ADMINISTRATION

Permanent URI for this collection

https://kubanni.abu.edu.ng/handle/123456789/20

Browse

Browsing ADMINISTRATION by Subject "(1994 – 2003)"

Now showing 1 - 1 of 1
  • Item
    ASSESSMENT OF THE REVENUE PERFORMANCE OF COMPANIES INCOME TAX IN NIGERIA (1994 – 2003)
    (2006-05) OMOTOSHO, SALAWU MOHAMMED
    ABSTRACT The major objective of this research is to assess the trends of revenue generated via the companies’ income tax and by implication to evaluate the performance of the Federal Inland Revenue Service with respect to the administration and collections of companies’ income tax in Nigeria. The researcher proposed two hypotheses towards addressing the study’s objectives and both primary and secondary sources of data are used in generating the necessary data for that purpose. These data are presented and analyzed by the use of tables, chi-square and regression model of analysis. It is discovered that companies’ income tax revenue generated has been improving significantly from year to year. The estimates produced by the regression analysis show that the variance between actual companies’ income tax and expected are wide and that companies’ income tax generation and administration had a significant impact on the development of the Nigerian economy between 1994 and 2003. This study has also identified factors militating against effective assessment and collection of companies’ income tax in Nigeria. In furtherance to the above findings, the researcher recommends that government should provide condusive business environment for the revamping of businesses in the various industries of the economy to further increase companies’ income tax revenue generation. Government should also articulate macro-economic measures designed to stimulate growth and stability in order to forestall any negative variation that might affect the companies’ income tax revenue generation in any year.