Impact Of Value-Added-Tax On The Revenue Generation Of Non-Oil Companies In Nigeria. (2000-2014).
ABSTRACT
Value-Added-Tax (Vat) was
introduced by the Federal Government bf Nigeria in 1993 to replace Sales Tax
The aim was to increase the revenue base of government and make funds available
for developmental purposes that will accelerate economic growth Time series
data on the Gross Domestic Product (GDP), VAT Revenue and Revenue generation of
non-oil sector were used from 2000 to 2014 and sourced from Central Bank of
Nigeria (CBN) and were analyzed, using simple regression analysis The research
work therefore examines the impact of value-added-tax on Revenue Generation of
non-oil sector in Nigeria result from the study revealed that value-added-tax
has no significant impact on revenue generation of non-oil sector in Nigeria
and value added tax has significant impact on gross domestic product in
Nigeria. The study recommends that there should be constant review of existing
tax laws every four months as that of the United State of America and other
advanced economies, so as to keep the act in pace with the economic reality
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UWAH, J (2021). Impact Of Value-Added-Tax On The Revenue Generation Of Non-Oil Companies In Nigeria. (2000-2014).. Repository.mouau.edu.ng: Retrieved Nov 26, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-value-added-tax-on-the-revenue-generation-of-non-oil-companies-in-nigeria-2000-2014-7-2
JOY, UWAH. "Impact Of Value-Added-Tax On The Revenue Generation Of Non-Oil Companies In Nigeria. (2000-2014)." Repository.mouau.edu.ng. Repository.mouau.edu.ng, 26 Jul. 2021, https://repository.mouau.edu.ng/work/view/impact-of-value-added-tax-on-the-revenue-generation-of-non-oil-companies-in-nigeria-2000-2014-7-2. Accessed 26 Nov. 2024.
JOY, UWAH. "Impact Of Value-Added-Tax On The Revenue Generation Of Non-Oil Companies In Nigeria. (2000-2014).". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 26 Jul. 2021. Web. 26 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-value-added-tax-on-the-revenue-generation-of-non-oil-companies-in-nigeria-2000-2014-7-2 >.
JOY, UWAH. "Impact Of Value-Added-Tax On The Revenue Generation Of Non-Oil Companies In Nigeria. (2000-2014)." Repository.mouau.edu.ng (2021). Accessed 26 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-value-added-tax-on-the-revenue-generation-of-non-oil-companies-in-nigeria-2000-2014-7-2