ABSTRACT
This research work aims at evaluating the role and significance of the Value Added Tax (VAT) Act in Revenue Generation in Nigeria. This examines the role played by the Value Added Tax as one of the source of government‟s revenue. It also assesses the fact whether it has achieved the essence of its introduction. In this research doctrinal method of research was adopted in discussing the subject matter. This work delved into the legal framework of value added tax in Nigeria. The institutional structures for the administration of Value Added Tax were analysed with the aim to assessing their efficacy in revenue generation. It also took a cursory look at the assessment procedure of Value Added Tax. It was discovered in the course of the research that the law in Nigeria on VAT is faced with the problem of absolute tax practices, whereby taxes overlap, so that a single transaction may be subjected to a series of taxes e.g VAT on imported goods and Excise and Custom duty. The work found out that the punitive measures under the taxing law is not for deterrence but aimed at extinguishing small scale enterprises. The work recommended that the National Assembly should review the punishments in the Value Added Tax Act to accommodate it basic reasons which are reformation and deterrence. The punitive measures should aim at reforming the vatable persons to ensure voluntary tax compliance than pushing them out of the business. This work shall be of immense benefit to students of law, legal practitioners, legislators, academia and judges.
ABSTRACT
This study focused on water allocation for different purposes in Tiga dam, using WEAP model to carry out analysis of the hydrolo...
ABSTRACT
This research is based on the effect of inadequate infrastructural facilities on the academic performance of pu...
ABSTRACT
The study examined the impact of monetary policy in stabilizing the Nigeria economy. In the model specified inflation is the reg...
ABSTRACT
The child abuse menace is as old as the birth of the first child, until very recently child maltreatment has ne...
Abstract
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EXCERPT FROM THE STUDY
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EXCERPT FROM THE STUDY
Lawsha and Hussain (2011) conducted a study on the secondary students’ attitude towards mat...
ABSTRACT
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Background to the Study
Economic growth plays a key role in industrial innovation (Malatyali, 2016). Th...
Abstract
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