ABSTRACT
This research work on the impact of value added tax in Nigeria economy is aimed at highlighting the important feature of value added tax its administration and collection in Nigeria. It also centers on the role which valued added tax collections have in government capital expenditure. Value added tax it is tax levied at each stage of production on firm. It is also a tax on the supply of goods and services which is eventually borne by the final consumer, but collected at each stage of production and distribution chain.The data used in this research work were obtained through primary and secondary sources. These source includes the use of questionnaire oral interview, personal observed useful information were equally collected from libraries, and internet. The sample question were analyzed using cables and charts. The Nigeria value added tax, which is a multi-staged tax is easily
administered since it is 5% rated. The value added tax revenue is equally re-injected in the economy through increased government final
consumption expenditure. Government may be happy about the high growing value added tax revenue but they have to address the increasing
complaint from organized private sectors about the effects of value added tax on their operating cost and the prices of their products.
TABLE OF CONTENTS
Cover page i
Title page ii
Approval page iii
Dedication iv
Acknowledgment v
Abstract vi
Table of Contents vii
List of Tables viii
CHAPTER ONE
1.0 INTRODUCTION 1
1.1 Background of the Study 1
1.2 Statement of the Problem 4
1.3 Objectives of the Study 5
1.4 Research Question 7
1.5 Hypotheses 8
1.6 Significance of the Study 9
1.7 Scope and Limitation of the study 9
1.8 Definition of Terms 10
References 12
CHAPTER TWO
2.0 REVIEW OF RELATED LITERATURE 13
2.1 History of Taxation in Nigeria 13
2.2 Importance of Taxation in Nigeria 18
2.3 What is VAT 20
2.4 Types of VAT 20
2.5 Consumption VAT 21
2.6 Income VAT 22
2.7 Gross Product VAT 24
2.8 Method of Calculating VAT 25
2.10 Subtraction Method 25
2.11 Addition Method 29
2.12 Advantages of VAT 32
2.13 Disadvantages of VAT 34
References 35
CHAPTER THREE
3.0 RESEARCH DESIGN AND METHODOLOGY 36
3.1 Research Design 36
3.2 Area of the Study 36
3.3 Population of the Study 37
3.4 Sample and Sampling Procedures 37
3.5 Instrument for Data Collection 38
3.5.1 Primary Sources 38
3.5.2 Secondary Sources 39
3.5.3 Method of Investigation 40
3.5.4 Tools of Analysis 41
3.5.5 Data Location 41
3.5.6 Validation Of Instrument 42
3.5.7 Reliability of Research Instrument 42
References 43
CHAPTER FOUR
1.1 PRESENTATION ANALYSIS
AND INTERPRETATION OF DATA 44
4.2 Federal Inland Revenue Service Collection
On Value Added Tax 58
4.3 Tax And Non-Tax Revenue Collection 60
CHAPTER FIVE
5.0 SUMMARY OF FINDINGS, CONCLUSIONS AND RECOMMENDATIONS
5.1 Summary of Findings 61
5.2 Conclusion 63
5.3 Recommendation 64
Bibliography 66
Appendix 1 67
Appendix II 68
Appendix II 74
