EVALUATION OF THE PERFORMANCE OF VALUE ADDED TAX AS A REVENUE EARNER IN NIGERIA: 1994-2003
EVALUATION OF THE PERFORMANCE OF VALUE ADDED TAX AS A REVENUE EARNER IN NIGERIA: 1994-2003
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Date
2008-01
Authors
AKINTSE, RIFUNTSE TANIMU
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Abstract
ABSTRACT
The instability of the Nigerian economy partly due to fluctuations in
international oil prices led to suggestions and decisions that had been
made which led to the introduction of value Added Tax (VAT) in 1993.
This thesis work entitled “An Evaluation of the Performance of VAT
in Nigeria (1994-2003)” aimed at assessing whether or not the introduction
of VAT has be a success.
Research methods adopted included historical and descriptive
methods. Data were obtained through the use of questionnaires,
interviews, and documents. Data were analyzed through the use of simple
percentages and qualitative analysis at the end of which useful information
was obtained.
Findings made include the fact that revenue generated are of
increase yearly. It was also discovered that the astronomical yearly
increase of VAT collection does not really mean performance as the
collection would have been higher if the VAT officials were properly
remunerated and effective collection strategies and administrative
machinery put in place.
Recommendations made include the need for better conditions of
service, judicious use of the VAT proceeds by the benefiting governments,
supply or provision of required operational tools, incentives to the VAT
payers and the collecting agents and good and conducive operating
environment.
Description
DEPARTMENT OF ACCOUNTING
FACULTY OF ADMINISTRATION
AHMADU BELLO UNIVERSITY
ZARIA.
Keywords
EVALUATION,, PERFORMANCE,, VALUE,, ADDED,, TAX,, REVENUE,, EARNER,, NIGERIA:, 1994-2003