THE ADMINISTRATION OF VAT IN NIGERIA
CHAPTER ONE
Introduction
1.1 Background Of The Study
Value Added Tax (VAT) was introduced in Nigeria by the report of a study group set up by the federal government in 1991 during the regime of the military president, General Ibrahim Badamasi Babangida.
The study group came up with Value Added Tax (VAT).
The alternation of the bases of tax and the credit system brought to tax led to the promulgation of the Vat Decree became effective from 1st December 1993.
This idea, that is the introduction of VAT in Nigeria must be managed implement and administered by somebody. From the topic, administration can be seen as the ways and manners by which an institution, group, board, parastalals, government establishment etc are being run.
The day to day activities of an establishment will be channeled, run and administer for Vat to be effective, their must be an effective and efficient administration in the execution of Vat policies because of alternatives and uncertainties before them, the risk of making a wrong decision or choice in the administrative cadre will hinder the progress of Vat in the country.
This is why efforts have been made to select capable hands and brains to man the affairs of Vat as established by Value Added Tax Decree (VATD) of 1993.
The VAT are administered by Federal Board of Inland Revenue (FBIR) sub-section of provides that the board (FBIR) may do such thing as it may seen necessary and expedient for the assessment and collection of tax and shall account for all amount so collected in accordance with the provision of this decree with reference to section 3; paragraph 7, sub section 1 (3.7 (1) of the Value Added Tax Decree (VATD) no 102 of 1993.
This research work will look into the effectiveness and efficiency of administration of VAT, merits and demerits.
1.2 Theoretical Background
The Value Added Tax (VAT) is a specially tax that charges establishments ten percent (10%) of their turnover in a year.
This institution was established in 1993 as promulsented by VAT Decree (VATD) N0. 102 during the General Ibrahim Badamasi Badangida regime:
The idea of introducing Value Added Tax (VAT) in Nigeria came as a report of the study group set up by the Federal government in 1991. In January, 1993 government agreed to introduce VAT by the middle of the year, which was later shifted to September, 1993.
The alternative of the bases of tax and the credit system brought to tax led to the promulgation of the VAT Decree (VATD) N0. 102 at 1993 through the Decree came effect from 1st December 1993, the full effect implication commenced from January 1st, 1994.
According to Encyclopedia American Vol. 27 (1981) VAT was First Instituted in France in 1954 being the result of over hurling of turnover tax introduced on called “Taxes Surla Values Ajouta (VAT).
The administration of VAT is established as contend in section 3, paragraph 7, subsection 1 of the VAT Decree N0. 102 of 1993, the tax shall be administered and managed by the Federal Board of Inland Revenue (FBIR) may do such thing as it may seen necessary and expedient for the assessment and collection of tax and shall account for all amount so collected in accordance with the provision of this decree.
The administrative body of VAT comprise the VAT technical committee and they are changed with the following functions as contend also in section 17 of the VAT decree of 1993 state that there is hereby established committee to be known as the value added tax technical committee which shall comprise of a chairman of the Federal Board of Inland Revenue (FBIR) A Director in Nigeria Customer (NCS) and three representative of the state government who shall be member of Joint Tax Board.
1.3 Statement Of Problem
Valued Added Tax is a service industry like National Electric Power PLC (NEP PLC) Nigeria Port Plc. The complaints range failing by some few minister and government to embrace VAT fully, accept VAT invoice from the contractor and make reluctant remittance a many the tiers of government has generate some lively debate.
The burden of tax under VAT is regressive and business nuns additional cost of keeping VAT records and processing information required for the payment of tax and claiming returned from tax agent.
CHAPTER TWO
2.0 Literature Review
2.1 Introduction
The review of relevant literature is the main topic of this chapter. A literature review covers theoretical and methodological contributions to a certain issue in addition to the state of knowledge at the time of writing. It provides information about the state of the art in relation to the subject you are writing about. It examines the body of work on the chosen subject. The literature evaluation in this study comprises the …
Procedure for Downloading the PDF (Docx) Material
The Administration of VAT in Nigeria can be downloaded by requesting the full set of materials at the project or seminar cost. The document will be sent via Microsoft Word (MS-Word) format via WhatsApp (e-mail) following payment confirmation.
| Seminar Material Cost ₦3,000 | Project Material Cost ₦5,000 |
Request Complete Material
 | Click here to request the Complete Material via WhatsApp including;
|
TABLE OF CONTENTSPRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
INTRODUCTION
- 1.1 Background …
- ⋮
LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Conceptual Review
- 2.3 Theoretical Framework
- ⋮
- 2.4 Empirical Studies
- 2.5 Research Gaps
- 2.6 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
- 3.1 Introduction
- 3.2 Research Design
- 3.3 Population of Study
- 3.4 Sampling and Sampling Technique
- 3.5 Validation of Research Instrument
- 3.6 Method of Data Collection
- 3.7 Method of Data Analysis
- 3.8 Questionnaire Administration
- 3.9 Ethical Consideration
- 3.10 Statistical Analysis
CHAPTER FOUR
DATA ANALYSIS, RESULT AND DISCUSSION
- 4.1 Introduction
- 4.2 Presentation and Analysis of Data
- 4.3 Re-statement of Research Questions
- 4.4 Test of Hypotheses
- 4.5 Discussion of Findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
- 5.1 Introduction
- 5.2 Summary of Findings
- 5.3 Conclusion
- 5.4 Recommendation
- 5.5 Suggestion for Further Study
REFERENCES
APPENDIX A - “QUESTIONNAIRE”
Disclaimer for Complete Material Utilization
The displayed research work titled "The Administration of VAT in Nigeria" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
PRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
INTRODUCTION
- 1.1 Background …
- ⋮
LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Conceptual Review
- 2.3 Theoretical Framework
- ⋮
- 2.4 Empirical Studies
- 2.5 Research Gaps
- 2.6 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
- 3.1 Introduction
- 3.2 Research Design
- 3.3 Population of Study
- 3.4 Sampling and Sampling Technique
- 3.5 Validation of Research Instrument
- 3.6 Method of Data Collection
- 3.7 Method of Data Analysis
- 3.8 Questionnaire Administration
- 3.9 Ethical Consideration
- 3.10 Statistical Analysis
CHAPTER FOUR
DATA ANALYSIS, RESULT AND DISCUSSION
- 4.1 Introduction
- 4.2 Presentation and Analysis of Data
- 4.3 Re-statement of Research Questions
- 4.4 Test of Hypotheses
- 4.5 Discussion of Findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
- 5.1 Introduction
- 5.2 Summary of Findings
- 5.3 Conclusion
- 5.4 Recommendation
- 5.5 Suggestion for Further Study
REFERENCES
APPENDIX A - “QUESTIONNAIRE”
Disclaimer for Complete Material Utilization
The displayed research work titled "The Administration of VAT in Nigeria" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
Frequently Asked Questions (FAQ)
Can this topic “Evaluation of Disciplinary Process and Implication for Secondary School Administration” be used for Education Project?
Yes it can be utilized for research — This research is on the “Evaluation of Disciplinary Process and Implication for Secondary School Administration” with reference to Ojo Local Educational District of Lagos State. This research employed 80 student in 4 Secondary School, Ojo Local Educational District were used for the collection of data and the data were analyzed by simple percentage Findings reviewed that disciplining our students are not without its challenges and if school administration is corrupt the students will also be corrupt. Based on these findings, it could therefore be stated that derogatory and humiliating words such as dunce, idiot and the like which generally touch on human dignity should be discouraged by the school administrator. Also punishments that border on prolonged torture, threats and retribution …
Is the topic “A Critical Discourse Analysis of Wole Soyinka’s the Beatification of Area Boy” recommended for Linguistics and Communication Project?
Yes it is highly recommended — Wole Soyinka’s The Beatification of Area Boy is one play that demands creative proficiency in recreating the required environment on stage. The Beatification of Area Boy is one of such works, which demand creative proficiency in recreating the required environment on stage. The study was carried out to critically analyze the Discourse of Wole Soyinka’s The Beatification of Area Boy. In achieving this aim, the following specific objectives were laid out to critically analyze the play so as to add to the existing body of knowledge in linguistics and literary study, establish that the critical and objective analysis of this play will aid easy comprehension among scholars and analyze the discourse elements present in the play using the framework of …
Can the material for “Local Government as a Platform for Political Participation” be used as a guide for Political Science Project?
Yes it can be used — The study scrutinizes the Local Government as a Platform for Political Participation using Akure South Local Government Area as a case study. In achieving this aim, the following specific objectives were laid out to examine the Platform for Political Participation in Akure South Local Government in Ekiti State, investigate the adverse effects or danger on the Citizens of local government in political participation, find out why it is important to strive to achieve a high degree of grassroots democracy in Nigeria, analyze the social organization have roots upon which their life more or less depends, and encourages democratic freedom, self reliance, initiative and social sense of the free man by placing the ultimate responsibility for the control of government on …
Can this topic “Evaluation of Industrial Emission Damage Function Regulation and Implementation and Its Suitabilities in the Control of Air Pollution in the Nigeria Oil and Gas Industry” be used for Environmental Science Project?
Yes it can be utilized for research — The broad environmental issues faced by the oil and gasexploration and production industry are manifested at bothlocal and global levels. They include: habitat protection andbiodiversity, air emissions, marine and freshwater discharges,incidents and oil spills, and soil and groundwater contamination. Research Methodology: The aim of this chapter is to briefly intimate the reader with various research designs used by the researchers. And Chi-square were used to analyse the techniques used. Presentation, analysis and interpretation of data: This chapter deals with the presentations, analysis and interpretation of the da8ta collected. The data collected will be used to answer the research questions and test the hypothesis. In conclusion have gone ahead to erect effective legal regimes in the form of laws and regulations to control …
Can the material for “Skills Competence and ICT Integration in Teacher Education” be used as a guide for Teacher Education Project?
Yes it can be used — The study investigated the level of Skills Proficiency and ICT Integration in Teacher education. The research design adopted was the Descriptive survey design. The study population was the entire student population of the faculty of education, University of Lagos− Akoka. The total study population was stratified into 80 junior undergraduates, 80 senior undergraduates and 80 post graduate students from various departments of the faculty of Education. A self structured questionnaire containing both open ended and closed items was used for data collection. The data obtained was analyzed by answering three research questions and testing three hypotheses. After a careful analysis of the data, the results show that: Students were more proficient in the use of MS Word, Internet search tools and …
Can the material for “Design and Implementation of an Organizational E-Commerce Website” be used as a guide for Computer Science (CS) Project?
Yes it can be used — An Organizational E-Commerce Website Design is a process of conceptualization, planning, modelling, and execution of electronic media content delivery via internet in the form of technologies suitable for interpretation and display by a web browser or other web-based graphical user interfaces. The aim of the proposed system is to develop online software that will eradicate the problems or the existing Organizational e-Commerce Website System stated above. In achieving this aim, the following specific objectives were set out to design application software that will be used to purchase an item online by the interested personnel and update new products like grocery items and other related items online. The motivation that led to the implementation of the proposed system is that alot …
Can the material for “Cattle Ranching in Nigeria: Problems and Solution” be used as a guide for Agricultural Engineering (AE) Project?
Yes it can be used — Pastoralism is the most traditional of ruminant livestock production systems in which extensive movement of the animals in search of pastures and water is its salient feature. Whereas the system is adapted to exploit the dry, arid climatic zone, it often overlaps into wetter, agricultural land, occasionally ending up into violent conflicts. Ranching is practically the intensive form of pastoralism but it has a weakness of being seen as antisocial and needing high initial capital. Whatever other truly improved system of exploiting the pastoral agro-ecosystem, it seems it seldom can indict sedentarized tendencies and rarely can it be less intensive than ranching. This study investigate the problems and prospect of cattle ranching in Nigeria. …
Can this topic “Accounting in the Nigeria Public Sector, Issues, Problems and Prospects” be used for Banking and Finance (BF) Project?
Yes it can be utilized for research — In order to successfully accomplish the purpose for this research study, on the role of the Nigeria accountant question were formulated and a questionnaire comprising statement drawn from the research questions were prepared as well from the following problems are be setting public sector. Appointment of unqualified accountants to act as account supervisor, negative attitude of most accountants to wards account ability resulting to inadequate keeping of financial and accounting records are stipulated by the financial regulations and treasuring circulars. Accounting in the Nigeria public sector, problem and prospects is the project topic and a case study of selected government establishment in PHCN, the research involve five (5) chapters. In chapter, it entails the introduction/ background of study, statement of problem, purpose …
Can this topic “Environmental Factors on Teaching and Learning Process of Adult Learners” be used for Education Project?
Yes it can be utilized for research — This study evaluated the environmental factors on teaching and learning process of adults learners in Yetfund skill development centre Abeokuta. One hundred respondents were used, ten from carpentry, one from bricklayer, twenty six from Tailoring, twenty six from Hair Dressing, ten from Catering, two from Decoration, four from Bead making, one from welding, nine from Make-up, six from trading, and five from elect/elect respectively. Random sampling techniques was used for the study and the data collected was analysed using simple percentage, the findings of the study show that environment have great impact in teaching learning process of adult learners. Based on the findings and conclusions, it is recommended among others that the government and other stakeholders in charge of literacy programme …
Is the topic “Effect of Management and Control of Cash in the Banking Sector” recommended for Banking and Finance (BF) Project?
Yes it is highly recommended — Cash is the backbone of any financial institution which allows it to stand on it feet. Roughly one half of all started ups go out of business mainly due to inadequate financial planning in the name of cash management. A good cash management plan strives to minimize or even eliminate the guessing game of unpredictable events and to make all aspects of the bank fully predictable. In business good opportunities can present themselves to you at any time, but if you are not prepared to take advantage of them, the best one may be lost forever consequently, you could loose customer market share and even your ability to compete globally. However, the research work consist of fine chapters, one contain …