Home » Accounting » AN EVALUATION OF THE PROBLEM AND PROSPECT OF TAX COLLECTION IN INTERNAL REVENUE ...
AN EVALUATION OF THE PROBLEM AND PROSPECT OF TAX COLLECTION IN INTERNAL REVENUE SERVICE IN BAUCHI STATE
Sold By: Joe Project Store | Item Type: Project Material | Report this? | Attributes: 55 pages | 1-5 chapters | Amount: ₦5,000 | 1 order. | Marked useful: 6,372 times
Delivery: Within 24 hoursAN EVALUATION OF THE PROBLEM AND PROSPECT OF TAX COLLECTION IN INTERNAL REVENUE SERVICE IN BAUCHI STATE
ABSTRACT
The research profers an appraisal of the problem and prospect of tax collection in internal revenue service of bauchi state. It analyses the concept of tax and its significance and elucidate the problem encountered in the process of tax collection.The research profers the prospect in tax collection and administration,while investigating tax administration in bauchi state as a case analysis.
INTRODUCTION
Tax is invariably an enforced contribution of money ,exacted pursuant to legislative authority if there is no valid statute by which it is imposed, a charge is not a tax.The classical purpose of taxation is the raising of funds to meet government expenditure.redistribution of wealth and the management of the economy.The tax system can also be used to direct the course of the economy.It is often to encourage economic activities .Tax affects the amount available for spending by the private sector of the economy.correspondingly, an increase in tax rate and gathering efficiency will affect the amount available for government spending.Not only that such increase or decrease no matter how minimal may have inflationary or deflationary effect on the economy.secondly and particularly in the case of taxes on income, there is tendency of their imposition to encourage or discourage particular activities.
1.1BACKGROUND OF THE STUDY
The significance of tax to the government and the state can not be over emphasized.However achieving a high level of revenue through tax is not always an easy fit to attain.Problems encountered includes inadequate staff, bribery and corruption, mismanagement of tax collected, poor accounting record, etc.But according to Adam Smith (1968), there are prospect the lies with the collection of tax.The research intends to investigate the problem and prospect of tax collection in internal revenue service in bauchi state.
1.2 STATEMENT OF THE PROBLEM
The problem confronting this research is to evaluate the problem and prospect of tax collection in internal revenue service of bauchi state.
1.3 RESEARCH QUESTION
1 What is the nature of taxation
1 What constitute the problems encountered in the collection of tax
2 What are the prospect of tax collection
3 What are the problems and prospect of tax collection in bauchi state
1.4 OBJECTIVE OF THE RESEARCH
1 To determine the nature of taxation
1 To appraise the problems and prospect of tax collection
2 To determine the problems and prospect of tax collection in bauchi
1.5 SIGNIFICANCE OF THE RESEARCH
The research shall elucidate the problems and prospect of tax collection and profer possible recommendations for effective tax administration.
1.6 STATEMENT OF THE HYPOTHESIS
1 Ho Tax revenue in bauchi is low
Hi Tax revenue in bauchiis high
2 Ho Problem of tax collection in bauchi is low
Hi Problem of tax collection in bauchi is high
3 Ho The prospect of tax collection in bauchi is low
HI The prospect of tax collection in bauchi is high
1.7 SCOPE OF THE STUDY
The study intends to appraise the problems and prospect of tax collection in bauchi state.
1.8 DEFINITION OF TERMS
TAX DEFINED
Tax is invariably an enforced contribution of money ,exacted pursuant to legislative authority if there is no valid statute by which it is imposed, a charge is not a tax.The classical purpose of taxation is the raising of funds to meet government expenditure.redistribution of wealth and the management of the economy.The tax system can also be used to direct the course of the economy.
PERSONAL INCOME TAX DEFINED
This is tax levied on income of individuals which is earned either from employment ,trade, business, vacation or profession.
This material content is developed to serve as a GUIDE for students to conduct academic research
Delivery: Within 24 hours
Advertise Here
Not what you were looking for? Perform a search
What's your project topic?
Comment on Facebook:
Related Project Materials
- 1.
THE IMPACT OF FINANCIAL LITERACY ON THE PERFORMANCE OF SMALL SCALE ENTERPRISES IN CAMEROON
CHAPTER ONE INTRODUCTION 1.1 Background to the Study Small scale enterprises' (SSEs) contribution to the national economy should not be undervalued...More »
Item Type: Project Material | 54 pages | 931 engagements |
- 2.
THE EFFECT OF GOOD RECORD MANAGEMENT IN ORGANIZATIONAL PERFORMANCE IN CAMEROON
CHAPTER ONE INTRODUCTION Background of the study Since time immemorial, information has been considered an essential resource for all types of orga...More »
Item Type: Project Material | 54 pages | 457 engagements |
- 3.
A STUDY ON THE IMPLICATIONS OF ETHICS IN FINANCIAL REPORTING ON MONEY DEPOSIT BANKS IN LAGOS
CHAPTER ONE INTRODUCTION 1.1 Background of the Study The idea that an entity's financial statements are subject to a set of rules dictated by estab...More »
Item Type: Project Material | 54 pages | 516 engagements |
- 4.
AN APPRAISAL OF GLOBAL HEALTH INITIATIVE IN RESPONSE TO PREVENTION TO PANDEMIC DISEASE IN NORTH WEST...
CHAPTER ONE INTRODUCTION Background of the study The Global Health Initiative (GHI) aims to enhance the effectiveness and influence of all U.S. for...More »
Item Type: Assignment | 54 pages | 861 engagements |
- 5.
THE ROLE OF FINANCIAL ANALYSIS IN MANAGEMENT CONTROL
THE ROLE OF FINANCIAL ANALYSIS IN MANAGEMENT CONTROL CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Financial analysis is the process of revi...More »
Item Type: Project Material | 60 pages | 0 engagements |
- 6.
THE ROLE OF AUDITORS IN A DEPRESSED ECONOMY (A CASE STUDY OF SELECTED BANKS)
THE ROLE OF AUDITORS IN A DEPRESSED ECONOMY (A CASE STUDY OF SELECTED BANKS) CHAPTER ONE 1.0 INTRODUCTION In the 60’s especially before the civil wa...More »
Item Type: Project Material | 53 pages | 2,413 engagements |