At the end of the research, it was discovered that the prospects for e taxation in nigeria are high. Etaxationdata base development the introduction of internet tax payment known as epayment via the firs portal has been introduced for tax payers thereby making all forms of tax payment less cumbersome, more efficient and also eliminating errors due to manual process of tax collection. Design and development of an etaxation system onuiri ernest e. The etax system offers electronicregistration, filing and payment, as well aseducation and information to taxpayers. This is in spite of the fact that ignorance is not an excuse of the law. This means that the researcher will not offer any gift or monetary incentives. This paper attempts to look at the implementation of egovernance in nigeria, in relation to etaxation in lagos state. Surveyresearch design was adopted using astructured five point likertscaledquestionnaire to obtain data. The imposition of taxes and the institution of taxing is as old as civilization itself cutting across religion, race and continental borders. World bank and pwc 2015 3 paying taxes survey in 2005 revealed that taxpayers are able to file tax returns electronically in about 45% of the countries that were surveyed. From correlation, time series and multivariable regression analyses of. Specifically, the study assessed the effect of etaxation on company income tax cit and value added tax vat.
Research reveals that the adoption of e taxation in some countries has increased tax compliance amongst taxpayers. Overview environmental challenges are increasing the pressure on governments to find ways to reduce environmental damage while minimising harm to economic growth. The primary purpose of taxation is to raise revenue to meet huge public expenditure. At the end of the research, it was discovered that the prospects for etaxation in nigeria are high. To examine the effect of etaxation on tax revenue generation in anambra state. The nigerian tax system has undergone several reforms geared at enhancing tax collection and administration with minimal enforcement cost. Specifically, the study assessed the effect of e taxation on company income tax cit and value added tax vat. The nigeria national tax policy ntp sets as one of the main objectives, the elimination of bottlenecks and leakages in nigeria s tax system. Impact of epayment of tax on tax compliance in nigeria anju singh school of economics, jawahar lal university, new delhi 110067 this paper examines the impact of epayment of tax on tax compliance in nigeria. Given that the purpose of introducing electronic tax system is to improve revenue collection which will in turn improve the countrys economic growth, the. With etaxation, taxpayers can conveniently pay their taxes electronically from the comfort of their homes, offices, shops and even while travelling. Environmental taxation a guide for policy makers this guide is based on the oecd. The main objective of this study is to assess the effect of e taxation on revenue generation in anambra state.
Revenue generation in nigeria through etaxation a study of. Etax a solution to traditional tax system in nigeria afe babalola. Tax compliance barriers and internally generated revenue in. Broadly, the study focused on tax revenue and economic growth in nigeria. The nigeria national tax policy ntp sets as one of the main objectives, the elimination of bottlenecks and leakages in nigerias tax system. The influence of etax system on tax administration and.
With etaxation, can taxpayers conveniently their pay from electronically. Impact of epayment of tax on tax compliance in nigeria. The views expressed in this paper are those of the author and do not necessarily reflect the opinions of itu or its membership. This study examined the impact of etaxation on nigerias revenue and economic growth.
The study examined the effect of e taxation adoption on revenue generation in nigeria. Use the lead layout guide to ensure the section follows wikipedia s norms and to be inclusive of all essential details. In 2004 malaysias inland revenue board irb launched e. Findings showed that etaxation can enhance internally generated revenue and can reduce the issue of tax evasion.
Revenue generation in nigeria through etaxation a study. It is a federal tax which is managed by the federal inland revenue service firs. Etaxation adoption and revenue generation in nigeria. Given that the purpose of introducing electronic tax system is to improve revenue collection which will in turn improve the countrys economic growth, the study empirically examined how the implementation of e taxation in 2015 has affected tax revenue, federally collected revenue and taxtogdp ratio.
Etaxation payment system is an online tax filling system carried out voluntarily by. At a time nigeria is grappling with the vicissitudes of a monoculture economy the harshness and unsalutary e. List of accounting project topics and materials pdf. Taxation is the system by which a government takes money from people and spends it on. Taxation has not contributed significantly to the steady growth in gross domestic product in nigeria. The mediating role of adoption of an electronic tax system. Taxation and tax policy as government strategy tools for. Impact of etaxation on nigerias revenue and economic. This system is meant to reduce physical interaction between tax payers and the firs. Truly speaking, in the modern world, taxation is used as an instrument of economic policy. Tax was user manual friendly, itax system was reliable and that itax was not. This study will cover the process of etaxation in nigeria.
Originalityvalue this is the first empirical study on the effect of e taxation on revenue generation in the selected states of nigeria anambra, enugu and akwaibom states and the study equally make contribution to existing literatures. Impact of etaxation on nigeria s revenue and economic growth. Ng is an academic website built in nigeria that is registered with the corporate affairs commission cac. Nigeria abstract tax is any form charge levied on a person or an institution by a governing body or its equivalent such that defaulted payment is punishable. Pic pdf tax revenue and economic growth of nigeria. The e tax system offers electronicregistration, filing and payment, as well aseducation and information to taxpayers. Nigeria, the respondents were drawn from 30 tax executives from 30 quoted companies in. Browse and read free research project topics and materials. List of accounting project topics and materials pdf edustore. From the above empirical studies, the researcher believes that proper tax data or database if put in place, will enhance revenue generation among smes in nigeria.
The role of information and communication technologies cucen2017 88 egovernance, revenue generation and public service delivery in nigeria. Faroun fikayo erhinyeme ogheneovo jegede ayodeji department of computer science, babcock university, ilishanremo, ogun state. Findings showed that e taxation can enhance internally generated revenue and can reduce the issue of tax evasion. The purpose of this paper is to examine the mediating effect of adoption of electronic tax system in the relationship between attitude towards electronic tax system and tax compliance using evidence from small business enterprises sbes of an african developing economy. In other words, taxation policy has some nonrevenue objectives. Please discuss this issue on the articles talk page. Governments use taxation to encourage or discourage certain economic decisions.
Given that the purpose of introducing electronic tax system is to improve revenue collection which will in turn improve the countrys economic growth, the study empirically examined how the implementation of etaxation in 2015 has affected tax revenue, federally collected revenue and taxtogdp ratio. Tax compliance barriers and internally generated revenue. The views expressed in this paper are those of the author and do not necessarily reflect the opinions of itu or. Given that the purpose of introducing electronic tax system is to improve. To examine the effect of e taxation on tax revenue generation in anambra state. Department of accounting, benue state university, makurdi, nigeria. Effect of etax payment on revenue generation in nigeria 1. Taxation definition and meaning collins english dictionary.
Originalityvalue this is the first empirical study on the effect of etaxation on revenue generation in the selected states of nigeria anambra, enugu and akwaibom states and the study equally make contribution to existing literatures. Specifically, the study intends to achieve the followings. Ofurum et al impact of etaxation on nigerias revenue and economic growth. The recent reforms include the introduction of tin. Expo facto research design was adopted and data were sourced from federal inland revenue service. Nigeria tax system is historical odusola, 2006 dates back to 1904 when the personal income tax was introduced in northern nigeria before the amalgamation, through the native revenue ordinances 1917 the west, the direct taxation ordinance no. In nigeria, the federal and state boards of inland revenue were responsible for overall administration of the tax in the federal and state governments respectively. The study examined the effect of etaxation adoption on revenue generation in nigeria. The project topic home for mba, msc, bsc, pgd, phd final year student.
Tax is any form charge levied on a person or an institution by a governing body or its equivalent such that defaulted payment is punishable by law. The impact of taxation on revenue generation in nigeria. Prompt tax payment and reduced tax evasion is always a primary objective of the government in most. Nigeria joined the bandwagon of the e governance drive in year 2000, when the government realized the need to adopt e governance to improve public service delivery. Tax types in nigeria is what many nigerians are not aware of. Prospects and impacts of electronic taxation in a developing economy like nigeria. The main objective of this study is to assess the effect of etaxation on revenue generation in anambra state. The lead section of this article may need to be rewritten.
The law and practice of electronic taxation in nigeria. Abstract this study examined the impact of etaxation on nigerias revenue and economic growth. Taxation and revenue generation in nigeria local government. Full project the effect of etaxation on government. As an individual or a business in nigeria, you are liable to the payment of any tax and you fail to pay it, ignorance of the law cannot be used as a genuine excuse for such act of omission. A study of federal capital territory and selected states 23 research centre for management and social studies selected states in nigeria and to identify the use of taxation to promote economic growth and development in fct and in some selected states in nigeria.
Impact of etaxation on nigerias revenue and economic growth. Pdf impact of etaxation on nigerias revenue and economic. Value added tax vat in nigeria is a consumption tax that was instated by the value added tax act of 1993. Design and development of an e taxation system onuiri ernest e. Tax authorities on the other hand, can now go after tax defaulters with the electronic tax history of taxpayers on their. Our primary objective is to assist and guide final year students with well researched and quality project topics, project works, research guides, and project materials, at a very reduced and affordable price. Nigeria joined the bandwagon of the egovernance drive in year 2000, when the government realized the need to adopt egovernance to improve public service delivery. Electronic taxation etaxation and its automated processes are gradually phasing out manual tax administration globally.
A means by which governments finance their expenditure by imposing charges on citizens and corporate entities. For example, reduction in taxable personal or household income by the amount paid as interest on home mortgage loans results in greater. Thus, it imposes a duty on the tax authorities state, federal and local to identify all such avenues for leakages in the nigeria. Most governmental activities must be financed by taxation. It equally recommends further studies on the issue of jurisdiction in taxing online trading. The scope of the study was limited to tax revenue generated by the federal government of nigeria and tax revenue generated by some selected states in nigeria from 20022011. Administration of the tax 1 the tax shall be administered and managed by the federal board of lnland revenue in this act referred to as the board.
Impact of electronic taxation on tax evasion and avoidance a. Hence the aim of this study is to evaluate the benefits of etax and. Impact of electronic taxation on tax evasion and avoidance. Download complete project materials on taxation and revenue generation in nigeria local government administration from chapter one to chapter five with references taxation is seen a source of revenue generation with a particular view of asa local government, before now it is fact that lots of research has been carried out with regard to activities of the local government many problems which. Top twelve islamic banking finance e taxation in nigeria. The influence of etax system on tax administration and tax. This study examines the influence of anelectronic system of taxation on taxadministration efficiency and tax revenuegeneration in lagos state, nigeria. In nigeria etax payment system was introduced in 2015 by the federal. December 2017 learn how and when to remove this template messagelearn how and when to remove this template message. Taxation and economic growth in nigeria onakoya, adegbemi babatunde1 afintinni, oluwatobi ibukun2 1,2department of economics, banking and finance, babcock university, ilishan remo, nigeria abstract over several decades, taxation has been taken as a veritable medium of engineering the growth or performance of an economy. It will as well cover the activities of the tax collection and enforcement officers. Department of accounting, kogi state university, anyigba, nigeria.
Selfassessment, electronictaxation payment system and. World bank and pwc 2015 3 paying taxes survey in 2005 revealed that taxpayers are able to file tax returns electronically in about 45% of the countries. This paper attempts to look at the implementation of e governance in nigeria, in relation to e taxation in lagos state. Thus, it imposes a duty on the tax authorities state, federal and local to identify all such avenues for leakages in the nigeria tax system and to minimize or eradiate these leakages. They are to ensure the effective and optimum collection of. Vat is charged on most goods and services provides in nigeria and also on goods imported into nigeria.
Full project the effect of etaxation on government revenue. This study examined the impact of e taxation on nigeria s revenue and economic growth. Okafor 2012 on revenue generation in nigeria through e. Problems and prospects of taxation in nigeria politics.
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