Effect Of Value Added Tax (VAT)

The project evaluates the effects of Value Added Tax (VAT) (A Case Study of the Nigerian Economy) through a systematic approach of study.
It examines the rationale for introducing Value Added Tax (VAT) in Nigeria and tries to expose the role of VAT in the economic development of Nigeria. Its aim being to ascertain how effective the VAT could be used to reduce the countries over dependence on oil revenue. How effective the VAT project is in Nigeria and how the problems of VAT in Nigeria could be solved.
The project is divided into five chapters with the first chapter introducing the project. It outlines the background of the study, statement of the problem, purpose significance, scope and limitations of the study. The research hypotheses and definitions of some important terms.
All related literature to the study were reviewed in chapter two. Some of such related literature reviewed were the measures of VAT effectiveness and the inherent characteristics of VAT. Also dealt with this chapter were the problems of VAT in Nigeria and the suggested solutions to the problems.
The research methodology adopted for the project was discussed in chapter three. The plan, structure and strategy of investigations conceived so as to obtain answers to the research questions were explained. Also explained were the population/sampling procedures, instruments employed in the data collection, the sources of data and the data analysis technique employed.
In presenting and analyzing the data, which was treated in chapter four. The response rates were analyzed, also analyzed were the various data obtained from the questionnaires administered on both vatabase persons and individual respondent. The chapter ended with tests of the hypothesis outlined in chapter one.
Finally, chapter five summarizes the findings made in chapter four, concludes the project and recommends that the administrative machinery of VAT be improved upon and that more vatable persons be brought into the VAT net.