ABSTRACT
The research work attempts to evaluate Personal Income Tax Administration in Nigeria taking a Survey of the Public Sector, Private Sector and State Board of Internal Revenue in Rivers state. Data used for the work were collected from both primary and secondary sources. The relevant data collected were analyzed and tested using Statistical Packages for Social Science, simple percentage and tables. Subsequently, the two hypotheses tested using Pearson’s Correlation Coefficients (r). Pearson’s Correlation was used to test whether or not there is any relationship between one set of variable and another. The result of the analysis revealed that Personal Income plays a significant role in the economic development of Rivers state and that tax evasion and avoidance impede achievement of revenue target. Finally, the study recommends that government should embark upon other means of publicity to inform tax payers of changes in tax legislation and need for compliance. The tax authorities should properly review and evaluate the assessment and collection procedures so as to encourage compliance by the tax payers. The engagement of the private sector in personal income tax should be encouraged by the state government which will improve the efficiency of personal income tax in Rivers.
TABLE OF CONTENTS
INTRODUCTION
............... The desire to uplift one’s society is the first desire of every patriotic citizen. Tax payment is a demonstration of such a desire. The payment of tax is a civic duty and an imposed contribution by government on her subjects and companies to enable her finance or run public utilities and perform other social responsibilities. Taxes, thus, constitutes the principal source of government revenue (Kiabel & Nwokah, 2009). Over the years, tax has been a major source of public revenue in Nigeria as it has been the case everywhere else in the world. Though the tax revenue of most economies may differ in some ways, it is however, important to note that Personal Income Taxation as a major source of taxation is common to all modern economies of the world.
The tax revenue accruing to Nigeria’s Government is demarcated into oil revenue and non- oil revenue. The sources of oil revenue include crude oil/gas exports; petroleum profit tax and royalties; domestic crude oil sales and other oil revenue. The non-oil revenue sources include companies’ income tax; customs and excise; value added tax; tax on petroleum products; education tax and personal income tax. Though the revenue from the oil sector still accounts for high a proportion of the total revenue, the role of Personal Income Tax in national development cannot be underplayed.
It is sad to note, as pointed out in the works of Alabede et al (2011) that taxes on individuals’ income, which is supposed to be the major source of tax revenue to states and local governments in Nigeria, between 1998 and 2001 contributed an insignificant proportion of the total revenue of the state and local governments. For instance, taxes on individuals’ income contributed, on average, about 8% and 4%, respectively, for the state and local governments. According to Alabede et al (2011), the Personal Income tax ratio remained comparatively low when compared to all the taxes in the Nigerian tax system. For instance, it was 1.6% in 2003 but declined to 1.4% in 2008. Therefore they opined that there are a multitude of factors which may be responsible for low tax compliance in personal income tax administration in Nigeria.
It is therefore in the interest of the researcher to appraise the performance of the Nigerian Tax System with a special focus on state of the Personal Income Tax system. ...............
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TABLE OF CONTENTS
CHAPTER ONE: INTRODUCTION
1.1 Background to the Study
1.2 Statement of the Problem
1.3 Objectives of the Study
1.4 Research Questions
1.5 Research Hypothesis
1.6 Relevance of the Study
1.7 Scope of the Study
1.8 Organization of the Study
1.9 Definition of Terms
References
CHAPTER TWO:REVIEW OF RELATED LITERATURE
2.0 Introduction
2.1 Essence of Personal Income Tax
2.2 The Personal Income Tax Amendment Act 2011
2.3 Public Finance in Nigeria
2.4 Taxation as a Principal Source of Public Finance
2.5 The Concept of Personal Income Taxation
2.6 Structure of the Tax Revenue System in Nigeria
2.7 Historical Background of Nigerian Tax Reforms
2.8 Delegated Issues on Tax Consultancy in Nigeria
2.9 Objectives and Functions of Tax Administration
2.10 Failure of Tax Administration in Nigeria
2.11 Prospects of Using Consultants in Tax Administration in Nigeria
2.12 Problem of Using Consultants in Tax Administration
2.13 Taxes and Charges Withdrawn From the Private Sector
2.14 Personal Income Tax Administration in Nigeria
2.15 Taxation and Fiscal Regulations in Nigeria
2.15.1 Value Added Tax (VAT)
2.15.2 Petroleum Profits Tax
2.15.3 Withholding Tax
2.15.4 Personal Income Tax
2.16 Public Revenue Generation in Rivers State
2.17 Rivers State Internal Revenue Service (RIRS)
2.18 Private Sector Involvement in Revenue Generation
2.19 Some Emerging Issues in Tax Administration
2.20 Theoretical Literature
2.21 Productivity and Sufficiency
References
CHAPTER THREE: RESEARCH METHODOLOGY
3.0 Introduction
3.1 Research Design
3.2 Population Description
3.3 Sample Size Determination
3.4 Sources of Data
3.4.1. Primary Source
3.4.2 Secondary Source
3.5 Instrument of Data Collection
3.6 Design and Administration of Questionnaire
3.7 Method of Data Analysis
3.8 Operational Measure If the Variables
3.9 Validity and Reliability Test
References
CHAPTER FOUR: DATA ANALYSIS AND PRESENTATION
4.0 Introduction
4.1 Demographic Analysis
4.2 Descriptive Analysis
4.3 Hypothesis Testing
4.4 Discussion of findings
CHAPTER FIVE:SUMMARY, RECOMMENDATIONS AND CONCLUSION
5.0 Introduction
5.1 Summary of Findings
5.2 Conclusion
5.3 Recommendations
Bibliography
Reference code: c012
Reference code: c012
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102 Pages
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