ABSTRACT
The study focused
attention oil (VAT) being collected arid accounted lhr by the I 'edera I nlaiid
Revenue Service (II RS) and aimed at contributing to the means of' increasi ig
the annual generation of revenue in Nigeria, Value Added Tax (VAT) was inirodiced
to replace sales tax. It is however, based on the general consumption pattern
of the populace, hence a higher yield to boost the revenue of the government
(stale in particular) without much resistance and antagonistic behaviour from
the tax payers (final consumer). In fact, Some consumers may not know when they
pay such lax, So, it may not be an exaggeration to say that VAT is horn as a
"child of necessity" and the outcome of this research will justify,
condemn or even suggest a modified incidence of VAT in Nigeria as regards its
revenue generation. However, in is study, collect ion of data were from primary
and secondary sources with the former being from Federal Inland Revenue Service
(FIRS) Urnuahia, Ahia State wi Ic the latter includes infornuition and review
of available documents such as seminar papers, newspapers and text books,
journals and other business publications. findings were made which included
that if the people (importers and manufacturers) are adequately informed on
operations of the (FIRS) it will enhance revenue generated because the attitude
of importers especially smugglers hinders revenue officers especially custom
officers from collecting the required revenue from VAT. Resulting from the
findings and other findings such as unqualified VAT officers and lack of'
eliective working tools P.r the VAl' officers, the following recommendations
were made- government should encourage the men of the (FIRS) and Nigerian (
usloins Service (NCS) by providing adequate training facilities and equipment
like f'Llly installed computers and vehicles to enhance movement of officers
from one duly f)ost to another as well us motivation to help improve their
performance There should be strict measures and government policies that will
help the revenue agents chat smuggling.
NWANKWO, B (2021). Value Added Tax Collection And Revenue Generation In Nigeria (A Case Study Of The Federal Inland Revenue Service Umuahia Abia State). Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/value-added-tax-collection-and-revenue-generation-in-nigeria-a-case-study-of-the-federal-inland-revenue-service-umuahia-abia-state-7-2
BASIL, NWANKWO. "Value Added Tax Collection And Revenue Generation In Nigeria (A Case Study Of The Federal Inland Revenue Service Umuahia Abia State)" Mouau.afribary.org. Mouau.afribary.org, 09 Dec. 2021, https://repository.mouau.edu.ng/work/view/value-added-tax-collection-and-revenue-generation-in-nigeria-a-case-study-of-the-federal-inland-revenue-service-umuahia-abia-state-7-2. Accessed 31 Oct. 2024.
BASIL, NWANKWO. "Value Added Tax Collection And Revenue Generation In Nigeria (A Case Study Of The Federal Inland Revenue Service Umuahia Abia State)". Mouau.afribary.org, Mouau.afribary.org, 09 Dec. 2021. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/value-added-tax-collection-and-revenue-generation-in-nigeria-a-case-study-of-the-federal-inland-revenue-service-umuahia-abia-state-7-2 >.
BASIL, NWANKWO. "Value Added Tax Collection And Revenue Generation In Nigeria (A Case Study Of The Federal Inland Revenue Service Umuahia Abia State)" Mouau.afribary.org (2021). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/value-added-tax-collection-and-revenue-generation-in-nigeria-a-case-study-of-the-federal-inland-revenue-service-umuahia-abia-state-7-2