Impact Of Value Added Tax On Nigeria Revenue Generation And Economic Development (1994- 2015)
ABSTRACT
This study examines the impact of value added tax (VAT) on the revenue generation and
Economic Development of Nigeria. The researcher adopted Ex-post facto research design for
the study. Secondary data were used for the study, covering a period between 1994-2015.
Several statistical tools such as tables, percentages, and simple regression model were
employed, in the analyses of data and testing of the formulated hypotheses. The study revealed
that the value added tax (VAT) has significant positive impact on the Economic Development
of Nigeria, at 5% level of significant. It further revealed that Value Added Tax has statistical
significant effect on revenue generation in Nigeria; that there is positive relationship or impact
of VAT on total tax revenue. Finally, that the effect of Value added tax (VAT) on Real Gross
Domestic Product (RGDP) in Nigeria is signicant. The study recommends among other things
that, Government should sponsor the effort of all financial regulatory bodies, to enable them
draft bills that will ensure the implementation, control and evaluation of value added tax. That
awareness program should be arranged to educate the subjects on the need of supporting
government in their programs as it affect VAT, since VAT affect the RGDP of Nigeria.
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IREM, S (2021). Impact Of Value Added Tax On Nigeria Revenue Generation And Economic Development (1994- 2015). Repository.mouau.edu.ng: Retrieved Nov 25, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-value-added-tax-on-nigeria-revenue-generation-and-economic-development-1994-2015-7-2
SUCCESS, IREM. "Impact Of Value Added Tax On Nigeria Revenue Generation And Economic Development (1994- 2015)" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 09 Jun. 2021, https://repository.mouau.edu.ng/work/view/impact-of-value-added-tax-on-nigeria-revenue-generation-and-economic-development-1994-2015-7-2. Accessed 25 Nov. 2024.
SUCCESS, IREM. "Impact Of Value Added Tax On Nigeria Revenue Generation And Economic Development (1994- 2015)". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 09 Jun. 2021. Web. 25 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-value-added-tax-on-nigeria-revenue-generation-and-economic-development-1994-2015-7-2 >.
SUCCESS, IREM. "Impact Of Value Added Tax On Nigeria Revenue Generation And Economic Development (1994- 2015)" Repository.mouau.edu.ng (2021). Accessed 25 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-value-added-tax-on-nigeria-revenue-generation-and-economic-development-1994-2015-7-2