TO GET THE COMPLETE JOURNAL/THESIS FOR TOPIC BELOW,
CALL: 08168759420, 08068231953
WHATSAPP: 08137701720
IMPACT OF INDIRECT TAXES ON ECONOMIC PERFORMANCE OF NIGERIA (1994-2017)
Abstract: The study examined impact of indirect taxes on economic performance of Nigeria from 1994 to 2017. The specific objective was to determine impact of value added tax and custom and excise duties on real gross domestic product (RGDP) of Nigeria. Secondary data were used, extracted from central bank of Nigeria Statistical bulletin and National Bureau of Statistics. The study adopted ex post facto research design. The sourced data were analyzed using augmented Dickey-Fuller Test to test for stationarity of the data while ordinary least square based multiple regression technique was used to determine the relationship between the variables The findings revealed that value added tax has positive and insignificant impact on real gross domestic product of Nigeria while custom and excise duties has positive and significant impact on real gross domestic product of Nigeria within the study period. It was recommended that Federal Government should emphasize on the rule of law in curbing corruption inherent in our tax system. Besides there is urgent need to put in place measures to effectively and efficiently collect all forms of indirect tax revenue to enhance economic development and growth in the country.
Keywords: Indirect Taxes, Value Added Tax, Custom & Excise Duties, Real Gross Domestic Product, Revenue