Having Nigeria as a monolithic economy filled with full dependent on the oil sector has made the economy open to external manipulation and adversely disrupts the planning in the country. COVID Tax Tip 2020-128, September 29, 2020. The non-corporate — largely individuals — taxpayer base reported one of the largest growth in history at 23% in 2017-18, the year that followed demonetisation.

Direct tax buoyancy reached a temporary peak in 2018-19 and has since fallen; the buoyancy fell into an abyss in 2019-20 itself. This research examined the direct and indirect impact of taxation on the Nigerian economic growth. This paper examines how changes to the individual income tax affect long-term economic growth.
Ordinary least square of multiple regression models was used to establish the relationship…, The Nexus between Tax Revenue and Economic Growth in Nigeria, Implications of Tax Revenue on Economy Growth in Nigeria, Impact of Tax Revenue on Economic Development in Nigeria, The Contribution of Tax Revenue on the Economic Growth ofNigeria Gwa, The Impact of Tax Collection and Incentives on Economic Growth: Evidence from Nigeria, Sources of Public Funds and Economic Prosperity: The Nigerian Case, Tax Revenue and Capital Expenditure in Nigeria, Impact of Non-Oil Tax Revenue on Economic Growth: The Nigerian Perspective, Petroleum Profit Tax and Economic Growth: Cointegration Evidence from Nigeria, Assessment of Value Added Tax and Its Effects on Revenue Generation in Nigeria, Personal income tax administration in Nigeria: challenges and prospects for increased revenue generation from self employed persons in the society, APPRAISAL OF TAX SYSTEM IN NIGERIA (A CASE STUDY OF VALUE ADDED TAX), Tax evasion problems in Nigeria: A critique Nigeria account, An Empirical Investment of Multiple Tax Practices and Taxpayer’s Compliance in Nigeria (Unpublished Research Work), Contentious issues in Tax Administration and Policy in Nigeria: A State Governors Perspective. Fees payable for parking vehicles public toilets usage, night soil contracts, sewage clearing etc. The study examined the impact of tax revenue on the Nigerian economy. Due to certainty, universality and convenience taxation is seen to be the salient source of revenue to the government. <>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/Annots[ 13 0 R 14 0 R] /MediaBox[ 0 0 420.84 595.44] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Thus, the involvement of some of sort ethical values enhances the welfare of economics. If the tool returns a message of "payment status not available," this may mean the IRS can't determine the person's eligibility for a payment right now.
Paper Presentation by Executive Governor of Zamfara State at the 1st National Retreat on Taxation, Curbing tax evasion and avoidance in personal sincome tax administration: A study of the south - south states of Nigeria, Samuel Olusegun James, Adewole Joseph Adeyinka, Idih Ogwu Emmanuel, Uket Eko Ewa, Wasiu A. Adesola, Etim N. Essien, View 11 excerpts, cites background, results and methods, View 4 excerpts, cites background and methods, View 9 excerpts, cites methods and background, By clicking accept or continuing to use the site, you agree to the terms outlined in our. Microsoft co-founder explains math behind 'returns', Coronavirus in India: Travellers from Dubai, UK contributed maximum COVID-19 importations, finds IIT study, Adani debunks GDP rhetoric, says India will be second largest economy by 2050, Madhya Pradesh: IPS officer beats wife; relieved of duties after viral video, WATCH: Farm bills protest turns violent in Delhi, Youth Congress workers set tractor on fire near India Gate. NBER Working Paper No. Hypothesis to be Tested Construction of hypothesis is an … Yearly data for South Africa for the period 1981 – 2016 was used to develop the Auto-Regressive Distribution Lag (ARDL) approach. Most individuals receive only one payment, but there are some situations where they may receive an additional payment. The sudden slippage also shows the relative ineffectiveness of the Operation Clean Money mission, that was meant to track down those who deposited cash much in excess of their reported sources of income in their bank accounts during the note ban period. TCS National Qualifier Test: TCS opens NQT for recruiting freshers for corporates - check details, Coronavirus spreading through air? Government imposition of many types of taxes. It has become one of the popular positions of professional economists that tax revenue of any given government / nation contributes to the checks and healthy management of its national governance economically and improves communal services. In some cases, if a taxpayer has filed their 2019 tax return but the IRS hasn't processed it yet, they may receive "payment status not available." 1 0 obj Furthermore it considered the place of taxation in an economic development, though without underrating the difficulties associated with the system in Nigeria especially as it concerns lack of conversant among citizens. Tax reforms are sometimes touted to have strong macroeconomic growth effects. The importance of taxation as a policy in a growing economy like Nigeria cannot underestimate. Tax Policy and the Economy . FE Knowledge Desk explains each of these and more in detail at Financial Express Explained.