EFFECTIVENESS AND EFFICIENCY OF TAX MANAGEMENT IN NIGERIA (A CASE STUDY OF FEDERAL BOARD OF INLAND REVENUE)
ATTENTION:
BEFORE YOU READ THE CHAPTER ONE OF THE PROJECT TOPIC BELOW,
PLEASE READ THE INFORMATION BELOW.THANK YOU!
INFORMATION:
YOU CAN GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL
PROJECT COSTS N5,000 ONLY. THE FULL INFORMATION ON HOW TO PAY AND GET THE
COMPLETE PROJECT IS AT THE BOTTOM OF THIS PAGE. OR YOU CAN CALL: 08068231953,
08168759420
EFFECTIVENESS AND
EFFICIENCY OF TAX MANAGEMENT IN NIGERIA (A CASE STUDY OF FEDERAL BOARD OF
INLAND REVENUE)
ABSTRACT
The primary purpose of this study is to examine the
effectiveness and efficiency of tax management in Nigeria. It focuses mainly on the Federal Board of
Inland Revenue and other related parties namely auditors and corporate tax
payers. The project made use of primary data and secondary data. Primary data
was generated through the administration of 65 questionnaires and 50 out of the
65 questionnaires were returned. Secondary data was collected from journals and
records. Responses from the questionnaires were classified accordingly.
Frequency and contingency tables were constructed and the two hypotheses were
tested using chi square statistics. The study reveals that there is
relationship between effective, efficient tax management and tax fraud. The significance of the study is that the
outcome of the research will serve as a useful guideline to tax administrators,
government and also to tax payers, financial analysts, auditors and company
executives who pay taxes.
TABLE OF CONTENT
TITLE PAGE
Certification
i
Dedication
ii
Acknowledgement
iii
Abstract
iv
Table of content v
CHAPTER ONE
INTRODUCTION
1.1 Background to the
study
1
1.2 Statements of the problems
2
1.3 Purpose of the study
3
1.4 Significance of the study
3
1.5 Research questions
4
1.6 Hypotheses
4
1.7 Scope of the study
5
1.8 Limitation on the study 5
1.9 Definition of terms
6
CHAPTER TWO
LITERATURE REVIEW
2.1 History and functions of Federal Board of Inland
Revenue 8
2.2 Constitution of the board 9
2.3 Power and duties of FBIR
10
2.4 Federal Inland Revenue Department 11
2.5 Functions of Tax Management 14
2.6 Sources of
taxation in Nigeria 28
2.7 Other Forms Of
Tax
29
2.8 Principles of a good tax system 32
2.9 Objective of an efficient tax administration 33
2.10 Problems encountered in the management of tax 33
CHAPTER THREE
RESEARCH METHODOLOGY AND DESIGN
3.1 Introduction
35
3.2. Restatement of research questions 36
3.3 Restatement of research hypothesis 37
3.4 The study population
38
3.5 Sampling technique and size 38
3.6 Research instrument
39
3.7 Method of data collection
40
3.8 Method of data analysis
41
CHAPTER FOUR
PRESENTATION AND ANALYSIS OF DATA
4.1
Introduction
42
4.2 Analysis of
data
42
4.3 Test of
hypotheses
63
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.1
Introduction
72
5.2 Summary 72
5.3 Conclusion
73
5.4
Recommendations
74
REFERENCES
75
APENDIX
77
CHAPTER ONE
INTRODUCTION
1.2 BACKGROUND TO THE
STUDY
Ta x is a compulsory payment made on different bases and
rates by citizens
(Corporate bodies and individual s) to government, non
negotiably but obligatorily.
This payment is not on the basis of direct exchange for the
payment for goods and services. It is non negotiable because none of the
citizens has any direct contribution to the composition of the bases and rates
of payment. Government only classifies the items on which the tax is t o be
paid, and the category of citizens that should be subjected to the payment
(Ariwodola, 2005). The decision is however, based on the cost of the projects
or programmesgovernment intends to execute, which is the principal determinant
of the budget size. Government also judges the basis, rates, the category of
citizens, and the time period to pay the t ax, on the direction of the economy
desired and government’s perception of t he standard ofliving of the citizens.
This is why tax is defined as a tool for government revenue and fiscal policy
tool for directing the economy. Taxes are not paid directly on the basis of
exchange of contract like any other payment except subsidies paid ny the
government. It is paid by any citizen whether or not the citizen benefit from
the government projects or programmes financed by the taxes (Rosen 2004).
Consequently, the usefulness (effectiveness and/or
efficiency) of taxes can be measured by several parameters, some which are its
revenue generating capacity and its impact on the consumption and savings
patterns in the economy. Even if the totality of tax systems cannot be
comprehensively measured, the various types of tax can be subjected to this
measurement in Nigeria, there are at least three types of taxes that are
commonly applied to qualifying citizens and items. These are the personal
income tax, the company income tax, and the value added tax. The assessment of
these forms of tax independently or otherwise becomes more necessary given the
multiplicity of taxes in Nigeria, together with the problems of tax evasion and
avoidance. It is against thisbackground that this study is initiated.
1.2STATEMENT OF THE PROBLEMS
1. Many people are
not aware of the existence and importance of the FIRS in Nigeria. The research
work intends to identify the various taxes being managed by the FIRS and to see
how the body is able to accomplish its objectives through emphasis on human
resources development, staff motivations, professionalism, dedication and
loyalty, accountability and transparency, excellent human relations, information
and effective communication.
2. Question klike
“what type of tax do we adopt and what purpose”, “what benefit are we to expect from it” the identification
of this problem will help to recognize causes, understand how the situation has
come about and what the tax authority should do for deciding alternative course
of action.
1.3 PURPOSE OF THE STUDY
The primary purpose of this study is to examine the
effectiveness and efficiency of tax management in Nigeria.Other purposes
however includes the following:
1. To appraise the
problems, achievement and the impact of tax revenue yield for an individual and
the government.
2. To identify
problems experienced which has led to low revenue from tax
3. To identify ways
to these problems and
4. To identify new
polices and strategies adopted by the government which lead to increased
revenue generation through taxes.
1.4 SIGNIFICANCE OF THE STUDY
1. The significance
of the study is that the outcome of the research will serve as a useful
guideline to tax administrators and the government.
2. The research
work will also be of immense benefit to tax payers, financial analysts,
auditors and company executives who pay taxes.
3. The research
also tends to identify problems experiences by tax payers which have led to low
revenue from tax and provide possible solutions through polices and strategies
that will be adopted by the government in order to increase revene generation
through taxes.
1.5 RESEARCH QUESTIONS
The following research questions will guide the study:
1. What is the
system in use for the collection of tax revenue by tax revenue authorities
2. Is there any
form of receipt issued to the tax payer after payment
3. Are adequate
records and books kept for the purpose of tax computation?
4. Can tax fraud be
committed by the officer or the board in collusion with tax payer?
5. Is there need
for enlightenment programme to be embarked upon by the revenue authorities to
make tax payers aware of their duties to pay regularly and promptly?
1.6 HYPOTHESES
The following hypotheses are tested in the course of the
study:
Hypothesis one
H0: There is no significant relationship between filling of
tax reforms, payment of tax and effectiveness, efficiency of tax management.
H1: There is significant relationship between
filling of tax returns, payment of tax and effectiveness, efficiency of tax
management.
Hypothesis two
H0: There is no significant relationship between effective,
efficient tax management and tax fraud
H1: There is
significant relationship between effective, efficient tax management and tax
fraud
1.7SCOPE OF THE STUDY
The scope of this reaseach work covers the effectiveness and
efficiency of tax mananement in Nigeruia. It also cover the administration and
tax management system in Nigeria. For the purpose of this study, federal board
of inland revenue is used for the generalization of this study.
1.8 LIMITATION ON THE STUDY
The limitations on the study include the following:
1. Revenue officers
were reluctant to giveneeded information when spoken to; some even remain
anonymous complaining that the research work and research topic is a sensitive
issue.
2. Income earners
and tax payers were reluctant a giving information as some of them suspected us
to be agent to the government. Hence attitude of these respondents to some
extent affected the information collection procedure.
3. Restriction on
the subject matter tax management in Nigeria an area with title and in adequate
literature in the form of textbooks and articles.
4. Also data
statistical compilation in the country is nothing to write home about.
1.9 DEFINITION OF TERMS
In the write up are some terms used which are known to only
the economist students therefore, there is need to explain such terms which
include the following:
TAX:A tax is a compulsory levy on economic and commodities by
the government of a particular country through its authorized agencies for the
purpose of earning revenue, which shall be used to meet commitment towards
satisfying the populace.
COMPULSORY LEVY
This means that all the citizens of the country are bound to
pay tax imposed on them by the state.
REVENUE
Revenue to individual is benefits within an accounting period
e.g. wages, rents and so on which taxes are levied by the government of that
state where those individual resides.
Generally revenue can be defined as the amount of money
raised by a state from various sources in order to enable it carry out the
various functions it is called for.
FEES
A fee like a tax is a compulsory contribution but unlike tax,
it is charged for a specific service. There are different types like court
fees, entrance fees. When someone pays a fee he gets service in return.
TAX EFFECT
This refers to the resultant responses and changes in the
economy after imposition on collection of a particular tax.
HOW TO GET THE FULL PROJECT WORK
PLEASE, print the following instructions and information if you
will like to order/buy our complete written material(s).
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount (#5,000) into our bank Account
below, send the following information to
08068231953 or 08168759420
(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) after we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.
FOR MORE INFORMATION, CALL:
08068231953 or 08168759420
AFFILIATE LINKS:
myeasyproject.com.ng
easyprojectmaterials.com
easyprojectmaterials.net.ng
easyprojectsmaterials.net.ng
easyprojectsmaterial.net.ng
easyprojectmaterial.net.ng
projectmaterials.com.ng
googleprojectsng.blogspot.com
myprojectsng.blogspot.com.ng
https://projectmaterialsng.blogspot.com.ng/
Comments
Post a Comment