Assessment of E-tax Payment on Revenue Generation Efficiency in Nigeria Case Study of Lagos State Board of Internal Revenue and Nigerian Taxpayers.
CHAPTER ONE
OBJECTIVES OF THE STUDY
The general objective of this study was to assess the effects of electronic- tax system on the revenue generation efficiency of FIRS, case of Ikeja Metropolis.
This study was guided by the following specific objectives;
- To establish the effects of electronic tax payment on revenue collection efficiency by tax authority.
- To establish the challenges of using electronic- tax system on revenue collection efficiency.
- Examine the effect of online tax system on tax compliance among small taxpayers.
- Examine the significant relationship between perceived ease of use and online tax system usage.
CHAPTER TWO
LITERATURE REVIEW
INTRODUCTION
This chapter gives an insight into various studies conducted by outstanding researchers, as well as explained terminologies with regards to assessment of e-tax payment on revenue generation efficiency in Nigeria.
The chapter also gives a resume of the history and present status of the problem delineated by a concise review of previous studies into closely related problems.
Theoretical Framework
Taxation is a product of theorists. The contributions of some of the theorists are as follows:-
The first theory that this study looks at is Prof. Arthur Laffer theory on taxation, popularly known as the “Laffer Curve.” It is a theoretical representation of the relationship between government revenue raised by taxation and all possible rates of taxation.
This theory is demonstrated with a curve (i.e Laffer Curve which is constructed bythrough experiment).
It considered the amount of tax revenue raised at the extreme tax rates of 0% and 100%. The theory concludes that a 100% tax rate raises no revenue in the same way that a 0% tax rate raises no revenue. This is because at 100% rate, there is no longer incentive for a rational tax payer to earn any income, thus, the revenue raised will be 100% of nothing. It therefore follows that there must exist at least one rate in between where tax revenue would be a maximum. Laffer attributes the concept to Ibn Khaldun and Keynes J.M.
One potential result of this theory is that increasing tax rate beyond a certain point will become counter productive for raising further tax revenue because of diminishing returns (Laffer, 2004). The second theory that helps to shape taxation is Ibn Khaldrun theory on taxation.
CHAPTER THREE
METHODOLOGY
This section covers the methods used to address the objectives of the study. The section discusses the research design, research population, sampling technique, the instrument for data collection, the method of data analysis and the analytical software used for the study.
Research Design
In this study, a survey research design is adopted. Survey is chosen based on the objective of the study. Survey is defined according to Nworgu (2005) a survey studies the sampling of individual units from an already known population and its associated survey data collection techniques, such as questionnaire construction and methods for improving the number and accuracy of responses to survey.
CHAPTER FOUR
PRESENTATION AND ANALYSIS OF RESULTS
This section presents the results of the field study; it shows the descriptive information of the respondents, the results of each of the research questions and the test of hypotheses.
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
SUMMARY OF FINDINGS
The purpose of this study was to assess e-tax payment on revenue generation efficiency in Nigeria (a case study of Lagos State Board of Internal Revenue and Nigerian tax payers).
In this study, a survey research design was adopted, the population comprises all the staff of the Board of internal revenue, Lagos state, a simple random sampling technique was used to select twenty-eight (28) of the staff for the study and a questionnaire was the instrument for data collection.
The following objectives were used for the study;
- To establish the effects of electronic tax payment on revenue collection efficiency by tax authority.
- To establish the challenges of using electronic- tax system on revenue collection efficiency.
- Examine the effect of online tax system on tax compliance among small taxpayers.
CONCLUSION AND RECOMMENDATION
Taxation is essential for sustainable economic development, and tax administration is a basic function of a successful state. Taxation also helps make a government accountable to its citizens.
The practice of e-tax payment has come to ease the process of taxation, thereby simplifying the whole process. Electronic tax filing or e-filing is a process where tax documents or tax returns are submitted through the internet, usually without the need to submit any paper return; thus ensuring transparency.
REFERENCES
- Adams, C. (2001) For Good and Evil; The impact of Taxes on the Course of Civilization, U. S. A; Madison Publishers.
- Adams, S. (1910) The Wealth of Nations; London; Everyman’s Library Ltd.
- Adefila, J.J. (2008) Research Methodology in Behavioural Sciences, Kaduna, Nigeria; Apani Publications.
- Aguolu,O. (2004) Taxation and Tax Management in Nigeria, 3rd Edition, Enugu; Meridan Associates.
- Babalola, J.B (1999) Statistics with Applications (In Behavioural Sciences, Business and
- Engineering) (Revised Edition), Ilorin, Evidence (Nig) Ventures Publisher.
- Balls,O. (1965) The Problems of Tax Administration. In Latin America, Baltimore; John Hopkins Press.
