Effect of Tax Administration and Reforms in Nigeria
Osho, Augustine E*. Wahab, Akeem Olayinka and Dare Comfort Tinuola
Department of Accounting, Achievers University, P.
M. B. 1030, Owo, Nigeria.
Finance and Accounts Department, Independent National Electoral Commission, Ado-Ekiti,
Ekiti State, Nigeria.
Department of Accounting, Achievers University, P. M. B. 1030, Owo, Nigeria.
examined effect of tax administration and reforms in Nigeria. Of empirical
interest are Company Income Tax (CIT), Petroleum Profit Tax (PPT), Value Added
Tax (VAT) and Custom and Excise Duties (CED). The study adopted ex-post facto
research design. The secondary data were obtained from the statistical bulletin
of the Central Bank of Nigeria, 2018 and reports of Federal Inland Revenue
Service (FIRS) for the period of 20 years spanning from 1999 to 2018. The
research employed only quantitative method of data analysis with the use of
correlation and multiple regression analysis. It was discovered that tax
administration reforms in Nigeria has significance on the economy of the
country. Specifically, it was discovered that there was a positive and
significant effect of PPT, CIT and CED on economic growth. Thus, it was
recommended that all taxes should be remitted via e-payment system or via direct
payment to the various tax authorities’ account. This will enhance and support
the cashless economy system introduced recently.
This is an open access
article published under the terms of the Creative
Commons Attribution License, which permits unrestricted
use, distribution, and reproduction in any medium,
provided the original work is properly cited.