Key Features:
- No of Chapters: 5
- No of Pages: 34
- Questionnaire
- Table Representations
Abstract:
This study examines the effect of tax administration and revenue on economic growth of Nigeria. To achieve the
objective of this paper, data was collected from primary and secondary sources. The secondary sources were
from scholarly books and journals while the primary source involved a well structured questionnaire of three
sections of sixty five items with an average reliability of 0.78. The data collected from the questionnaire and
secondary data were analyzed using relevant regression analysis. The results reveal that there is a significant
relationship between there is significant relationship between Personal income tax revenue (PITR) and per capita
income, Company income Tax Revenue and Gross Domestic product of Nigeria, VAT revenue and PCI of
Nigeria, Petroleum Profit Tax revenue and GDP of Nigeria and tax administration and Gross domestic product of
Nigeria. Hence, the study concludes that tax administration and revenue does affect the economic growth of
Nigeria for the period under study. The paper recommends amongst others that more reforms in the tax
administrations and collection is needed so as to eliminate, if possible the areas that can cause revenue leakage as
a result of loopholes in tax collection and remittances from the authorities, and this is capable of limiting the
economic growth of the nation.
Keywords: Taxation, Economic Growth, Tax Administration, Tax Revenue
Table of Content:
TABLE OF CONTENT
page
Title page
Certification i
Dedication ii
Acknowledgement iii
Abstract iv
Table of content v-vi
CHAPTER ONE: Introduction
1.1 Background of the study 1
1.2 Statement of the research problem 3
1.3 Research objectives 4
1.4 Research questions 5
1.5 Research hypothesis 5
1.6 Significance of the study 6
1.7 Scope of the study 7
1.8 Definition of terms 8
CHAPTER TWO: Literature review
2.1 Conceptual review of the study 10
2.2 Theoretical review of the study 22
2.3 Empirical review of the study 27
CHAPTER THREE: Research methodology
3.1 Introduction 38
3.2 Research design 38
3.3 Research population 38
3.4 Sampling techniques and sampling size 38
3.5 Method of data collection 39
3.6 Model specification 39
3.7 Measurement of variables 40
3.8 Method of analysis 40
CHAPTER FOUR: Data Presentation, Analysis and Interpretation
4.1 Descriptive Analysis 42
4.2 Correlation Matrics 43
4.3 Effect of personal income tax 44
CHAPTER FIVE: Summary, Conclusion and Recommendation
5.1 Summary of research finding 46
5.2 Conclusion 46
5.3 Recommendation 48
BIBLIOGRAPHY 50
APPENDIX 53-54
Introduction:
Tax is defined as money that has to be paid to the government by the people according to their profits on goods and services provided. Chris and Elizabeth (2001) also defined taxes as a forced proportional contribution from persons and property levied by virtue of its severity for the support of government and for all public needs. (Cited in Angahar and Alfred 2012).
The serious decline in price of oil in recent years has led to a decrease in the funds available for distribution to the federal and state Government. The need for state and local governments to generate adequate revenue from internal sources has therefore become a matter of extreme urgency and important. This need underscores the eagerness on the part of state and local governments and eve the federal government to look for new sources of revenue or to become aggressive and innovative in the mode of collecting revenue from existing sources. (Afuberoh and Okoye 2013).
Aguolu (2014), states that though taxation may not be the most important source of revenue to the government in terms of the magnitude of revenue derived from taxation, however, taxation is the most important source of revenue to the government, from the point of view of certainty, and consistency of taxation. Aguolu (2014) further mentioned that taxation is the most important source of revenue to the government. Owing to the inherent power of the government to impose taxes, the government is assured at all times of its tax no matter the circumstances. (Cited in Afuberoh and Okoye 2013).
The desire to uplift one's society is the first desire of every patriotic citizen. Tax payment is the demonstration of such desire. The payment of tax is a civic duty and an imposed contribution by government on their subjects and companies to enable her finance or run public utilities and perform other social responsibilities. (Adebisi and Gbegi 2013).
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