Review Of Current Developments In Withholding Tax And Value Added Tax In Nigeria

ABSTRACT

The purpose of this research was to review the current development in withholding tax and value added lax in Nigeria. In order to achieve this basic aim, 50 questionnaire were distributed and forty five were filled and returned, which were analyzed and tested using the spearman rank order correlation and the i-test. Based on the analysis, findings were made which include that; tax payer response to VAT payments is affected by their level of awareness of VAT merits but not by the level of efficiency in the tax. The reverse ix true of tar payer response to withholding lax deductions at source; both male and female lax payer 'S response alike to both withholding tax (intl va/,,e- added- lax. Ii was therefore recommended that the government should pay attention to those areas that affect tax payers' responses. Such as giving evidence f the proper utilization of revenue generated from these taxes in order to encourage co-operation from tax payers