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CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY The performance of any local government is subject of the availability of adequate funds, which it can generate and use to finance its even increasing responsibilities. In the recent time local government has…
CHAPTER ONE INTRODUCTION 1.1 Background of the study According to Black Law Dictionary, tax is a rateable portion of the produce of the property and labor of the individual citizens, taken by the nation, in the exercise of its sovereign…
ABSTRACT The Nigeria tax system had its share in terms of being adequately mobilized for an increased revenue and fiscal actions. The State tax revenue is no exemption or Exception to the fact that the revenue generating ability is grossly inadequate to…
CHAPTER ONE INTRODUCTION 1.1 Background to the Study According to Jensen (2006), an agency relationship is a contract under which one or more persons (principal) engages another person (the agent) to perform some services on their behalf which involves delegating…
ABSTRACT The level of revenue generated in the state has been in a declining form due to poor administration and collections of taxes and lack of proper return of accounts. These are the negative effects that affect government revenue generation…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY In recent times, there has been the urge for tax authorities in Nigeria to carry out spontaneous and sporadic tax audits and investigations on taxpayers, especially corporate bodies, suspected of tax evasion…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Every known society (ancient or modern) prides its development and progress on the amount of wealth it could generate sustain and multiply for effective social, economic and political development. Sometimes, leaders are…
CHAPTER ONE INTRODUCTION 1.1 Background of the Study Internally Generated Revenue (IGR) is the revenue that the local government generates within the area of its jurisdiction. The primary source of local government sustenance is from Federal Allocation. It is the…
REVIEW OF RELATED LITERATURE The accounting and administrative system of an entity may be simple, or they may be massive and complex. Independent public accountants; internal auditor, managers will be required to make periodic studies of the accounting and internal…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY According to Oserogho and Associates as quoted by Adereli, Sannid Adesina (2011), VAT is a consumption tax levied at each stage of the consumption chain and borne by the final consumer of…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY International Financial Reporting Standards (IFRS) can be said to be a set of international accounting standards(IAS) that states how transactions and other events should be reported in financial statements. IFRS are issued by the International…
CHAPTER ONE INTRODUCTION 1.1 Background To The Study Taxation is very fundamental to sustainable development and the growth of emerging economies especially where natural resources are relatively scarce. Tax incentives are basically designed to attract new investment into the country…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The study of Local Government in Nigeria is traceable to the traditional political system in the country local government administration. It was through the instrumentalists of tradition authorities. By this is meant…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY To highlight some significant event and developments in response to a review of Nigeria experience as a nation state, it is intellectual to present a brief survey of the part to understand…
ABSTRACT The first need of any modern government is to generate enough revenue which is indeed the breath of its nostril, Financial management in the content of local administration is the discipline on the part of the leadership, management and…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Internally Generated Revenue (IGR) is the revenue that state governments generate within the areas of their jurisdiction. The various sources of internal revenue available to state governments includes taxes, fines and fees,…
MANAGEMENT OF NIGERIA TAX SYSTEM IN THE GENERATION OF REVENUE FOR DEVELOPMENT PURPOSE CHAPTER ONE 1.1 INTRODUCTION A statesman and philosopher “Benjamin Franklin” observed that “in this world nothing is certain but death and tax are certain.” Our ancestor spontaneously…
TAXATION AS A MAJOR SOURCE OF REVENUE IN NIGERIA CHAPTER ONE 1.0 Introduction 1.1 Background to the Study Taxation is seen as a burden which every citizen must bear to sustain his or her government because the government has certain functions to perform…
THE ANALYSIS OF EFFECTIVENESS OF VALUE ADDED TAX (VAT) IN FEDERAL GOVERNMENT REVENUE GENERATION AXATION AS A MAJOR SOURCE OF REVENUE IN NIGERIA ABSTRACT The federal government being a non‑profit oriented organization generates its revenue through various sources. These1hources include:…
THE EFFECT OF VALUE ADDED TAX ON REVENUE GENERATION OF GOVERNMENT CHAPTER ONE INTRODUCTION Value Added Tax is a consumption tax, which came to existence on first December, 1993, by decree number 102 of 1993 while its actual implementation commenced…