Assessment of Value Added Tax and Its Effects on Revenue Generation in Nigeria
Onaolapo, Adekunle Abdul-Rahman; Aworemi, Remi Joshua; Ajala, Oladayo Ayorinde

Abstract
The paper examined the impact of value added tax on revenue generation in Nigeria. The Secondary Source of data was sought from Central Bank of Nigeria statistical Bulleting (2010), Federal Inland Revenue Service Annual Reports and Chartered Institute of Taxation of Nigeria Journal. Data analysis was performed with the use of stepwise regression analysis. Findings showed that Value Added Tax has statistically significant effect on revenue generation in Nigeria. The study recommends that there should be dedication and apparent honest on the parts of all agents of VAT with respect to the collection and payment and that government should try as much as possible to improve on the way of collecting value added tax.

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