MBA MSC Essay and Assignment Writing Services

MSc & MBA Thesis, Assignment / Essay Writing

Full Project- COMPARATIVE ANALYSIS OF VALUE ADDED TAX REVENUE AMONG DIFFERENT SECTOR IN NIGERIA.

Full Project-COMPARATIVE ANALYSIS OF VALUE ADDED TAX REVENUE AMONG DIFFERENT SECTOR IN NIGERIA: CASE STUDY OF FEDERAL INLAND REVENUE LAGOS STATE

Click here to Get this Complete Project Chapter 1-5

CHAPTER ONE

INTRODUCTION

1.1  BACKGROUND OF THE STUDY

According to Oserogho and Associates as quoted by Adereli, Sannid Adesina (2011), VAT is a consumption tax levied at each stage of the consumption chain and borne by the final consumer of the product or service. Each person is required to change and collect VAT at a flat rate of 50% on all invoice amount on all goods and services not exempted from paying VAT, under the Value Added Tax Act 193 as amended. Where the VAT collected on behalf of the government (output VAT) in a particular month is more than the VAT paid to other persons (input VAT) in the same month, the difference is required to be remitted to the government, on a monthly basis by the taxable person where the reverse is the case, the tax payer is entitled to a refund of the excess VAT paid or more practically to receive a tax credit of the excess VAT from the government. All exports are zero rated for VAT, i.e. no VAT is payable on exports. Also VAT is payable in the currently of the transaction under which goods and services or services are exchanged. The precedence for the introduction of VAT in Nigeria was based on the fact that taxation as an instrument of fiscal policy is vital in generating revenue to finance the activities of government, redistribute income, stabilize the economy as well as stimulate growth and development. The research intends to investigate the performance of different sectors in the Nigerian economy in contributing to VAT revenue using Lagos State Federal Inland Revenue as a case study.
1.2  STATEMENT OF THE PROBLEM
VAT was introduced to contribute to economic growth of the nation by providing revenue to government to accelerate development. However, this goods is still far from being achieved sector contributions to VAT revenue is pivoted to providing the needed revenue to government to impact on economic growth. Hence, the problem confronting this research is to provide a comparative analysis of Value Added Tax Revenue among different sectors in Nigeria with a case study of Federal Inland Revenue Service of Lagos State.
1.3   Research Questions
1. What is the nature of tax and its significance?
2. What is the nature of value Added Tax?
3. What are the sectoral contributions of Value Added Tax Revenue?
4. What constitute the sectoral analysis of VAT in Lagos State?
1.4  OBJECTIVE OF THE STUDY
1. To determine the nature and significance of tax
2. To appraise the nature of Value Added Tax and the significance
3. To determine the sectoral contributions of Value Added Tax revenue in Lagos State.
1.5  SIGNIFICANCE OF THE STUDY
1. The Study shall provide sectoral analysis of contributions of Value Added Tax with a view to providing measures and policies to maximizes Value Added Tax revenue in Nigeria
2. The study shall serve as reference point of information for economist, accountants, managers and government on issues regards Value Added Tax Revenue in Nigeria.
1.6  STATEMENT OF HYPOTHESIS
1. H0 VAT is not significant to economic growth in Nigeria
H1 VAT is significant to economic Growth in Nigeria
2. H0 The impact of VAT on government Revenue is low
H1 The impact of VAT on government Revenue is High
3. H0 Sectoral contributions to VAT in Lagos State is low
H1 Sectoral contributions to VAT in Lagos State is high
1.7  SCOPE OF THE STUDY
The study focuses on the comparative analysis of value added tax revenue among different sectors in Nigeria with a case study of Federal Inland Revenue of Lagos State.
1.8  DEFINITION OF TERMS
Definition of VAT VAT is a consumption tax levied at each stage of the consumption chain and borne by the final consumer of the product or service. Oserogho and Associates (2011).

Get the Complete Project

This is a premium project material and the complete research project plus questionnaires and references can be gotten at an affordable rate of N3,000 for Nigerian clients and $8 for International clients.

Click here to Get this Complete Project Chapter 1-5

 

 

 

 

 

You can also check other Research Project here:

1, Accounting Research Project

  1. Adult Education
  2. Agricultural Science
  3. Banking & Finance
  4. Biblical Theology & CRS
  5. Biblical Theology and CRS
  6. Biology Education
  7. Business Administration
  8. Computer Engineering Project
  9. Computer Science 2
  10. Criminology Research Project
  11. Early Childhood Education
  12. Economic Education
  13. Education Research Project
  14. Educational Administration and Planning Research Project
  15. English
  16. English Education
  17. Entrepreneurship
  18. Environmental Sciences Research Project
  19. Guidance and Counselling Research Project
  20. History Education
  21. Human Kinetics and Health Education
  22. Management
  23. Maritime and Transportation
  24. Marketing
  25. Marketing Research Project 2
  26. Mass Communication
  27. Mathematics Education
  28. Medical Biochemistry Project
  29. Organizational Behaviour
  30. Other Projects
  31. Political Science
  32. Psychology
  33. Public Administration
  34. Public Health Research Project
  35. More Research Project
  36. Transportation Management
  37. Nursing

 

 

Need a Project Writer for a Different Topic