Value Added Tax (Vat) A Tool For Economic Development In Nigeria:- Ukpabi Priscilia C
ABSTRACT
Over
the years, taxation has been taken as a veritable source of funding public
sector activities as well as being an economic tool for the management of the
consumption, investment, and production patterns. In most developing countries,
the imposition of various forms of taxes has been without some forms of
feedback on the effectiveness/efficiency of such taxes. This study attempts to
appraise the usefulness of the tax system in Nigeria, using Value Added Tax
system as a reference point. The significant of this study is that it will
enable the government officials, researchers and economic analysts to appraise
any type of tax, with the aid of the parameters used in this study. The study
use the ability to generate revenue and the ability to influence the
consumption patterns as the measurement parameters and found that VAT has been
effective but not efficient. The study recommended (among others) that tax
authorities should be record/proprietary-conscious such that the cost (budget)
of the collection machinery and a target amount payable to the government
should be covered by the expected revenue to be generated.
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UKPABI, C (2024). Value Added Tax (Vat) A Tool For Economic Development In Nigeria:- Ukpabi Priscilia C. Mouau.afribary.org: Retrieved Sep 16, 2024, from https://repository.mouau.edu.ng/work/view/value-added-tax-vat-a-tool-for-economic-development-in-nigeria-ukpabi-priscilia-c-7-2
C., UKPABI. "Value Added Tax (Vat) A Tool For Economic Development In Nigeria:- Ukpabi Priscilia C" Mouau.afribary.org. Mouau.afribary.org, 30 Aug. 2024, https://repository.mouau.edu.ng/work/view/value-added-tax-vat-a-tool-for-economic-development-in-nigeria-ukpabi-priscilia-c-7-2. Accessed 16 Sep. 2024.
C., UKPABI. "Value Added Tax (Vat) A Tool For Economic Development In Nigeria:- Ukpabi Priscilia C". Mouau.afribary.org, Mouau.afribary.org, 30 Aug. 2024. Web. 16 Sep. 2024. < https://repository.mouau.edu.ng/work/view/value-added-tax-vat-a-tool-for-economic-development-in-nigeria-ukpabi-priscilia-c-7-2 >.
C., UKPABI. "Value Added Tax (Vat) A Tool For Economic Development In Nigeria:- Ukpabi Priscilia C" Mouau.afribary.org (2024). Accessed 16 Sep. 2024. https://repository.mouau.edu.ng/work/view/value-added-tax-vat-a-tool-for-economic-development-in-nigeria-ukpabi-priscilia-c-7-2