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Abstract This study was on effect of value added tax in revenue generation of SouthWestern states in Nigeria from 2011 to 2016. Five objectives were raised which included:  To ascertain the relationship between value added tax and revenue generation in Lagos state, to ascertain the relationship between value added tax and revenue generation in Ogun state, to ascertain the relationship between value added tax and revenue generation in Osun state, ...

Abstract This study was on Current law and practice of value added tax in Nigeria. Two objectives were raised which included: To find out the law of values added tax in Nigeria and to find out the practice of values added tax in Nigeria. A total of 77 responses were received and validated from the enrolled participants where all respondents were drawn from CBN. Hypothesis was tested using Chi-Square statistical ...

CHAPTER ONE 1.0     INTRODUCTION         1.1   BACKGROUND OF THE STUDY The federal government in 1991 set up a study group to look into and give recommendation of the administration and reform of indirect taxation. This was as a result of the inadequate revenue yield from non-oil taxes in Nigeria and the overdependence of the government on oil revenue. This group was to review the indirect taxation system in Nigeria, study the ...

CHAPTER ONE INTRODUCTION 1.1  BACKGROUND OF THE PROBLEM Value Added Tax (VAT) is a consumption tax on the value added to a product in the process of production. Like all other indirect taxes, it is a tax that targets the final consumer of goods and services. The main purpose of VAT in Nigeria is to increase government (state and Local) revenue from the non-oil sector thereby reducing the government’s dependence ...

ABSTRACT This paper analyzed empirically the impact of Value Added Tax (VAT) on economic growth in Nigeria from 1994-2010. Data was collected from Central Bank of Nigeria (CBN) statistical bulletin. Ordinary Least Square techniques was used to estimate the model, which reveals a strong positive significant impact of VAT on economic growth in Nigeria. Therefore, this study recommends that the VAT should not be high on the infant industries, so ...

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY Exchange rate is the price of one country’s currency expressed in terms of some other currency. It determines the relative prices of domestic and foreign goods, as well as the strength of external sector participation in the international trade. Exchange rate regime and interest rate remain important issues of discourse in the International finance as well as in developing nations, with ...

THE ADMINISTRATION OF VAT IN NIGERIA CHAPTER ONE INTRODUCTION 1.1BACKGROUND TO THE STUDY Value Added Tax (VAT) was introduced in Nigeria by the report of a study group set up by the federal government in 1991 during the regime of the military president, General Ibrahim Badamasi Babangida. The study group came up with Value Added Tax (VAT). The alternation of the bases of tax and the credit system brought to ...

ABSTRACT The federal government being a non‑profit oriented organization generates its revenue through various sources. These sources include: Taxes, Loan and grants, Investment, Rates and Rents, Court Fees, Royalties, and, Sales of confiscated properties. Tax being the paramount of government revenue source is sub divided into: Personal Income Tax, Companies Income Tax, Petroleum Profit Tax. Capital Transfer Tax, Value Added Tax, Education Tax and Capital Gains Tax. In this project ...

CHAPTER ONE INTRODUCTION Value Added Tax is a consumption tax, which came to existence on first December, 1993, by decree number 102 of 1993 while its actual implementation commenced on first January, 1994. It is a transition from Lagos state sales tax. The tax was introduced sequel to the report of the 1991 study group on the review of indirect taxes in Nigeria under the chairmanship of Dr. Sylvester U. ...

CHAPTER ONE 1.0    Introduction The implementation of Value Added Tax (VAT) in Nigeria started on 1st January, 1994. VAT is a tax on consumption. it is suffered when a person ingest goods and services. The enabling Act is the value added tax act 102 of 1993 (VATA 1993).  Before the final introduction of the VAT in January 1994, the idea of introduction VAT in Nigeria came from the report of the ...

ABSTRACT The research work is carried out specifically to appreciate value Added Tax as an important source of revenue to the government in Nigeria and its importance to the development of business organisation. The research work analyse the purpose, problems, significance and also the questions relating to the importance of value Added Tax as a source of revenue to the government in Nigeria. In view of this, the research work ...

ABSTRACT This project work “The Analysis of the Impact of Value Added Tax in Revenue Generation in Nigeria (2000 – 2009)” was necessitated by the need to assess the performance of Value Added Tax and ascertain it impact on revenue generation in Nigeria. It focused on the effect of VAT on vatable persons especially as it relates to the demand and sales of it product, its profitability, contribution to the ...

ABSTRACT This project work “The Analysis of the Impact of Value Added Tax in Revenue Generation in Nigeria (2000 – 2009)” was necessitated by the need to assess the performance of Value Added Tax and ascertain it impact on revenue generation in Nigeria. It focused on the effect of VAT on vatable persons especially as it relates to the demand and sales of it product, its profitability, contribution to the ...

ABSTRACT This work was aimed at evaluating tax payers perception on value added tax system in Nigeria. In 1993 the Federal Government promulgated a Decree in respect of the introduction of VAT, which is a tax on the consumption of goods and services. This was in view of the numerous benefits, which could be derived from the exercise. Prior to the introduction of VAT sales, tax system was in operation but ...

CHAPTER ONE   INTRODUCTION BACKGROUND OF THE STUDY     Some years back, the agricultural sector was playing an important role in the Nigeria economy both in generating revenue and in the physical impact. This was before oil started its own impact on the economy. The impact created by the oil sector begging to be more relevant within a short period of time. Other sectors of the economy become secondary in terms ...

CHAPTER ONE INTRODUCTION Taxes in modern economics are the most important source of government revenue. The are compulsory levies that are regularly imposed, and as a rule, not designated for a special purpose they are regarded as a contribution to the general revenue pool from which most government expenditure are financed. Taxation occupies a principal position in the Nigerian economy as in other countries. Value – Added –Tax was introduced ...

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF STUDY Some years back, the agricultural sector was playing an important role in the Nigeria economy both in generating revenue and in the physical impact. This was before oil started its own impact on the economy. The impact created by the oil sector begging to be more relevant within a short period of time. Other sectors of the economy become secondary in terms of ...

CHAPTER ONE  INTRODUCTION 1.1  BACKGROUND OF THE STUDY Taxation is an important factor in Economic planning and also an agent for social change. It is perhaps the last to understand and the most unappreciated instrument among other government policies by the citizens, yet they expect the government to provide some services. This must probably be owing to the fact that most people, particularly in developing countries like Nigeria, have very ...

TABLE OF CONTENT Title page Approval page Dedication Acknowledgment Abstract Table of content   CHAPETR ONE 1.0   INTRODUCTION  1.1        Background of the study 1.2        Statement of problem 1.3        Objective of the study 1.4        Research Hypotheses 1.5        Significance of the study 1.6        Scope and limitation of the study 1.7       Definition of terms 1.8       Organization of the study     CHAPETR TWO 2.0   LITERATURE REVIEW   CHAPETR THREE 3.0        Research methodology 3.1    sources of data collection 3.3        Population of the ...

TABLE OF CONTENT Title page Approval page Dedication Acknowledgment Abstract Table of content   CHAPETR ONE 1.0   INTRODUCTION  1.1        Background of the study 1.2        Statement of problem 1.3        Objective of the study 1.4        Research Hypotheses 1.5        Significance of the study 1.6        Scope and limitation of the study 1.7       Definition of terms 1.8       Organization of the study CHAPETR TWO 2.0   LITERATURE REVIEW \CHAPETR THREE 3.0        Research methodology 3.1    sources of data collection 3.3        Population of the study 3.4        Sampling and ...