ABSTRACT
VAT is a form of consumption tax which taxes vales on consumption of goods and services. VAT taxes the value -added to the existing value of the taxable goods and services and it is consumption/income. Understanding the study, we adopted the ordinary least squares (OLS) methods in analysis the data we collected from FIRS office Umuahia before coming to this analysis we thoroughly investigated existing interactive and lecture presentations on the topic- VAT administration. The findings are that: Vat administration is the most cost effective revenue tax mechanism or system operational now, and that, the tax system widens the gap between the rich and the poor, the poor get poorer and the rich get richer, if all that is regenerated in VAT tax is properly· expended there will be a remarkable impact in economic growth. These distortion measured by standard error in the analysis- 4742652 and 0.29522 portrays the fact that there are distortions- political factors affecting roper distributing of income within the economy. On these findings, we recommend: That there should be another study to know if VAT is administered on e-transactions- e-commerce, e• business, that ways should be discovered as to stop the distortion that occurs in the course expending the generated VAT revenues. If these findings and recommendations are adhered to and well implemented, there will be a considerable improvement in the effect of VAT administration on revenue generation and economic growth in Nigeria.
GODSON, M (2020). TH·E EFFECT OF VAT ADMINISTRATION OF REVENUE GENERATION AND ECONOMIC GROWTH IN NIGERIA (1994-2009). A CASE STUDY OF FEDERAL INLANDS REVENUE SERVICE.. Repository.mouau.edu.ng: Retrieved Nov 21, 2024, from https://repository.mouau.edu.ng/work/view/th%C2%B7e-effect-of-vat-administration-of-revenue-generation-and-economic-growth-in-nigeria-1994-2009-a-case-study-of-federal-inlands-revenue-service
MOUAU/05/383, GODSON. "TH·E EFFECT OF VAT ADMINISTRATION OF REVENUE GENERATION AND ECONOMIC GROWTH IN NIGERIA (1994-2009). A CASE STUDY OF FEDERAL INLANDS REVENUE SERVICE." Repository.mouau.edu.ng. Repository.mouau.edu.ng, 20 Mar. 2020, https://repository.mouau.edu.ng/work/view/th%C2%B7e-effect-of-vat-administration-of-revenue-generation-and-economic-growth-in-nigeria-1994-2009-a-case-study-of-federal-inlands-revenue-service. Accessed 21 Nov. 2024.
MOUAU/05/383, GODSON. "TH·E EFFECT OF VAT ADMINISTRATION OF REVENUE GENERATION AND ECONOMIC GROWTH IN NIGERIA (1994-2009). A CASE STUDY OF FEDERAL INLANDS REVENUE SERVICE.". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 20 Mar. 2020. Web. 21 Nov. 2024. < https://repository.mouau.edu.ng/work/view/th%C2%B7e-effect-of-vat-administration-of-revenue-generation-and-economic-growth-in-nigeria-1994-2009-a-case-study-of-federal-inlands-revenue-service >.
MOUAU/05/383, GODSON. "TH·E EFFECT OF VAT ADMINISTRATION OF REVENUE GENERATION AND ECONOMIC GROWTH IN NIGERIA (1994-2009). A CASE STUDY OF FEDERAL INLANDS REVENUE SERVICE." Repository.mouau.edu.ng (2020). Accessed 21 Nov. 2024. https://repository.mouau.edu.ng/work/view/th%C2%B7e-effect-of-vat-administration-of-revenue-generation-and-economic-growth-in-nigeria-1994-2009-a-case-study-of-federal-inlands-revenue-service