ABSTRACT
This study was bone out of mirage of problems usually associated with policy implementation in Nigeria especially on taxation.
In recent times, value Added Tax is the most outstanding fiscal policy in Nigeria economic Policy. Bearing in mind the consumption pattern the necessary imposition of tax on luxury goods and of course luxury goods is a matter of choice and taste. This study look at impact of VAT on luxury goods as it affects, revenue collection, consumption pattern, and price of goods in question as it relates to stock.
In view of this, the essentials of this study are bordered on scope of the study, which is centered in Federal Inland Revenue Service Offices at Calabar and Enugu. Data for this for study were obtaining from both from primary and secondary data using questionnaires personal interviews and physical observations the major data collection instruments.
Bases on the made; that there is significant effect of VAT on consumption of luxury goods, that the higher revenue is the result of more registered persons and also that high price leads to high volume of unsold stock of goods in the warehouse of distributors.
The researcher made the following recommendations that more offices of collections should be open to widen scope of collections of VAT, secondly, adequate incentives should be provide to FIRS staff to discourage adding and abetting of registered Redoms for loss of revenue by government.
Thirdly, VAT Tribunal should resume operation to try offenders in order to enforce punitive measures on defaulters.
TABLE OF CONTENT
Pages
Title Page
Approval Page
Acknowledgement
Abstract
Dedication
Table of content
CHAPTER ONE
1.0 Introduction
1.1 Objectives of study
1.2 Significance of the study
1.3 Scope of the study
1.4 Limitation of the study
1.5 Definitions of terms.
CHAPTER TWO
2.0 Definition
2.1 Functions of Value Added Tax
2.2 Problems of Value Added Tax
2.3 Inspection of VAT Authorities
CHAPTER THREE
3.0 Summary of findings, Conclusion and Recommendation.
3.1 Summary
3.2 Conclusion
3.3 Recommendation
3.4 Discussion of Findings
Bibliography.
Disclaimer: Note this academic material is intended as a guide for your academic research work. Do not copy word for word. Note: For Computer or Programming related works, some works might not contain source codes
CITE THIS WORK
(2014, 11). Value Added Tax Implementation In Nigeria, Impact On Consumable Goods.. ProjectStoc.com. Retrieved 11, 2014, from https://projectstoc.com/read/4263/value-added-tax-implementation-in-nigeria-impact-on-consumable-goods-9163
"Value Added Tax Implementation In Nigeria, Impact On Consumable Goods." ProjectStoc.com. 11 2014. 2014. 11 2014 <https://projectstoc.com/read/4263/value-added-tax-implementation-in-nigeria-impact-on-consumable-goods-9163>.
"Value Added Tax Implementation In Nigeria, Impact On Consumable Goods.." ProjectStoc.com. ProjectStoc.com, 11 2014. Web. 11 2014. <https://projectstoc.com/read/4263/value-added-tax-implementation-in-nigeria-impact-on-consumable-goods-9163>.
"Value Added Tax Implementation In Nigeria, Impact On Consumable Goods.." ProjectStoc.com. 11, 2014. Accessed 11, 2014. https://projectstoc.com/read/4263/value-added-tax-implementation-in-nigeria-impact-on-consumable-goods-9163.
- Related Works
- A Study Of Tax Collection And Revenue Mobilization (a Case Study Of Enugu South Local Government Council)
- An Evaluation Of Credit Management And The Incident Of Bad Debt In Nigeria Commercial Bank (case Study Of Union Bank Of Nigeria)
- Taxation As An Instrument Of Economic Development In Nigeria
- Accounting Information And Decision Making (a Case Study Of G. Cappa Plc Garriki Abuja)
- Accounting Procedure In Post Primary Institutions (a Case Study Of Udenu Local Government Area
- Internal Audting – An Instrument Of Control In The Public Sector. (a Case Study Of Abia State Ministry Of Education)
- The Relevance Of Quality Check Management In A Firm
- Cause Of Failure Of Small-scale Industries In Nigeria
- Funding Of Federal Parastatals (a Case Study Of Federal Radio Cooperation Of Nigeria In Enugu State)
- Accounting As An Aid To Internal Control System