Impact Of Value Added Tax (Vat) On The Economic Development Of Nigeria

EZEDENDE IKENNA UCHECHUKWU | 72 pages (13180 words) | Projects

ABSTRACT

VAT is a consumption tax imposed at each stage of production in a supply chain. It has been proven to be a good revenue source for developing economies, as well as developed economies. The tax is ultimately paid by the final consumer. The rest of the persons in the supply chain only pass on the tax. It i; a form of in direct tax that is imposed on different goods and services in the basis of value added amount in different stages of production and distribution. It is also a form of tax issued by the government, levied on the goods md services as they pass through the various chains in the production and distribution process. VAT is also a means where by the government generate revenue for the development of infrastructures in the country. In terms of contributions to total federally collected revenue, VAT is transpareilt and has minimum burden on consumers as it is collected in small fragmnts at various stages of production and distribution process. It is viewed as relatively manageable to administer and very difficult to evade.

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APA

EZEDENDE, U (2021). Impact Of Value Added Tax (Vat) On The Economic Development Of Nigeria. Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-value-added-tax-vat-on-the-economic-development-of-nigeria-7-2

MLA 8th

UCHECHUKWU, EZEDENDE. "Impact Of Value Added Tax (Vat) On The Economic Development Of Nigeria" Mouau.afribary.org. Mouau.afribary.org, 01 Dec. 2021, https://repository.mouau.edu.ng/work/view/impact-of-value-added-tax-vat-on-the-economic-development-of-nigeria-7-2. Accessed 31 Oct. 2024.

MLA7

UCHECHUKWU, EZEDENDE. "Impact Of Value Added Tax (Vat) On The Economic Development Of Nigeria". Mouau.afribary.org, Mouau.afribary.org, 01 Dec. 2021. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-value-added-tax-vat-on-the-economic-development-of-nigeria-7-2 >.

Chicago

UCHECHUKWU, EZEDENDE. "Impact Of Value Added Tax (Vat) On The Economic Development Of Nigeria" Mouau.afribary.org (2021). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/impact-of-value-added-tax-vat-on-the-economic-development-of-nigeria-7-2

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