THE EFFECTS AND ADMINISTRATION OF VALUE ADDED TAX IN THE NIGERIA ECONOMY: A STUDY OF FEDERAL BOARD OF INLAND REVENUE

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

CHAPTER  THREE 3.0 ﾿ RESEARCH METHODOLOGY3.1 ﾿ Research  design3.2 ﾿ Sources  of primary   and   secondary3.3 ﾿ Data  collection   techniques3.4 ﾿ Population   and of the  study3.5 ﾿ Sample  size
CHAPTER FOUR4.0      DATA  PRESENTATION, ANALYSIS AND  INTERPRETATION    284.1      Data presentation                                                                                        284.3      Test  of hypotheses                                                                                     314.4     Interpretation    of results                                                                             36

CHAPTER FIVE5.0     SUMMARY, CONCLUSION AND  R~COMMENDATIONS                385.1     Summary                                                                                                            385.2      Conclusion                                                                                                      395.3       Recommendations                                                                                        40
ReferencesAppendix