ABSTRACT

This research work examined the impact of value added tax on revenue generation of Nigeria, chapter one dealt with the introduction, the background of the study, the statement of the problem, hypothesis, objective of the study etc. The objective of the study is to determine the impact of value added tax on revenue generation of Nigeria. However, chapter two dealt with the literature review of different authors, textbooks and related journal were reviewed. The chapter three focus on the research methodology use, the research designed employed was ex post facto research design. Data were sourced from secondary sources. Analyses of data and testing of hypotheses were done through the aid of statistical tools such as tables, and simple regression model. In chapter four, the researcher analyze the data the findings from data analyzed indicates that value added tax has a significant and positive relationship on real gross domestic product growth rate and total tax revenue generation in Nigeria as proxies for Revenue generation. The study how ever revealed that The organizations especially private companies who deal on vatable goods and are expected to withhold these taxes for the government should be encouraged to be openly accountable and responsible in the remittance of such taxes to the government as at when due. The government on its part should account properly for the taxpayers’ funds by utilizing the funds in the provisions of obvious basic amenities and public goods. This sis intended to boost the morale of the citizens and encourage them to trust in the capability of the government to represent them well when entrusted with the funds of the state.