ABSTRACT
Tax policy administration and implementation have been a great problem to the third world countries, which Nigeria is one. This research work, “income tax administration in Abia State, a critical evaluation of the problems and prospects. Thereafter, suggests ways of minimizing the effects of the following problems. Avoidance and evasion of tax, waiting the taxpayers, initial tax payer compliance, resolution of controversies between tax payer and tax officials and collecting of taxes etc.
These problems have affect on the income tax revenue base of the government, which will in its totality have adverse effect on its capital expenditure. To enable the researcher find solution to the problem of this study, some questions were raised in form of hypothesis, which was developed into null and alternative hypothesis.
H0: There is no relationship between income tax revenue and government capital expenditure.
H1: There is a relationship between revenue from income tax and government capital expenditure.
H0: No relationship exists between revenue generated from income tax and the government recurrent expenditure.
H1: There exist a relationship between revenue generated from income tax and the recurrent expenditure of the government.
H0: There is no problem confronting tax administration.
H1: There are problems confronting tax administration.
As a result of detailed analysis, the study has revealed so many important phenomena in revenue generation in this state which in-adequacy of staff, inefficiency and ineffectiveness of tax assessment authorities due to heavy work load, miss appropriation of collected funds just to mentions but a few.
The method of data collection was through primary and secondary sources. The secondary source, which involves the analysis of vital documentations available at the state library ministry of finance and board of internal revenue. Data collected were analyzed by simple Pearson’s correlation co-efficient and chi-square.
With respect to the research findings, the following recommendation are made to a successful use of improved income tax administrations to enhance development.
- Government should provide conductive working environment for the tax authorities and also adequate funding and provision of operational facilities.
- A high standard of literacy among taxpayers.
- The absence of political influence to tax measures.
- Prevalence of accounting records honestly and reliably maintained.
TABLE OF CONTENTS
Cover page
Title page
Certification
Dedication
Acknowledgement
Abstract
Table of contents
CHAPTER ONE:
INTRODUCTION
1.1 Background of the study
1.2 Organization of the study
1.3 Statement of the problem
1.4 Purpose of the study
1.5 Research question
1.6 Research hypothesis
1.7 Scope and limitation of the study
1.8 Significance of the study
1.9 Definition of terms
CHAPTER TWO:
LITERATURE REVIEW
2.1 Development of income taxation in Nigeria
2.2 Taxation
2.3 Tax administration and policy in Nigeria
2.4 Income tax administration in Abia State
2.5 The problem of income tax administration in Abia State
2.6 Income tax policy and administration
2.7 Prospects of income tax administration in Abia State
2.8 Income tax administration, revenue yield and economic development in Abia State.
2.9 Objective of income taxation
2.10 Qualities of a good system of taxation
2.11 Effect of taxation
2.12 Classification of taxes
2.13 Why tax
2.14 Fiscal policy
2.15 The instruments of fiscal policy
2.16 The goals of fiscal policy
2.17 Types of fiscal policy
2.18 Techniques of fiscal policy
CHAPTER THREE:
RESEARCH METHODOLOGY
3.1 Research design
3.2 Selection of data
3.3 Collection of data
3.4 Sampling design
3.5 Data analysis techniques
3.6 Problem of data collection
CHAPTER FOUR:
PRESENTATION ANALYSIS AND INTERPRETATION OF DATA
4.1 Presentation and analysis of data
4.2 Analysis of data
4.3 Testing and proving of hypothesis
CHAPTER FIVE:
SUMMARY, CONCLUSION AND RECOMMENDATION
5.1 Summary
5.2 Conclusion
5.3 Suggestions of further research
Bibliography
Appendices
Appendix A: Letter of introduction
B: Letter to the respondents questionnaire
C: Statistical computation.
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, 12). Income Tax Administration In Abia State. A Critical Evaluation Of Problems And Prospects. (a Case Study Of Board Of Internal Revenue Umuahia).. ProjectStoc.com. Retrieved 12, 2014, from https://projectstoc.com/read/5684/income-tax-administration-in-abia-state-a-critical-evaluation-of-problems-and-prospects-a-case-study-of-board-of-internal-revenue-umuahia-7871
"Income Tax Administration In Abia State. A Critical Evaluation Of Problems And Prospects. (a Case Study Of Board Of Internal Revenue Umuahia)." ProjectStoc.com. 12 2014. 2014. 12 2014 <https://projectstoc.com/read/5684/income-tax-administration-in-abia-state-a-critical-evaluation-of-problems-and-prospects-a-case-study-of-board-of-internal-revenue-umuahia-7871>.
"Income Tax Administration In Abia State. A Critical Evaluation Of Problems And Prospects. (a Case Study Of Board Of Internal Revenue Umuahia).." ProjectStoc.com. ProjectStoc.com, 12 2014. Web. 12 2014. <https://projectstoc.com/read/5684/income-tax-administration-in-abia-state-a-critical-evaluation-of-problems-and-prospects-a-case-study-of-board-of-internal-revenue-umuahia-7871>.
"Income Tax Administration In Abia State. A Critical Evaluation Of Problems And Prospects. (a Case Study Of Board Of Internal Revenue Umuahia).." ProjectStoc.com. 12, 2014. Accessed 12, 2014. https://projectstoc.com/read/5684/income-tax-administration-in-abia-state-a-critical-evaluation-of-problems-and-prospects-a-case-study-of-board-of-internal-revenue-umuahia-7871.
- Related Works
- The Role Of Mergers And Acquisition In Financial Management In Nigeria
- Problems Of Money Transmission In Nigerian Banks A Case Study Of United Bank For Africa Plc
- An Appraisal Of The Internal Control System In Commercial Banks In Nigeria
- Financial Control And Accountability In Public Sector Organization
- Auditing As An Aid To Accountability A Case Study Of Power Holding Company Nigeria
- The Role Of Insurance Companies In The Development Of Nigerian Economy
- Internal Audit As A Tool In Archiving The Organizational Objective (a Case Study Of Afri Bank Nigerian Plc)
- Accounting Problems Of Public Enterprises In Enugu State
- The Usefulness Of Financial Statements In Assessing The Performance Of Companies And In Guiding Investment Decisions
- The Impact Of Different Methods Of Depreciation On The Profitability Of A Company (a Case Study Of Anammco Motor Enugu State)