Impact of Value Added Tax (VAT) on Economic Growth in Nigeria (2000- 2018):- , Nwaorisara Amarachi
ABSTRACT
This
study examines the "Impact of Value Added Tax (VAT) on Economic Growth in
Nigeria (2000-2018). The researcher adopted Ex-postfacto research designfor the
study. Secondary data were usedfor the study, covering a period between
2000-2018. Several statistical tools such as tables, percentages and simple
regression model were employed, in the analyses of data and testing ofthe
formulated hypotheses. The study revealed that the Value Added Tax (VAT) has
significantpositive impact on the economic growth ofNigeria, at 5% level
ofsignificant. Itfurther revealed that Value Added Tax (VAT) has statistical
significant effect on revenue generation in Nigeria; that there is positive
relationship or impact ofVATon total tax revenue. Finally, that the impact of
Value Added Tax (VAT) on Real Gross Domestic Product (RGDP) in Nigeria is
significant. The study recommends among other things that government should
sponsor the effort ofallfinancial regulatory bodies, to enable them draft bills
that will ensure the implementation, control and evaluation ofValue Added Tax
(VAT). That awareness program should be arranged to educate the subjects on the
need ofsupporting government in their programs as it affect VAT, since VAT
affect the RGDP ofNigeria.
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NWAORISARA, A (2024). Impact of Value Added Tax (VAT) on Economic Growth in Nigeria (2000- 2018):- , Nwaorisara Amarachi. Repository.mouau.edu.ng: Retrieved Nov 22, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-value-added-tax-vat-on-economic-growth-in-nigeria-2000-2018-nwaorisara-amarachi-7-2
AMARACHI, NWAORISARA. "Impact of Value Added Tax (VAT) on Economic Growth in Nigeria (2000- 2018):- , Nwaorisara Amarachi" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 07 Aug. 2024, https://repository.mouau.edu.ng/work/view/impact-of-value-added-tax-vat-on-economic-growth-in-nigeria-2000-2018-nwaorisara-amarachi-7-2. Accessed 22 Nov. 2024.
AMARACHI, NWAORISARA. "Impact of Value Added Tax (VAT) on Economic Growth in Nigeria (2000- 2018):- , Nwaorisara Amarachi". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 07 Aug. 2024. Web. 22 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-value-added-tax-vat-on-economic-growth-in-nigeria-2000-2018-nwaorisara-amarachi-7-2 >.
AMARACHI, NWAORISARA. "Impact of Value Added Tax (VAT) on Economic Growth in Nigeria (2000- 2018):- , Nwaorisara Amarachi" Repository.mouau.edu.ng (2024). Accessed 22 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-value-added-tax-vat-on-economic-growth-in-nigeria-2000-2018-nwaorisara-amarachi-7-2