Evaluation Of Strategies For Improving The .Assessment And Colletion Of Taxes From Self Employed Tax Payers In Nigeria (A study of imo state bir)
ABSTRACT
The huge sum of tax revenue lost by governments in the
informal economic sector over the years has been a subject of concern to the
researcher. It is on this background that an inquiry into the strategies for
improving the assessment and collection of taxes from self employed taxpayers
in Nigeria is conducted, using both a survey-descriptive and longitudinal
designs. First-hand data collected from 210 respondents, and data from the Imo
State Board of Internal Revenue on approved tax estimates and actual tax
collected for five fiscal years are statistically analysed, employing
descriptive statistics, students t-test, and Pearson Product Moment Correlation
techniques. The result reveals that stiffer penalties for non-compliance,
cubbing corruption among tax officials and good governance in government among
others are very strong measures for improving tax assessment and collection
from the self employed tax payers, after establishing at 5% significance level that
there is signficant difference between approve tax estimates and actual tax
collected from self employed taxpayers with t = 3.3. The study therefore,
concludes that to maximize total tax revenue, a special tax court should he
introduced to enhance quick prosecution of tax defaulters and erring tax
officials, and that adequate basic amenities should be provided for the people
as a direct appeal to taxpayers consciences for lax compliance.
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EMMANUEL, D (2021). Evaluation Of Strategies For Improving The .Assessment And Colletion Of Taxes From Self Employed Tax Payers In Nigeria (A study of imo state bir). Repository.mouau.edu.ng: Retrieved Nov 27, 2024, from https://repository.mouau.edu.ng/work/view/evaluation-of-strategies-for-improving-the-assessment-and-colletion-of-taxes-from-self-employed-tax-payers-in-nigeria-a-study-of-imo-state-bir-7-2
DAVDYSON, EMMANUEL. "Evaluation Of Strategies For Improving The .Assessment And Colletion Of Taxes From Self Employed Tax Payers In Nigeria (A study of imo state bir)" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 13 Jul. 2021, https://repository.mouau.edu.ng/work/view/evaluation-of-strategies-for-improving-the-assessment-and-colletion-of-taxes-from-self-employed-tax-payers-in-nigeria-a-study-of-imo-state-bir-7-2. Accessed 27 Nov. 2024.
DAVDYSON, EMMANUEL. "Evaluation Of Strategies For Improving The .Assessment And Colletion Of Taxes From Self Employed Tax Payers In Nigeria (A study of imo state bir)". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 13 Jul. 2021. Web. 27 Nov. 2024. < https://repository.mouau.edu.ng/work/view/evaluation-of-strategies-for-improving-the-assessment-and-colletion-of-taxes-from-self-employed-tax-payers-in-nigeria-a-study-of-imo-state-bir-7-2 >.
DAVDYSON, EMMANUEL. "Evaluation Of Strategies For Improving The .Assessment And Colletion Of Taxes From Self Employed Tax Payers In Nigeria (A study of imo state bir)" Repository.mouau.edu.ng (2021). Accessed 27 Nov. 2024. https://repository.mouau.edu.ng/work/view/evaluation-of-strategies-for-improving-the-assessment-and-colletion-of-taxes-from-self-employed-tax-payers-in-nigeria-a-study-of-imo-state-bir-7-2