Description
Abstract
This project topic is on The effect of value added tax (VAT) as a source of revenue to the Federal Government of Nigeria. The purpose of this study is to find out if actually there is an impact of indirect tax as an aid to economic development and my study is based on the survey of Imo State, using Oji River as a case study. This research also became necessary in order to bring to the proper understanding of the enquirer the best ways to solve such problems connected with the indirect tax especially what is taxable, which system of tax is acceptable, the rate of tax evasion and avoidance, and the assessment of Nigeria tax system. The primary function of every government is to make provision for its citizens in terms of infrastructural facilities. The provision of this enormous work cannot be carried out adequately by the government due to its limited instruments therefore, there is the imposition of tax on all citizens, companies to augment government financial position. Government have always enacted various tax laws and reformed to stand the test of time.
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