ABSTRACT
Many countries of the world today have been striving very hard to achieve rapid overall development through the optimum assessment and tax administration in Nigeria to ensure collection and expanded revenue base. New forms of taxes are selectively being introduced in this Era, particularly by the underdeveloped nations to boast their revenue and incapacity with the aim of improving the socio-economic development of their countries. One of such modern forms of taxation is the VAT introduced in 1993 into the Nigerian tax system as a replacement of sale tax. The purpose of this research is therefore hinged on Problems and Prospects of Value-Added-Tax Administration in the Nigeria by the Federal Board of Inland revenue. The research started with an outline of the research objectives, the review of related literature of the study and hypothesis are formulated with the aim of finding solutions to the research problems identified. The data for the research was obtained largely from primary and secondary sources. The research revealed through the hypothesis tested, that VAT is a significant source of revenue to the government and that it contributes to the development of the country. Consequently, some problems stand in the way of VAT are highlighted, but with an assertion that the future for VAT is after all bright. The research draws a conclusion and advances to recommendations for improving the optimal machinery of VAT to ensure its sustained contribution to the Nigeria economy .
CHAPTER ONE
INTRODUCTION
CHAPTER TWO
LITERATURE REVIEW
AARON, 1 (2020). THE EFFECTS AND ADMINISTRATION OF VALUE ADDED TAX IN THE NIGERIA ECONOMY: A STUDY OF FEDERAL BOARD OF INLAND REVENUE. Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/the-effects-and-administration-of-value-added-tax-in-the-nigeria-economy-a-study-of-federal-board-of-inland-revenue
1345, AARON. "THE EFFECTS AND ADMINISTRATION OF VALUE ADDED TAX IN THE NIGERIA ECONOMY: A STUDY OF FEDERAL BOARD OF INLAND REVENUE" Mouau.afribary.org. Mouau.afribary.org, 25 Mar. 2020, https://repository.mouau.edu.ng/work/view/the-effects-and-administration-of-value-added-tax-in-the-nigeria-economy-a-study-of-federal-board-of-inland-revenue. Accessed 30 Oct. 2024.
1345, AARON. "THE EFFECTS AND ADMINISTRATION OF VALUE ADDED TAX IN THE NIGERIA ECONOMY: A STUDY OF FEDERAL BOARD OF INLAND REVENUE". Mouau.afribary.org, Mouau.afribary.org, 25 Mar. 2020. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/the-effects-and-administration-of-value-added-tax-in-the-nigeria-economy-a-study-of-federal-board-of-inland-revenue >.
1345, AARON. "THE EFFECTS AND ADMINISTRATION OF VALUE ADDED TAX IN THE NIGERIA ECONOMY: A STUDY OF FEDERAL BOARD OF INLAND REVENUE" Mouau.afribary.org (2020). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/the-effects-and-administration-of-value-added-tax-in-the-nigeria-economy-a-study-of-federal-board-of-inland-revenue