ABSTRACT
Value added tax (VAT) which has been in existence since 1994
in Nigeria was seen by many as a fiscal poi icy that may not succeed. On the
contrary, this notion was proven wrong by success of the federal hoard of
Inland Revenue service in the administration of VAT. The main objective of this
study is to examine tile contribution of Value Added Tax in Nigeria. File
specific objective is to determine impact of Value Added tax on GDP. The study
adopted descriptive research design. Both primary and secondary data was
collected. Tile primary data was collected through the use of questionnaire and
information about tile secondary data was obtained from statistical bulletin.
The population of tills study comprised the entire stall of FIRS lmo state revenue
unit. Random sampling design was used to select respondents for this study. A total
of forty (40) questionnaires were administered. The survey findings reveal that
tax administration and collection is far between expectations due to lukewarm
attitude of tile government. It was also found that Value Added Tax has a
significant contribution on revenue on generation ill Nigeria. On a final note,
the study of Value added tax in Nigeria can be said to be a success. In view of
the studies carried out which enable us establish tile relevant of the
contribution of vale Added Tax as a source of government revenue, it is
pertinent that I make some recommendations that will help government consolidate
on the effort so far. and to make it even mare effective in contribution of
Value added Tax system in Nigeria. Finally, the work treated die contribution
of VAT to government revenue and tile expectation of government towards
increased revenue from VAT.
VUNUS, A (2021). Management And Contribution Of Value Added Tax In Nigeria (A Study Of Firs In Imo State). Mouau.afribary.org: Retrieved Nov 28, 2024, from https://repository.mouau.edu.ng/work/view/management-and-contribution-of-value-added-tax-in-nigeria-a-study-of-firs-in-imo-state-7-2
AKINDELE, VUNUS. "Management And Contribution Of Value Added Tax In Nigeria (A Study Of Firs In Imo State)" Mouau.afribary.org. Mouau.afribary.org, 16 Sep. 2021, https://repository.mouau.edu.ng/work/view/management-and-contribution-of-value-added-tax-in-nigeria-a-study-of-firs-in-imo-state-7-2. Accessed 28 Nov. 2024.
AKINDELE, VUNUS. "Management And Contribution Of Value Added Tax In Nigeria (A Study Of Firs In Imo State)". Mouau.afribary.org, Mouau.afribary.org, 16 Sep. 2021. Web. 28 Nov. 2024. < https://repository.mouau.edu.ng/work/view/management-and-contribution-of-value-added-tax-in-nigeria-a-study-of-firs-in-imo-state-7-2 >.
AKINDELE, VUNUS. "Management And Contribution Of Value Added Tax In Nigeria (A Study Of Firs In Imo State)" Mouau.afribary.org (2021). Accessed 28 Nov. 2024. https://repository.mouau.edu.ng/work/view/management-and-contribution-of-value-added-tax-in-nigeria-a-study-of-firs-in-imo-state-7-2