EVALUATION OF NIGERIA SYSTEM, EMPHASIS ON VALUE ADDED TAX – STUDY OF FEDERAL BOARD OF INLAND REVENUE (FBIR)

Abstract

This study is carried out with the aim of evaluating Nigeria tax system with special emphasis on value added tax – study of Federal Board of Inland Revenue (FIBR).

It began with the history and development of Nigeria tax system right from its introduction between 1804 and 1810 and went through the fields of various tax It main purpose its to find out which tax system s good for Nigeria especially when compared to sales tax.

There is no gainsaying the fact that the study no problem. For instance the research discovered that (VAT) administration is solely the work of Federal Board of Inland Revenue.

The objective of research are various, amongst them: - to ensure that there is a minimal tax evasion and avoidance: that the replacement of sales tax with VAT is on the right direction and assess the revenue collectible from Vat.

In the light of the above some hypothesis were propounded and they are: who bears the incidence of tax, whether VAT reduces tax evasion and avoidance, whether it affects negatively the demand for products, and if VAT has justified its introduction. The result from the analysis reveals that VAT is a suitable tax system in Nigeria.

Consequent upon result from the study carried out, it is recommended that VAT should be allowed to stay, it is indeed a force to reckon with in Nigeria tax system.

TABLE OF CONTENT

Preface Page

Acknowledgements -------i

Abstract ---------ii

List of table --------iii

CHAPTER ONE:

1.0Overview of study

1.1Introduction

1.2Statement of problem

1.3Objectives of the study

1.4Hypotheses

1.5Scope and limitation of the study

1.6Significance of the study

1.7Definition of terms

CHAPTER TWO:

2.0Review of related literature

2.1Objectives for the imposition of VAT

2.2The origin and history of VAT

2.3Administration of VAT in Nigeria

2.4The basic structure of vat, administration

2.5Methods of computing vat

2.6Accounting of vat

2.7Inspection of vat operations

2.8Vat and sales tax compared

2.9Economic stabilization of vat

CHAPTER THREE:

3.0Research Design and methodology

3.1Population

3.2Sample selection

3.3Description of instrument used in data collection ‘

3.4Questionnaire distribution and collection

3.5Other sources of data

3.6Procedure of data analysis

CHAPTER FOUR:

4.0Data presentation analysis and interpretation

4.1Presentation and analysis of data

4.2Testing of Hypothesis

CHAPTER FIVE:

5.0Summary of finding, Conclusion and Recommendation

5.1Summary of findings

5.2Conclusion

5.3Recommendations

Appendix

Questionnaire

Bibliography

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APA

Kings, S. (2018). EVALUATION OF NIGERIA SYSTEM, EMPHASIS ON VALUE ADDED TAX – STUDY OF FEDERAL BOARD OF INLAND REVENUE (FBIR). Afribary. Retrieved from https://tracking.afribary.com/works/evaluation-of-nigeria-system-emphasis-on-value-added-tax-ndash-study-of-federal-board-of-inland-revenue-fbir-8419

MLA 8th

Kings, Solomon "EVALUATION OF NIGERIA SYSTEM, EMPHASIS ON VALUE ADDED TAX – STUDY OF FEDERAL BOARD OF INLAND REVENUE (FBIR)" Afribary. Afribary, 29 Jan. 2018, https://tracking.afribary.com/works/evaluation-of-nigeria-system-emphasis-on-value-added-tax-ndash-study-of-federal-board-of-inland-revenue-fbir-8419. Accessed 20 Apr. 2025.

MLA7

Kings, Solomon . "EVALUATION OF NIGERIA SYSTEM, EMPHASIS ON VALUE ADDED TAX – STUDY OF FEDERAL BOARD OF INLAND REVENUE (FBIR)". Afribary, Afribary, 29 Jan. 2018. Web. 20 Apr. 2025. < https://tracking.afribary.com/works/evaluation-of-nigeria-system-emphasis-on-value-added-tax-ndash-study-of-federal-board-of-inland-revenue-fbir-8419 >.

Chicago

Kings, Solomon . "EVALUATION OF NIGERIA SYSTEM, EMPHASIS ON VALUE ADDED TAX – STUDY OF FEDERAL BOARD OF INLAND REVENUE (FBIR)" Afribary (2018). Accessed April 20, 2025. https://tracking.afribary.com/works/evaluation-of-nigeria-system-emphasis-on-value-added-tax-ndash-study-of-federal-board-of-inland-revenue-fbir-8419

EVALUATION OF NIGERIA SYSTEM, EMPHASIS ON VALUE ADDED TAX – STUDY OF FEDERAL BOARD OF INLAND REVENUE (FBIR)

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