ASSESSMENT OF THE REVENUE PERFORMANCE OF COMPANIES INCOME TAX IN NIGERIA (1994 – 2003)
ASSESSMENT OF THE REVENUE PERFORMANCE OF COMPANIES INCOME TAX IN NIGERIA (1994 – 2003)
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Date
2006-05
Authors
OMOTOSHO, SALAWU MOHAMMED
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Abstract
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.
Description
A THESIS SUBMITTED TO THE POSTGRADUATE
SCHOOL, AHMADU BELLO UNIVERSITY, ZARIA IN
PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE
AWARD OF THE DEGREE OF MASTER OF SCIENCE IN
ACCOUNTING AND FINANCE
Keywords
ASSESSMENT,, REVENUE,, PERFORMANCE,, COMPANIES,, INCOME,, TAX,, NIGERIA, (1994 – 2003)