ANALYSIS OF VALUE ADDED TAX (VAT) SYSTEM IN NIGERIA.
ANALYSIS OF VALUE ADDED TAX (VAT) SYSTEM IN NIGERIA.
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Date
2000-09
Authors
DARASl GAMAWA, SHEHU
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Abstract
Prior to the discovery of oil, Nigeria was defendant on the exportation of agricultured
products for its foreign exchange earnings. With the discovery of oil, things changed and the
country relies so much on oil money for its foreign earnings. Oil prices started to dwindle
moving the country's earning to drop. Internally revenue was a meagre percentage of the
country's earnings. In 1993, the Federal Government promulgated degree 102 of 1993 which
establishes the collection of value Added Tax (VAT) at the rate of 5%, as an additional
source of income to the government. The tax, also known as consumption tax is levied on
some goods and services out lined in the decree.
The commencement date for the collection of the tax was 1st January 1994. This is the
subject of this research work.
Description
BEING A RESEARCH WORK PRESENTED TO THE POSTGRADUATE SCHOOL,
AHMADU BELLO UNIVERSITY (ABU) ZARIA. IN PARTIAL FULFILLMENT OF
THE REQUIREMENTS FOR THE AWARD OF MASTER IN BUSINESS
ADMINSTRATION (MBA)
SEPTEMBER, 2000
Keywords
ANALYSIS,, VALUE,, ADDED,, TAX (VAT),, SYSTEM,, NIGERIA.