PERSONAL INCOME TAX ADMINSTRATION IN NIGERIA, PROBLEM AND PROSPECT

(A CASE STUDY OF EKITI STATE)

 

 

 

 

BY

 

OMOOGUN TAIYE

 

 

 

 

BEING A PROJECT SUBMITTED TO THE DEPARTMENT OF ACCOUNTING, FACULTY OF MANAGEMENT SCIENCES, EKITI STATE UNIVERSITY, ADO – EKITI, NIGERIA.

 

 

 

 

IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF BACHELOR OF SCIENCE

(B.Sc.) DEGREE IN ACCOUNTING

 

 

                                                NOVEMBER, 2015

 

 

 

ABSTRACT

          This research had evaluated Personal Income Tax Administration in Nigeria, Problem and Prospect.

The research work make used of both primary and secondary method

of data collection. Questionnaire and observation were used for collecting primary data while yearly summary of revenue performance for Ekiti State of Nigeria was used as the secondary data.

The methods used for analyzing the collected data for this study were comparative analysis, simple percentage and chi-square.

The population for this study were fifteen (15) staffs from the entire staff of Personal Income Tax Department and ICT and Planning Department of Ekiti State Internal Revenue Board at Ado-Ekiti. The sampling was randomly selected. The sample size chosen comprises of ten (10) staffs of the two departments.

The findings indicate that, while some Personal Income Tax payers avoid tax payment others display technicality in reducing tax payable. The conclusion shows that an average of 77.57% of tax was from Personal Income Tax and an average 76.38% of tax was from PAYE. There is high return from Personal Income Tax because P.A.Y.E is difficult to evade but the contribution from Direct Assessment is minute.

Based on the findings, it is recommendations that the board should continually train its staffs and agents to minimize tax avoidance and evasion and enlighten the public on tax policies and law from time to time.

 

 


 

TABLE OF CONTENTS

Title Page                                                                                i

Certification                                                                            ii

Dedication                                                                               iii

Acknowledgement                                                                   iv

Abstract                                                                                  v

Table of Contents                                                                    vi

CHAPTER ONE: INTRODUCTION                                  

  • Background of the Study 1
  • Statement of the Problem 6
  • Research Question 6
  • Significance of the Study 7
  • Purposes of the Study 7
  • Research Hypothesis 8
  • Scope and Limitation of the Study 9
  • Definition of Terms 10

 

 

CHAPTER TWO: LITERATURE REVIEW                               

2.1     Introduction                                                                            13

  • Meaning and Purpose of Taxation 13
  • History of Taxation in Nigeria                    15
  • Types of Taxes 18
  • Classification of Taxes 24
  • Principles of a Good Tax System 25
  • Purpose of Taxation in Nigeria 27
  • Administration of Personal Income Tax in Nigeria 28
  • Ascertainment of Income 34
  • Procedure for Assessing Personal Income

Tax in Nigeria                                                                38

  • Income Tax Relief 44
  • Tax Avoidance and Tax Evasion 49
  • Problem of Personal Income Tax

Administration in Nigeria                                                        49

 


 

CHAPTER THREE: RESEARCH METHOD

  • Research Design 51
  • Sampling Size and Sampling Technique           52
  • Method of Data Collection 52
  • Research Instrument 54
  • Method of Data Analysis 54
  • Limitations of the Methodology 55

CHAPTER FOUR: DATA PRESENTATION, ANALYSIS AND INTERPRETATION       

4.1     Data Presentation                                                                    56

4.2     Data Analysis                                                                56

4.3     Analysis of Primary Data                                                        57

4.4     Analysis of Response to the Questionnaires

and Test of Hypothesis                                                 69

 

 

 

CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION

5.1     Summary of Findings                                                    78

5.2     Conclusion                                                                     79

5.3     Recommendations                                                                   79

Biobliogrpay                                                                 82

Appendix (Questionnaire)                                             84

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Updated: October 2, 2016 — 12:08 pm

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