PERSONAL INCOME TAX ADMINISTRATION IN NIGERIA, PROBLEM AND PROSPECT

ABSTRACT
          This research had evaluated Personal Income Tax Administration in Nigeria, Problem and Prospect.
The research work make used of both primary and secondary method
of data collection. Questionnaire and observation were used for collecting primary data while yearly summary of revenue performance for Ekiti State of Nigeria was used as the secondary data.
The methods used for analyzing the collected data for this study were comparative analysis, simple percentage and chi-square.
The population for this study were fifteen (15) staffs from the entire staff of Personal Income Tax Department and ICT and Planning Department of Ekiti State Internal Revenue Board at Ado-Ekiti. The sampling was randomly selected. The sample size chosen comprises of ten (10) staffs of the two departments.
The findings indicate that, while some Personal Income Tax payers avoid tax payment others display technicality in reducing tax payable. The conclusion shows that an average of 77.57% of tax was from Personal Income Tax and an average 76.38% of tax was from PAYE. There is high return from Personal Income Tax because P.A.Y.E is difficult to evade but the contribution from Direct Assessment is minute.
Based on the findings, it is  recommendations that the board should continually train its staffs and agents to minimize tax avoidance and evasion and enlighten the public on tax policies and law from time to time.




TABLE OF CONTENTS
Title Page                                                                                i
Certification                                                                            ii
Dedication                                                                               iii
Acknowledgement                                                                   iv
Abstract                                                                                  v
Table of Contents                                                                    vi
CHAPTER ONE: INTRODUCTION                                  
1.1            Background of the Study                                                        1
1.2            Statement of the Problem                                                        6
1.3            Research Question                                                         6
1.4            Significance of the Study                                                         7
1.5            Purposes of the Study                                                   7
1.6            Research Hypothesis                                                     8
1.7            Scope and Limitation of the Study                                9
1.8            Definition of Terms                                                       10


CHAPTER TWO: LITERATURE REVIEW                               
2.1     Introduction                                                                            13
2.1.1    Meaning and Purpose of Taxation                                 13
2.2           History of Taxation in Nigeria                                        15
2.3           Types of Taxes                                                              18
2.4           Classification of Taxes                                                   24
2.5           Principles of a Good Tax System                                   25
2.6           Purpose of Taxation in Nigeria                                                27
2.7           Administration of Personal Income Tax in Nigeria                  28
2.8           Ascertainment of Income                                               34
2.9           Procedure for Assessing Personal Income
         Tax in Nigeria                                                                38
2.10      Income Tax Relief                                                          44
2.11      Tax Avoidance and Tax Evasion                                   49
2.12      Problem of Personal Income Tax
Administration in Nigeria                                                        49



CHAPTER THREE: RESEARCH METHOD
3.1         Research Design                                                            51
3.2         Sampling Size and Sampling Technique                        52
3.3            Method of Data Collection                                            52
3.4            Research Instrument                                                      54
3.5            Method of Data Analysis                                                        54
3.6            Limitations of the Methodology                                              55
CHAPTER FOUR: DATA PRESENTATION, ANALYSIS AND INTERPRETATION       
4.1     Data Presentation                                                                    56
4.2     Data Analysis                                                                56
4.3     Analysis of Primary Data                                                        57
4.4     Analysis of Response to the Questionnaires
and Test of Hypothesis                                                 69



CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION
5.1     Summary of Findings                                                    78
5.2     Conclusion                                                                     79
5.3     Recommendations                                                                   79
          Biobliogrpay                                                                  82
          Appendix (Questionnaire)                                             84


Reactions

You may like these posts

Post a Comment

0 Comments