THE EFFECT OF VALUE ADDED TAX IN NIGERIA

This research work was aimed at study "the effect of value added tax in Nigeria, which has poses a lot of question in the inquisitive mind of some people as to "why" and "how" of the introduction. The reason of this study is to replace the existing sales tax which was a nationally levied tax, and objective of (VAT) are. To make room for more saving and subsequent investment since it minimizes consumption. To limit Nigerian from total dependence or oil revenue To maintain even tax incidence across various stage production To promote exports and discourage import because product for export are given tax exemption while product on import are taxed heavily  It is equally believe that recommendation of this research work will be useful to ensure that VAT is painless to the poor masses, especially utilizing the fund from VAT on predetermined of diversifying the economy. This research work was presented in five chapters. Chapter of the study; the problem arose ambiguity in the definition of vatable and exempted goods, the ideas of the author to replace the existing sales tax, to assess and find out the effect of value added tax in Nigeria industries, through result achieved based secondary data. All these is to bring more people to the tax nominal roll, and help to change government source of revenue, persuade local sourcing of raw material and help to check appropriate consumption of

luxury goods.

 

 

Title page 

 

Approval page

 

Dedication 

 

Acknowledgment 

 

Abstract

 

 

Introduction 

 

1.1 Statement of the problem and purpose of the study 

 

1.2 Rationale of the study 

 

1.3 Significance of the study 

 

1.4 Background of the study 

 

1.5 Definition of terms 

 

 

Review of related literature 

 

2.1 Sales tax vs value added tax (VAT)

 

2.2 The administration and mechanism of VAT

 

2.3 The effect of VAT on manufacturing sector of Nigerian economy

 

2.4 Merits of VAT

 

2.5 Demerits of value added tax (VAT)

 

 

Research design and methodology, sources of data, location of data and limitation of the study 

 

3.1 Methodology of study 

 

3.2 Source of data 

 

3.3 Location of data 

 

3.4 Limitation of the stud y

 

3.5 Method of data collection and analysis 

 

Presentation of data, analysis of data, discussion of result 

 

4.1 Presentation of data 

 

4.2 Analysis of data 

 

4.3 Discussion of result 

 

 

Summary conclusion, recommendation 

 

5.1 Summary 

 

5.2 Conclusion 

 

5.3 Recommendation 

 

Bibliography