Appraising The Impact Of Tax Assessment Collection And Administration Method In Nigeria

Appraising The Impact Of Tax Assessment Collection And Administration Method In Nigeria

Chapter One

Preface

Background Of The Study

The system of duty collection and administration in Akwa Ibom State has been carryout towards the socio profitable ideal of the state. duty could be defined as the public sector in order to negotiate some of the nation profitable and thing. The primary profitable thing development countries is to increase the rate of profitable growth and hence the per capital income which will lead to the advanced standard of living. Every duty assessed on an association changes everyday as new court rulings are blazoned and as lows made that every reality sale must thus be alert to similar charge. Since it commencement taxation of commercial income has been a pervasive force tending to impact the profitable development of the realities. Taxation isn’t the only sources of internally generated profit of the state, other as shown in the blessing intermittent and capital expenditure estimates of Akwa Ibom State( sanctioned documentno. 7 and 8 of 1993-1994) include similar source as fine and freights, license and trade read from government property interest damage and tips as well as other sources. Other major sources of profit available to Akwa Ibom State as proved in the state, in other words any rational profitable development should be on after duty consideration introductory, they’re tested heavily, eventually double taxation and bone wonders whether their problem of operation and development attributed to high rate of duty on investment in effectiveness of the investor. Tax Assessment

This is because the double taxation on similar cooperation as limited liability company will continue to prompt the residual profit made. Tax Assessment

It’s thus important interested in similar constraints taxation has posed to the investor and how it can be reduced. still income duty rule and regulation are similar that informs, investors reduce the quantum of their duty capability through colorful proper and timely conduct. It’s thus the exploration aspiration to find a way of breaking through this attention. Tax Assessment

exploration PROBLEMS

In Nigeria, duty collection and administration is said to be the most variable source of earnings to the nation and thus foster the profitable development of the nation. It’s also delicate to ascertain what impact or effect, if any cure duty collection and administration has to do with developing the frugality considering lesser diversities in government operation capacities. All government including developed and under- developing countries in the world still put different kind of duty on her citizens not opposing the fact that there are several other sources in which profit are accrued. Tax Assessment

Ideal Of The Study

– To find out government development on frugality using the proceeds of duty collection and administration of Akwa Ibom State.

– To find out the colorful income duty rule and regulations Akwa Ibom State and their profit.

– To identify the way to be acclimated to increase duty yielding sources of Akwa Ibom State.

– To the recommendation and suggestions on profitable development through duty collection and administration.

exploration QUESTIONS

– Does the government develop our profitable using the proceeds of duty collection and demonstration?

– What are the way to be espoused to increase duty yielding sources of Akwa Ibom State?

– Is there any main source of profit available to the government of Akwa Ibom State?

– Does the proceeds deduced from duty collection and administration have any impact on the frugality development either appreciatively or negatively?

Exploration Thesis

Ho There’s no significant relationship between duty collection and administration on profitable development in Akwa Ibom State.

HI There’s significant relationship between duty collection and administration and profitable development of Akwa Ibom. Tax Assessment

Ho Government doesn’t develop our frugality using the proceeds of duty collection and administration.

HI Government develops our frugality using the proceeds of taxs collection and administration.

Significance Of The Study

It would give the necessary information about how taxation recrimination on effect of profitable development should be managed and controlled

It would also help the implicit investors to remedy the problems associated with taxation of commercial income. The operation of UYo Original government can also use it as a companion effective, some pupil can also use it as companion while exploration on this same content.

Compass Of The Study

The compass of this study was centred in one original government council, Uyo Original government council with effect of duty collection and administration on the profitable development of Akwa Ibom State.

Limitation Of The Study

One of the major limitations of this study is the security of data in terms of secondary information, some are the replier were reticent to attend to the experimenters on the oral interview.

Also were limited fiscal coffers in terms of transportation, photocopy and as well as time constraint. Given this reason, the rsearcher had to partake the available time between his routine domestic work and other casework.

Description Of Terms

In order to entrance hastily generality the following terms used in the study has been defined

Taxation Is one of the instruments of financial policy in a commercial frugality.

Administration As the operation of public or business affairs the day to day administration in agreement with established rule and regulation( Parest, 1999).

Assessment Is the process of valuation of parcels for taxation, it’s valued as determination of the quantum of plutocrat as a taxs of their fine or person duly( Kindles Degar, 1981).

Economic Development Is defined as enhancement in material weal especially for person with low income( Degar, 1981).

Tax Authority Defined as detects of civil position charge with the administration of certain kind of taxs( Davids, 1981).

duty elusion Is defined as the deliberate act by a taxs payer to immorally reduce or completely escape his or her taxs arrears and applicable taxs duties( Eskastaing 1961).

Income duty Income is defined as quantum of set up goods or services, entered by an individual cooperation or profitable in a given period( Pearce, 1985).

duty participating Is defined as a practice where by the position of government similar as state impositions taxs and partake the proceeds with a lower position of government similar as country or city( Greant, 1985).