EVALUATION OF TAX ADMINISTRATION IN- ABIA STATE; PROBLEMS AND PROSPECTS

ABSTRACT

The study was carried out to examine immensely on the evaluation of tax  administration   in  Abia  state  and  to  highjack  its  problems  and prospects thereby sourcing for solution to the stated problems. The main reason for this study is to source for solution to the problems and its prospects of tax administration here in Abia state. The study covers only the populace of citizens in Abia state. The survey of the study was made up of three (3) selected hierarchy's  i.e.   based on class of individuals. The instruments being used by the researcher in carrying out this work were ﾿ oral    interview    with    questionnaires    being    shared    among respondents ﾿ including  past  journals.   A  total  of  two  hundred  (200) questionnaires were administered to respondents of the, various classes, one hundred and sixty-eight (168) of which were returned for analysis

showing an encouraging rate of responses on the topic. The statistical tool used of testing the hypotheses was achieved using the Chi-Square (X2)     test   technique.   The   data  obtained   from   oral  interviews   and questionnaires were analysed. The result of the findings indicated that: The independence and competence of the external auditors and an audit committee plays a significant role in enhancing financial reporting  integrity and credibility. Inaccurate financial  reporting is caused  by ineffective corporate governance and poor accounting and internal control system.

TABLE    OF  cor~TENT

Certification                                                                                                       111

  Dedication                                                                                                          IV

Acknowledgement                                                                                             v 

Table of Contents                                                                                             VI 

Abstract                                                                                                              VIII

CHAPTER ONE

1.0 ﾿ INTRODUCTION ﾿ 1

1.1 ﾿ BACKGROUND OF THE STUDY ﾿ 1

1.2 ﾿ OBJECTIVE OF THE STUDY ﾿ 3

1.3 ﾿ RESEARCH QUESTIONS ﾿ 3

1.4 ﾿ RESEARCH HYPOTHESIS ﾿ 4

1.5 ﾿ SCOPE AND LIMITATION OF THE STUDY ﾿ 4

1.6   SIGNIFICANCE OF THE STUDY                                                        5

1.7   DEFINITION OF TERMS AND CONCEPTS                                       6

CHAPTER TWO

2.0   LITERATURE REVIEW ﾿

2.1    INTRODUCTION ﾿ 9

2.1.1  Principles  of Taxation ﾿ 11

2.1.2  Forms of Taxes ﾿ 13

2.1.3  Types of Taxes ﾿ 15

2.2   TAX ADMINISTRATION IN NIGERIA ﾿ 16

2.2.1  Federal Board of Inland Revenue: ﾿ 17

2.2.2  State Board of Internal Revenue ﾿ 20

2.2.3  Local Government Revenue Committee ﾿ 23

2.2.4  Joint Tax Board ﾿ 24

2.3   PERSONAL INCOME TAX ADMINISTRATION ﾿ 25

2.4   VALUE ADDED TAX ADMINISTRATION ﾿ 26

2.5   CAPITAL GAINS TAX ADMINISTRATION ﾿ 27

2.6   TAX EVASION AND AVOIDANCE ﾿ 28

2.7    IMPORTANCE OF TAXATION IN NIGERIA ﾿ 29

2.8   TAX ADMINISTRATION IN THE 215r  CENTURY                              31

2.9   TAX ADMINISTRATION IN ASIA STATE                                           32

2.9.1  Assessment Function in Abia State                                                                34

2.9.2  Classes of Assessment                                                                        34

2.10  SUMMARY                                                                                           35

CHAPTER THREE

3.0   RESEARCH DESIGN AND METHODOLOGY                                    37

3.1    RESEARCH DESIGN                                                                          37

3.2    POPULATION OF THE STUDY                                                          37

3.3   SAMPLE SIZE OF THE STUDY                                                          38

3.4    STATISTICAL TOOUINSTRUMENT  USED                                       39

3.5      VALIDITY   OF MEASURING   INSTRUMC:NT                                            40

3.6        RELIABILITY   OF MEASURING   INSTRUMENT                                       41

CHAPTER   FOUR

4.0       PRESENTATION   AND ANAL YSi3   OF DATA                                         42

4.1         INTRODUCTION                                                                                            42

4.2       PRESENTATION   AND ANALYSIS   OF DATA                                         42

4.3      TEST  OF HYPOTHESIS                                                                              52

4.4       INTERPRETATION    OF RESULT                                                              54

CHAPTER   FIVE

SUMMARY.   CONCLUSION   AND  RECOMMENDATION

5.1 ﾿ INTRODUCTION ﾿ 55

5.2 ﾿ SUMMARY   OF FINDINGS ﾿ 55

5.3 ﾿ CONCLUSION ﾿ 57

5.4 ﾿ RECOMMENDATIONS ﾿ 58

5.5 ﾿ SUGGESTIONS   FOR FURTHER ﾿ STUDIES ﾿ 60

Bibliography                                                                                 61

Questionnaire                                                                               62