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  Int. Res. J. Account. Taxation.

  1(1): 011-029, January 2020 

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International Research Journal of Accounting and Taxation , Vol. 1(1), pp  011-029 January 2020

doi:1014412/IRJAT2020.029

(ISSN 2315-5790) 2020 Science Park Journals

Full Length Research Paper

 

 

Effect of Tax Administration and Reforms in Nigeria.

 

Osho, Augustine E*. Wahab, Akeem Olayinka and Dare Comfort Tinuola

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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.

 

 

 Abstract

 

This study 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.

                     Keywords: Economic Growth, Taxation, Tax Administration, Tax Reform, Value Added Tax

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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.

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