The increasing cost of running a government coupled with dwindling revenue has led various state governments in Nigeria to formulating strategies to improve their revenue. This project shows the impact of company income tax on revenue generation in Nigeria. The method used in collecting data for this research work is through primary, personal observation and secondary data as the major source of information.
The researcher administered the questionnaires randomly to the staff of Federal Inland Revenue Services, registered Company Income Tax agents and in some public places in Adamawa State. One hundred (100) questionnaires were generally administered to all the various respondents at the rate of one questionnaire per individual. The data collected were analyzed using simple percentage.
The analysis revealed that there is no any marked difference in the various respondents’ general perception of Company Income Tax on government revenue generation and its impacts on living condition of people in Adamawa State. Therefore, based on the findings, the study recommends among others that; the government agency responsible for the collection of companies income tax, the Federal Inland Revenue Service (FIRS) should work in liaison with the Commission (CAC) to ensure that all companies registered in Nigeria i.e. Foreign and Domestic meet their tax obligations to the nation.
Inhaltsverzeichnis (Table of Contents)
- CHAPTER ONE
- INTRODUCTION
- Background to the Study
- Statement of the Problem
- Objectives of the Study
- Research Questions
- Research Hypothesis
- Scope of the Study
- Definition of Key Terms
- CHAPTER TWO
- LITERATURE REVIEW
- Introduction
- Historical Background of Adamawa State
- Concept of Taxation
- Functions of a Tax System
- Company Income Tax: The Economic Impact
- Major Types of Nigerian Taxes
- Taxation System in Nigeria; A Review
- CHAPTER THREE
- RESEACRH METHODOLOGY
- Introduction
- Research Design
- Population of the Study
- Sample Size and Sampling Techniques
- Sources of Data Collection
- Instrument for Data Collection
- Method of Data Analysis
- CHAPTER FOUR
- DATA PRESENTATION AND ANALYSIS
- Introduction
- Data Presentation and Analysis
- Findings and Discussion
- CHAPTER FIVE
- SUMMARY, CONCLUSION AND RECOMMENDATIONS
- Summary
- Conclusion
- Recommendations
- Suggestion for further Study
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This project examines the impact of company income tax on revenue generation in Nigeria, focusing specifically on the Federal Inland Revenue Service (FIRS) in Yola, Adamawa State. The study aims to explore the relationship between company income tax collection and its impact on government revenue, ultimately seeking to understand how this tax policy affects the financial stability and development of the region.
- The impact of company income tax on government revenue generation in Adamawa State.
- The effectiveness of the tax collection system in ensuring compliance and maximizing revenue.
- The influence of company income tax on the socioeconomic conditions and living standards of the people in Adamawa State.
- Challenges faced by the FIRS in collecting company income tax and potential strategies for improvement.
- The role of company income tax in promoting economic growth and development in Adamawa State.
Zusammenfassung der Kapitel (Chapter Summaries)
Chapter One introduces the study, outlining its background, problem statement, objectives, research questions, and hypotheses. It also defines key terms and establishes the scope of the research. Chapter Two delves into the literature review, exploring the historical context of Adamawa State, the concept of taxation, the functions of a tax system, the economic impact of company income tax, and the major types of taxes in Nigeria. Chapter Three presents the research methodology, including the research design, population of the study, sample size and sampling techniques, data collection methods, instruments used, and data analysis methods. Chapter Four focuses on the presentation and analysis of the data collected, highlighting key findings and discussing their implications.
Schlüsselwörter (Keywords)
The core focus of this study lies in understanding the relationship between company income tax, government revenue generation, and the socio-economic landscape of Adamawa State, Nigeria. The study encompasses key concepts including tax policy, revenue collection, economic development, social impact, and the role of the Federal Inland Revenue Service (FIRS).
- Arbeit zitieren
- Mivayi Japhet (Autor:in), 2015, Impact Of Company Income Tax On Revenue Generation Of Federal Inland Revenue Service (Msto) Yola, Adamawa State Nigeria, München, GRIN Verlag, https://www.grin.com/document/370339
