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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