AN EVALUATION OF TAXPAYERS PERCEPTION OF THE VALUE ADDED TAX IN NIGERIA


Department Of Banking And Finance


PAGES: 60
FORMAT: MS WORD
Chapters: 1-5
PRICE: ₦ 5,000.00

AN EVALUATION OF TAXPAYERS PERCEPTION OF THE VALUE ADDED TAX IN NIGERIA

ABSTRACT

This work was aimed at evaluating tax payers perception of the value-added tax system in Nigeria.

In 1993 the Federal Government promulgated a Decree in respect of the introduction of VAT, which is a tax on the consumption of goods and services. This was in view of the numerous benefits, which could be derived from the exercise. Prior to the introduction of VAT sales, the tax system was in operation but tax experts see it as being too narrow and also unable to generate the expected revenue for the government. This also led to the need for an alternative tax system VAT.

However all the above are the views of all government the research finds it necessary to evaluate the opinions of taxpayers who are the incidence bearers of VAT in order to make a comparative analysis with the opinions of the government. Three samples were used in this study namely; consumers, producers and tax official. The two hypothesis test where all in favour of  VAT proving that VAT is a fair and equitable system and it is perceived to favour taxpayers.

In order to enhance the performance of the VAT system, the researcher made some recommendations to the Federal Government.    

 TABLE OF CONTENTS

Certification

Declaration

Dedication

Acknowledgement

Abstract

Table of contents

CHAPTER ONE

1.0 Introduction

1.1 Statement of the problem

1.2 Purpose of the study

1.3 Significance of the  study

1.4 Organisation of the study

1.5 Research  questions

1.6 Hypothesis

1.7 Definition of terms

1.8 Test of data

1.9 Limitation of the study

CHAPTER TWO: LITERATURE REVIEW

2.1 Introduction

2.2 Some definitions of Taxation

2.3 Importance of Taxes

2.4 Taxes evasion and avoidance

2.5 Value added tax

2.5.1 Background of VAT

2.5.2 Origin of VAT

2.5.3 Sales Tax

2.5.4 VAT as replacement of sales Tax

2.5.5 Position of VAT in sales taxes

2.5.6 Value added tax Nigeria sales tax

2.5.7 Forms of VAT

2.5.8 Major features of VAT

2.5.9 The Nature of VAT 

2.6.0 Administration and Policy

2.6.1 Registration

2.6.2 Supplies

2.6.3 Schedules of VAT Decree 102 of 1993

2.6.4 Determination of value

2.6.5 Returns

2.6.6 Remittance of VAT

2.6.7 Liability to VAT

2.6.8 Records and Account

2.6.9 VAT Inspection

2.7.0 Offences and penalties

2.8.0 Administration of VAT on imports 

2.8.1 Registration

2.8.2 Vatable imported services

2.8.3 Determination of values

2.8.4 The right of Appeal

2.8.5 Assessment

2.8.6 Payment

2.8.7 Input tax

2.8.8 Evidence of input tax

2.8.9 Rendition of collection: Return by Nigeria Custom

2.9.0 Advantages of VAT

2.9.1 Demerits of VAT

2.9.2 Merits of VAT in Nigeria Economy

CHAPTER THREE: METHODOLOGY

3.1 Introduction

3.2 Sampling procedure

3.3 Method of data collection

3.3.1 Questionnaire design and administration

3.3.2 Personal interview

3.3.3 Survey of the existing documents

3.3.4 Statistical technique   

CHAPTER FOUR PRESENTATION AND ANALYSIS OF DATA AND FINDINGS

4.1 Introduction 

4.2 Presentation and analysis of data

4.3 hypothesis testing

CHAPTER FIVE:FINDINGS, RECOMMENDATION AND CONCLUSION

5.1 Findings

5.2 Recommendation

5.3 Conclusion

5.4 Recommendation for further research

REFERENCE

BIBLIOGRAPHY

CHAPTER ONE

INTRODUCTION

Taxation has long been practised in Nigeria. Initially, only men were expected to pay taxes but now all people working and anybody found in the capacity of paying tax are obligated to pay tax.

Tax in a mandatory levy on income charged for the purpose of carrying out government activities losses incurred by the government in recent times through tax evasion is increasing rapidly despite the pathetic financial and economic state of the country. There is a daily report in newspaper and magazines that the government losses billions of naira yearly due to tax evasion and the fraudulent practices of the tax officials. This has attributed to many factors. Most people attribute this to the fact that the country’s tax system is highly income base and since income is taxed only at one point or stage, a lot of evasion results.

In Nigeria, many different goods are consumed. For this reason, tax experts see consumption as the actual habit and as such, the need to shift the tax base from income tax to consumption tax. This necessitated the introduction of sales tax in Nigeria through degree N0. 7 of 1986.

However, it was discovered that the sales tax is narrow because it does not cover a lot of goods and services. This prompted the introduction of Value Added Tax (VAT) in Nigeria.

The idea of introducing VAT in Nigeria came from the report of the study group set up by the Federal Government in 1991 to review the entire tax system, VAT was proposed and a committee was set up to carry out feasibility studies on its implementation. In January 1993, the government agreed to introduce VAT through the instrumentality of the VAT Degree 102 of 1993. This was meant to be effective from January 1 1994. It came on stream as a replacement to its antecedent, the sales tax, which was characterized by a lot of lapses inadequacies and restrictive coverage. VAT is a consumption tax imported on all manufactured goods, industrial raw material and other imported into or product in Nigeria a single rate of five per cent. Potentially, it dragged cover virtually everybody, since one thing or the other except in the cases of specific items that are exempted.

Several benefits which the government expected to derive from value-added tax (VAT) were enumerated. During several others they are

i.        Increase in revenue generation

ii.       Facilitation of administrative enforcement

iii.      Reduction in revenue losses through tax evasion

iv.      Enhancement of documentation of the transaction

v.       Encouragement of rapid industrial growth by allowing credit for input taxes for capital goods.

vi.      Maintenance of neutrality in tax payment since it is broad-based and has a single rate.

The government has conveyed these benefits to the public and has also organized workshops and seminars to educate the producers, suppliers, consumers, tax officials and the general public on the VAT system in Nigeria. However, the perception of taxpayers is necessary at this stage and this is what this research is to find out.

STATEMENT OF THE PROBLEM

The Federal Government has made frantic efforts to convince the public of the need for a VAT system in Nigeria. It has informed the public of the benefits which have been derived from VAT, for example, a reduction of tax evasion, increase in government revenue and so on. This implies that the government sees VAT as a good tax system. But the taxpayer may not have the same view as the government, they may they will most definitely be reluctant to pay.

The problem or the question, therefore, is what is the perception of the taxpayers or the public on tax systems? Do they see it as being important as the government does? It is in view of the above questions that the researcher has decided to find out and evaluate the perception of the public or taxpayers on the valued added tax in Nigeria.

PURPOSE OF THE STUDY

It was the purpose of the study to evaluate the views of the taxpayers on Value Added Tax (VAT). On the basis of this, the researcher will be able to say if VAT has done more harm than good on the part of the taxpayers. The finding will also enable me to make recommendations that will bring about modification if necessary, that will strengthen the machinery for the administration of VAT and also to its acceptance by the public.

.



TYPE IN YOUR TOPIC OR KEYWORD AND CLICK SEARCH:

HOW TO GET THE COMPLETE PROJECT MATERIAL ON AN EVALUATION OF TAXPAYERS PERCEPTION OF THE VALUE ADDED TAX IN NIGERIA

  • * Click the green DOWNLOAD Button above

    * Select any option to get the complete project material instantly.

    * Chat our 24/7 customer service desk on WhatsApp# (+234) 0803-766-4978 and get your complete project material instantly.

    * All project materials on this website are well researched by professionals with high level of professionalism.


TESTIMONIES FROM OUR CLIENTS

Please feel free to carefully review some written and captured responses from our satisfied clients.


  • Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.

    "Exceptionally outstanding. Highly recommend for all who wish to have effective and excellent project defence. Easily Accessable, Affordable, Effective and effective."


  • Hilary Yusuf, United States International University Africa, Nairobi, Kenya.

    "I saw this website on facebook page and I did not even bother since I was in a hurry to complete my project. But I am totally amazed that when I visited the website and saw the topic I was looking for and I decided to give a try and now I have received it within an hour after ordering the material. Am grateful guys!"


  • Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.

    "Researchwap.net is a website I recommend to all student and researchers within and outside the country. The web owners are doing great job and I appreciate them for that. Once again, thank you very much "researchwap.net" and God bless you and your business! ."


  • Lamilare Valentine, Kwame Nkrumah University, Kumasi, Ghana.

    "Great User Experience, Nice flows and Superb functionalities.The app is indeed a great tech innovation for greasing the wheels of final year, research and other pedagogical related project works. A trial would definitely convince you."


  • Sampson, University of Nigeria, Nsukka.

    "I love what you guys are doing, your material guided me well through my research. Thank you for helping me achieve academic success."


  • Cynthia, Akwa Ibom State University .

    "researchwap.com is God-sent! I got good grades in my seminar and project with the help of your service, thank you soooooo much."


  • Elizabeth, Obafemi Awolowo University

    "Sorry, it was in my spam folder all along, I should have looked it up properly first. Please keep up the good work, your team is quite commited. Am grateful...I will certainly refer my friends too."


  • Ali Olanrewaju, Lagos State University.

    "Am happy the defense went well, thanks to your articles. I may not be able to express how grateful I am for all your assistance, but on my honour, I owe you guys a good number of referrals. Thank you once again."


  • Willie Ekereobong, University of Port Harcourt.

    "My Dear Researchwap, initially I never believed one can actually do honest business transactions with Nigerians online until i stumbled into your website. You have broken a new legacy of record as far as am concerned. Keep up the good work!"


  • Theressa, Igbinedion University.

    "WOW, SO IT'S TRUE??!! I can't believe I got this quality work for just 5k...I thought it was scam ooo. I wouldn't mind if it goes for over 5k, its worth it. Thank you!"


  • Joseph, Abia state Polytechnic.

    "I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much researchwap.com, infact, I owe my graduating well today to you guys...."


  • Christiana, Landmark University .

    "My friend told me about ResearchWap website, I doubted her until I saw her receive her full project in less than 15 miniutes, I tried mine too and got it same, right now, am telling everyone in my school about researchwap.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work"


  • Musa, Federal University of Technology Minna

    "I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!."


  • Ali Obafemi, Ibrahim Badamasi Babangida University, Niger State.

    "I was scared at first when I saw your website but I decided to risk my last 5k and surprisingly I got my complete project in my email box instantly. This is so nice!!!."


  • To contribute to our success story, send us a feedback or please kindly call 2348037664978.
    Then your comment and contact will be published here also with your consent.
    Thank you for choosing researchwap.com.

FREQUENTLY ASKED QUESTIONS

  • How can I get the complete project - AN EVALUATION OF TAXPAYERS PERCEPTION OF THE VALUE ADDED TAX IN NIGERIA

    Simply click on the DOWNLOAD green button above and follow the procedure stated.


    Is it a complete project work or just materials?

    Yes, it's a Complete Research Project material. i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data


    What if I want to change the case study for AN EVALUATION OF TAXPAYERS PERCEPTION OF THE VALUE ADDED TAX IN NIGERIA, What can i do?

    Chat with Our 24/7 Customer Service Desk Now: WhatsApp# and you will be responded to Instantly


    How long does it take to get the complete project on AN EVALUATION OF TAXPAYERS PERCEPTION OF THE VALUE ADDED TAX IN NIGERIA?

    Depending on how fast your payment and details is acknowledged by us, you will get the complete project within 30 minutes. However, on a very good day you can still get it within 15 minutes!


    How will I get my complete project?

    The Complete Project Material will be Delivered via your Email Address in an MS Word document format


    Can I get my Complete Project through WhatsApp?

    Yes! We also send your Complete Research Project to your WhatsApp Number


    What if my Project Supervisor made some changes to a topic i picked from your website?

    Call or Chat With Our 24/7 Custumer Care Desk: +2348037664978 and you will be responded to Instantly


    Do you assist students with Assignment, Term Paper, Seminar and Project Proposal?

    Call or Chat With Our 24/7 Custumer Care Desk: +2348037664978 and you will be responded to Instantly


    What if i do not have any project topic idea yet?

    Don't Worry! We've Got Your Covered. Chat with us on WhatsApp# (+234) 0803-766-4978 to Get Instant Help.


    Why should I trust this website?

    We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "TOPNOTCH INFOTECH ENTERPRISE". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!


    I have a fresh topic that is not on your site. How do I go about it?

    Don't Worry, Chat with us on WhatsApp# (+234) 0803-766-4978 to Get Instant Help.



PROJECT DETAILS

PAGES: 60
FORMAT: MS WORD
Chapters: 1-5
PRICE: ₦ 5,000.00




TYPE TOPIC OR KEYWORD AND CLICK SEARCH: