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AN ASSESSMENT OF THE EFFECTIVENESS OF VALUE ADDED TAX ADMINISTRATION IN NIGERIA

Format: MS WORD  |  Chapter: 1-5  |  Pages: 79  |  1462 Users found this project useful  |  Price NGN5,000

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AN ASSESSMENT OF THE EFFECTIVENESS OF VALUE ADDED TAX ADMINISTRATION IN NIGERIA

 

ABSTRACT

The purpose of this project is to assess of the effectiveness of value added tax administration in Nigeria. Also, to identify and appraise administration of VAT in Nigeria, highlight the loopholes and suggest solution. From the research carried out, the stuffy reveals that Value Added Tax is an important element in the life of any nation and also that the revenue generated by the government is not only beneficial to them as so many Nigerians thinks but also to the people as it is been used for the effective administration of the country. The research also reveals that the payment of value added tax dues by so many people is always seen with hatred and as much, the practice of tax evasion and avoidance have a negative effect on tax generation. Finally, the study reveals that if more revenue can be generated through taxation, it will lead to an effective administration by the government putting into consideration a true government who is ready to serve the people. Above all this research work recommends that in order for an efficient and effective tax generation and administration, the government should try to put in place provision of more staffs and good welfare for them so as to perform their jobs effectively. It also recommends that a good habit of administration should be inculcated by the government in order to gear the citizens to pay tax.

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AN ASSESSMENT OF THE EFFECTIVENESS OF VALUE ADDED TAX ADMINISTRATION IN NIGERIA

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