax-on-the-nigeria-economy-a-study-of-abia-state-7-2. Accessed 02 Nov. 2024.
JOY, CHINEDUM. "Impact Of Personal Income Tax On The Nigeria Economy A Study Of Abia State. ". Mouau.afribary.org, Mouau.afribary.org, 28 Jul. 2021. Web. 02 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-personal-income-tax-on-the-nigeria-economy-a-study-of-abia-state-7-2 >.
JOY, CHINEDUM. "Impact Of Personal Income Tax On The Nigeria Economy A Study Of Abia State. " Mouau.afribary.org (2021). Accessed 02 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-personal-income-tax-on-the-nigeria-economy-a-study-of-abia-state-7-2