AN ASSESSMENT OF VALUE ADDED TAX (VAT) ON ADMINISTRATION IN NIGERIA

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RESEARCH INFORMATION

: AN ASSESSMENT OF VALUE ADDED TAX (VAT) ON ADMINISTRATION IN NIGERIA

: Chapter 1 – 5
: #3, 000
: Ms Word format

This study, “AN ASSESSMENT OF VALUE ADDED TAX (VAT) ON ADMINISTRATION IN NIGERIA” contains concise information that will serve as a framework or guide for your project work. The project study is well-researched for academic purposes and are usually provided in complete chapters with adequate References.

Keywords: AN ASSESSMENT OF VALUE ADDED TAX (VAT) ON ADMINISTRATION IN NIGERIA

 

RESEARCH BODY

TABLE OF CONTENT       

CHAPTER ONE

1.0     INTRODUCTION

1.1     BACKGROUND OF THE STUDY

1.2     STATEMENT OF THE PROBLEM

1.3     OBJECTIVES OF THE STUDY

1.4     RESEARCH QUESTIONS

1.5     SIGNIFICANCE OF THE STUDY

1.6     RESEARCH HYPOTHESES

1.7     SCOPE OF THE STUDY

1.8     LIMITATION OF THE STUDY

1.9     DEFINITION OF TERMS

CHAPTER TWO

2.0     LITERATURE REVIEW

2.1     CONCEPTUAL CLARIFICATION

2.2     THEORETICAL FRAMEWORK

2.3     EMPIRICAL REVIEW

2.4     SUMMARY OF LITERATURE REVIEW

CHAPTER THREE

3.0     RESEARCH METHODOLOGY

3.1     INTRODUCTINTRODUCTION

3.2     RESESEARCH DESIGN

3.3     STUDY POPULATION

3.4     SAMPLE AND SAMPLING TECHNIQUE

3.5     DATA FOR THE STUDY: INSTRUMENTATION

3.6     METHOD OF DATA ANALYSIS

CHAPTER FOUR

4.0     DATA PRESENTPRESENTATATION AND ANALYSIS

4.1     INTRODUCTION

4.2     DATA ANALYSIS

CHAPTER FIVE

5.0     SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION

5.1     SUMMARY OF FINDINGS

5.2     CONCLUSION

5.3     RECOMMENDATION

REFRENCE

APPENDIX

CHAPTER ONE

  • BACKGROUND OF THE STUDY

Value Added Tax (VAT) was introduced in Nigeria by the report of a study group set up by the federal government in 1991 during the regime of the military president, General Ibrahim Badamasi Babangida.The study group came up with Value Added Tax (VAT).The alternation of the bases of tax and the credit system brought about the affirmation of the Vat Decree, which became effective from 1st December 1993.The introduction of VAT in Nigeria is being managed, implemented and administered by a body.  The day to day activities must be an effective and efficient administration in the execution of Vat policies because of alternatives and uncertainties before them, and also the risk of making a wrong decision or choice in the administration might hinder the progress of Vat in the country.This is why efforts have been made to select capable hands and brains to man the affairs of Vat as established by Value Added Tax Decree (VATD) of 1993.

The VAT are administered by Federal Board of Inland Revenue (FBIR).It provides that the board (FBIR) may do such thing as it may seem necessary and expedient for the assessment and collection of tax and shall account for all amount so collected in accordance with the provision of this decree with reference to section 3; paragraph 7, sub section 1 (3.7 (1) of the Value Added Tax Decree (VATD) no 102 of 1993.

The Value Added Tax (VAT) is a specially tax that charges establishments ten percent (10%) of their turnover in a year.This institution was established in 1993 as pronounced by VAT Decree (VATD) N0. 102 during the General Ibrahim Badamasi Babangida regime.The idea of introducing Value Added Tax (VAT) in Nigeria came as a report of the study group set up by the Federal government in 1991.  In January, 1993 government agreed to introduce VAT by the middle of the year, which was later shifted to September, 1993.

The alternative of the bases of tax and the credit system brought to tax led to the pronouncement of the VAT Decree (VATD) N0. 102 at 1993 through the Decree came effect from 1st December 1993, the full effect implication commenced from January 1st, 1994.

The administrative body of VAT comprise the VAT technical committee and they are changed with the following functions as contend also in section 17 of the VAT decree of 1993 state that there is hereby established committee to be known as the value added tax technical committee which shall comprise of a chairman of the Federal Board of Inland Revenue (FBIR), a Director in Nigeria Customer (NCS) and three representative of the state government who shall be member of Joint Tax Board.

This research work will look into the effectiveness and efficiency of administration of VAT, its advantages and disadvantages on both the citizens and government of Nigeria.

 STATEMENT OF THE PROBLEM

Value Added Tax in Nigeria has always been a bone of contention in the nation. It has significantly added a great value to the economy of Nigeria and likewise affected the masses in a painful way.With this effect on the masses, there ought to be a compensation to be experienced by the citizens of Nigeria through Socio-Economic development, including basic amenities.  But as it seems, this has been a struggle for the government and the citizens alike. A critical look into the implementation of VAT and its general outcome on the masses and government really need to be embraced.

1.3     RESEARCH QUESTION

  1. Is Value Added Tax implemented properly in Nigeria?
  2. What effects does the VAT have on the Nigerian Economy?
  3. What effects does the VAT have on the citizens of Nigeria?
  4. Can the implementation and administration of VAT in Nigeria be improved?

1.4       AIMS AND OBJECTIVE OF STUDY

The aim of this studies is to critically study the assessment of Value Added Tax (VAT) on administration in Nigeria. The objectives are:

  1. To ascertain if Value Added Tax is implemented properly in Nigeria.
  2. To study the effects VAT have on the Nigerian Economy.
  3. To analyze the effects of VAT on the citizens of Nigeria.
  4. To ascertain if the implementation and administration of VAT in Nigeria can be improved.

 

 

Keywords: AN ASSESSMENT OF VALUE ADDED TAX (VAT) ON ADMINISTRATION IN NIGERIA

 


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Keywords: AN ASSESSMENT OF VALUE ADDED TAX (VAT) ON ADMINISTRATION IN NIGERIA

 


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