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Impact Of Value Added Tax (Vat) On The Economic Development Of Nigeria:- Ezedende Ikenna U

EZEDENDE IKENNA UCHECHUKWU | 71 pages (13001 words) | Projects
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Accounting

                                                                                        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 is 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 oftax issued by the government, levied on the goods and 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 transparent and has minimum burden on consumers as it is collected in small fragments at various stages of production and distribution process. It is viewed as re latively manageable to administer and very difficult to evade.

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APA

EZEDENDE, U (2024). Impact Of Value Added Tax (Vat) On The Economic Development Of Nigeria:- Ezedende Ikenna U. Mouau.afribary.org: Retrieved Nov 23, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-value-added-tax-vat-on-the-economic-development-of-nigeria-ezedende-ikenna-u-7-2

MLA 8th

UCHECHUKWU, EZEDENDE. "Impact Of Value Added Tax (Vat) On The Economic Development Of Nigeria:- Ezedende Ikenna U" Mouau.afribary.org. Mouau.afribary.org, 21 Aug. 2024, https://repository.mouau.edu.ng/work/view/impact-of-value-added-tax-vat-on-the-economic-development-of-nigeria-ezedende-ikenna-u-7-2. Accessed 23 Nov. 2024.

MLA7

UCHECHUKWU, EZEDENDE. "Impact Of Value Added Tax (Vat) On The Economic Development Of Nigeria:- Ezedende Ikenna U". Mouau.afribary.org, Mouau.afribary.org, 21 Aug. 2024. Web. 23 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-value-added-tax-vat-on-the-economic-development-of-nigeria-ezedende-ikenna-u-7-2 >.

Chicago

UCHECHUKWU, EZEDENDE. "Impact Of Value Added Tax (Vat) On The Economic Development Of Nigeria:- Ezedende Ikenna U" Mouau.afribary.org (2024). Accessed 23 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-value-added-tax-vat-on-the-economic-development-of-nigeria-ezedende-ikenna-u-7-2

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