THE CONTRIBUTION OF VALUE ADDED TAX (VAT) TO ECONOMIC DEVELOPMENT OF NIGERIA 1994 – 2004
THE CONTRIBUTION OF VALUE ADDED TAX (VAT) TO ECONOMIC DEVELOPMENT OF NIGERIA 1994 – 2004
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Date
2007-08
Authors
ABUBAKAR, Kabir Yerima
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Abstract
An evaluation of Value Added Tax by VAT Decree 102 of 1993 as a
source of revenue to the federal government is important to both the
government and the Nigerian public. It has been the general belief that
taxation is used by government to raise funds and also as a major fiscal tool
for economic development.
Taxation is aimed at redistributing income among the citizenry.
Government introduced various tax policies for the enhancement of the
standard of living of its citizens and economic development.
This project revealed that the revenue from the Value Added Tax
(VAT) has been very encouraging. The VAT tax now appears to be second
position i.e. after petroleum profits tax in the revenue accruing from tax.
If most of the problems highlighted in the study are taken care of
one should not be surprised if Value Added Tax (VAT) takes the first position
especially with the uncertainties about the price of crude oil in the
international market.
Description
Being a research project submitted to Postgraduate School, Ahmadu Bello
University, Zaria, in partial fulfillment of the requirement for the award of the
degree of Masters of Business Administration (MBA)
Department of Business Administration
Faculty of Administration
Ahmadu Bello University
Zaria
AUGUST 2007
Keywords
CONTRIBUTION, VALUE ADDED TAX (VAT), ECONOMIC DEVELOPMENT