Income tax generation prospects and problems

Problems identified and solutions proferred shall apply to all local government areas in Nigeria. Local government, which this work emphasizes on, can be described as the government at the local level, exercised through representative council, established by law to exercise specific power within definite areas.

This, it is believed, will enhance the revenue generation of the State, by bringing in hitherto none tax payers into the tax-paying circle. The local government shall remain one throughout the research period. Observation has shown that the number of self help projects in most communities outnumbers the government projects therein.

In carrying out this research work, questionnaire will be used to collect data and simple percentage analysis will be used to analyse the data collected. This is the right giving to a person, showing he is legally qualify to own a bicycle, cars, and all non mechanical devices.

The internally generated revenues have been inadequate to meet up the numerous demand and obligations.

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In any case, the rejection of the null hypothesis HO, is sub-hypotheis which are reduced to testable firms. Besides, this inadequate planning and absolute laws governing taxation, evaluation and collection is characterized by chaos. The system of keeping account and records in the Board of internal Revenue office in Enugu North Local Governament area is rudimentary.

It is a compulsory levy imposed by the local government on most of the entire members of the society who are capable of paying tax or who are expected to pay tax. Throughout the history of mankind, the right to raise tax has been one of the principal features of political authority.

Internally generated revenue it harnessed can be of great contribution to local governments areas in the state. Allas, these aims are far from being achieved in Nigerian society.

This system is usually guided by the community heads within the community set up or entrust to the clan leaders as it may be delegated.

INSPECTOR OF TAXES

The direct taxation ordinance empowered native authorities to tax Africans in their areas of jurisdiction while the income tax ordinance was for the taxation of non-Africans in companies. Sometimes local governments borrow money in form of loan from other bodies like: The merits of taxations are numerous for instance, it could be used for re-distribution of income or for stabilizing the economy.

The fund generated help our country Nigeria to provide social amenities like good roads, bridges, schools to mention but a few. The paper utilizes the stratified random sampling technique in selecting 28 units out of the units in the Metropolis.

This is a form of direct tax, which is levied on the wages, salaries and other earnings of individuals. Many staff lack job related in service training, and some have poor educational background, some are not dedicated, deligent and honest.

It is important to point out that the federal government has taken adequate steps to wards effective tax administration. The study could also enable local government to tackle their numerous problems that hinder smooth generation of revenue.

PROBLEMS AND PROSPECTS OF PERSONAL INCOME TAX IN NIGERIA

Also corrupt alliance of tax collectors with tax payers to avoid tax for them tax collectors to make fast money. Thus, a research work that focuses on this topic is timely and very necessary in providing lasting solution to the incessant and unhealthy problem of waste of revenue through ineffective personal income tax administration and collection in Imo State.

All the states of the federation are now required to intensify effort toward the internally generated revenue to make up allocation from the federation account. To exercise the powers and duties conferred on them by any anactment of the Federal Government imposing tax on the income or properties of companies or which may be agreed by the Federal Board of internal Revenue.

Ascertain whether there are really problems in personal income tax collection and administration 2. Tax revenue mobilization as a source for financing development activities in Nigeria has been a difficult issue primarily due to the indulgence by companies and individuals in various forms of resistance such as pronounced tax invasion, Tax avoidance and other corrupt practices.

THE PROBLEMS OF PERSONAL INCOME TAX GENERATION AND ADMINISTRATION IN ENUGU STATE

The essence of this is to enable her undertake her numerous activities. Internally generated revenue if well harnessed cannot be of great contribution to the local government in the state. There has been an increase in the demand for governmental service or the masses. Tax avoidance and delinquencies are among the problems confronting most local governments on revenue generation, as most people of the society device some means source maximum reduction in the amount to be paid as tax obligation on the date it is due, there by, escaping tax liabilities.

Grant are said to be financial aids without interest. However the constitution spells out the functions of each level of government. The revenue board are those who encounter these problems.

Also corrupt alliance of tax collectors with tax payers to avoid tax for them tax collectors to make fast money. Adegbie and Fakile, The system of keeping account and records in the internal Revenue office in Enugu North is not rudimentary.PROBLEMS AND PROSPECTS OF REVENUE GENERATION ABSTRACT The importance of revenue generation by local government areas cannot be over emphasized.

This is because Local Government Areas carry out the various developmental projects as well as providing social amenities to the people through revenue.

income tax generation: prospects and problems essay problems and prospects of personal income tax administration on achaba riders in kano metropolis by: adamu garba zango department of accounting faculty of social and management sciences umaru musa yar’adua university katsina state.

In all generation, the problems of personal income tax generation and administration continues to surface in one form or another in virtually every society, especially in this part of the world. It is important to point out that the federal government has taken adequate steps to wards effective tax administration.

Oct 06,  · Tax avoidance and delinquencies are among the problems confronting most local governments on revenue generation, as most people of the society device some means source maximum reduction in the amount to be paid as tax obligation on the date it is due, there by, escaping tax liabilities.

REVENUE GENERATION IN LOCAL GOVERNMENT AREAS (PROBLEMS AND PROSPECT) on how revenue is generated in local government problems confronting them as regards revenue generation as well as prospects to the problems. local government on most of the entire members of the society who are capable of paying.

The findings reveal that there is a significant relationship between companies’ income tax in Nigeria and economic development of the Nation and that tax evasion, tax avoidance and corruption are major hindrances to revenue generation.

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Income tax generation prospects and problems
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