TAXATION AND MONEY CONTROL IN NIGERIA.; CHM

Department → Accountancy

Amount → ₦10,000.00

Abstract This study examined taxation and money control in Nigeria. The study further examine the effect of company income tax (PIT), value added tax (VAT) and petroleum profit tax (PPT) on money supply in Nigeria. The theoretical framework is based on two theories namely, Expediency theory and Ability to Pay Theory. The methodology adopted ex-post facto research design relying on secondary data by using CBN statistical bulletine for ten(10) years spanning through 2009-2018. The study made use of purposive sampling technique in chossing the sampled firm Multiple regression analysis was used and sample size were four brewing firms. The effect exhibited by the independent variables on PIT, VAT and PPT was measured through regression co-efficient as well as test of significance by using t-statistics. This enabled us compare the probability at various stages of analysis with critical values to establish significance. The decision rule was to reject the null hypothesis H0 if the t-statistic is greater than 2 and the p-value of the t-statistic is less than 0.05 otherwise accept. Findings shows that Company income tax has positive and significant effect on money supply (MSP) in Nigeria, it was also observed that value added tax has negative and insignificant effect on money supply (MSP) in Nigeria. The study further shows that petroleum profit tax (PPT) has a positive and significant effect on money supply (MSP) in Nigeria.based on the findings, the study recommends that Government should set up monetary team to ensure that companies pay their company income taxes as at when due as it effects on gross domestic product in Nigeria. The rate of value added tax in Nigeria should be looked into by various tax authorities in Nigeria since previous studies shows that companies do not disclose all their assemble profit for tax purposes. As VAT is one of the major sources of revenue for the country. Government should ensure that all the imported and exported goods and services are taxed accordingly in other to bust economic growth as well as the gross domestic product of Nigeria.      




Get the Complete Project Material Now!!!

Contact Us On

We Offer The Following Services To Researchers All Over The World:. Sourcing Of Data,Analysis Of Data,Interpretation , Download Over 50,000 Project materials.We are the best when it comes to research materials, data analysis using:E-view, SPSS etc.
Call : 09068888164
Make An Appointment