determinants of taxable capacity in nigeria

to achieve macroeconomic goals as the tax system is the victim of numerous economic crises (Kayaga, 2007). Determinants of Nonperforming Loans Their Impacts on Financial Performance: Empirical Study in case Ethiopia . The results indicate that exchange rate, government capital investment in infrastructure and credit to the domestic economy are some of the main factors that influence FD/flow to Nigeria. Specifically, Therefore, this study examines Nigeria's tax structure and economic development from the standpoint of infrastructural deficiencies. PDF Determinants of Audit Quality amongst Small and Medium ... This paper examines the factors that determines tax policy compliance and the impediments to effective tax administration in Nigeria. from 180 families in six villages in Western Nigeria and 480 migrants from . The data were sourced from Central Bank of Nigeria, Statistical Bulletin (2011). . PDF Financial Sector Development and Tax Revenue in Nigeria A. important determinants of tax compliance behaviour in developing countries just as in the developed countries. The Journal of Development Studies, Vol.51, No.6 15 June 2015. A change in any of these can shift the investment demand curve. This section examines eight additional determinants of investment demand: expectations, the level of economic activity, the stock of capital, capacity utilization, the cost of capital goods, other factor costs, technological change, and public policy. Therefore, the study examined the determinants and sustainability of manufacturing sector performance in Nigeria from 1994-2019. as a superior indicator of these shares for less-developed countries. Hence, we hypothesized that there is a significant relationship between tax know-ledge and tax compliance. Determinants of the Inflow of Foreign Direct Investment (FDI) in Nigeria Hassan, Olanrewaju Makinde, Department Of Business Administration, Faculty of Management Sciences, Kogi State University, Nigeria. Determinants of Foreign Direct Investment (FDI) in Nigeria ... The sizing or categorization of a company as an SME, depending on the country, can be based on a number of characteristics (O' Regan et al., 2004). This study evaluates the determinants of tax evasion in Banadir Region of Somalia. T he state of Jammu & Kashmir is one of the special category states of India, that faces a severe resource crunch on the one hand and an explosive public expenditure trend on the other hand. Human Development Indicators: Nigeria and Other Countries GDP Growth Rate VIII. prediction that tax incentives lowers the user cost of capital and raises investment holds in an economy. is defined as an index of the ratio between the share of the actual tax collection in gross domestic product and taxable capacity. important determinants of tax attempts in Nigeria (Oyetunji, 2012). IFRS, adoption and implementation in Public Under this approach, taxes are based on taxpayers' ability to pay; there is no quid pro. The introduction of direct taxation and its aftermath in South-Eastern Nigeria, 1928-39 . The data obtained from questionnaire were analysed using the ordinary least square regression method. The specific objectives are to: . Value Added Tax (VAT) has become a major source of revenue in many developing countries like Nigeria. State, Nigeria. Thus, openness may serve as a much better estimator for poor countries of " taxable capacity " than the usual per capita income measure. Despite this, macroeconomic environment in the country has not made this desire materialized. Tax evasion and tax avoidance, a problem which seems to have defied solution, had been deviled the tax system right from colonial times. structure of developing economy Nigeria, Serrasqueiro & Rogao, (2009) took total debts in She also examines how the increased use of technology affects tax systems. Studies (e.g., Mkandawire, 2010) typically use a cross‐sectional measure of TE in a given year. It is and their effect on economic growth. Downloadable! An Appraisal of the Determinants of Non-Tax Compliance in Nigeria Grace Jame Edward and Michel Matthew Nathaniel. determinants of aggregate demand in Nigeria between 1970 and 2014 given the argument that Government spending and not tax reduction that determines aggregate demand. Tax knowledge could potentially encourage taxpayers to be more prudent in completing their tax returns. The effect of revenue reserves, interest paid on bor. The objectives are to- (a) determine if there is a relationship between knowledge of tax laws and compliance in Nigeria; and (b) if there is a positive relationship between corruption and tax compliance. Determinants of Profitability in Listed Consumer Good Firms in Nigeria determinants of profitability in listed consumer firms in Nigeria. All variables are expressed in logarithm. Estimates of tax potential from the literature suggest that a non-oil tax capacity of 16 to 18 percent would be optimal for a country with Nigeria‟s economic structure and per capita income levels (Fenochietto 2013, IMF 2017). Moreover, failure to collect sufficient revenue and low capacity of tax administration exposed East African countries to suffer from tiny proportion of tax revenues further deteriorating the financial situations of the The results obtained suggest international trade, broad money, external debt and population growth to be significant determinants of tax. The determinants of this study like liquidity of firms, non debt tax shields like depreciation, more collateral net fixed assets, earnings volatility, size of firms, net commercial trade position and firms' profits have impact on the capital structure . Tax Innovations and Public Revenues in Sub-Saharan Africa. Following the unprecedented oil earnings, there was an investment boom . programmes such as tax incentives, export promotion and macro-economic adjustments. Our point of entry is to investigate and determine the factors that Deposit Money Banks in Nigeria consider in formulating their Dividend Policy as little has been done in this regard. capita income and trade share are determinants of the tax share, and this finding has been replicated since (e.g., see Piancastelli (2001)). Department of Accountancy, Lagos City Polytechnic, Ikeja, Lagos, Nigeria. V. Human Development Indicators: Nigeria and Other Countries' Infant Mortality Rate (per 1,000 live births) VI. where Tax it is actual tax revenues and is the taxable capacity or predicted tax revenues from Equation . Email: yinusa2016@gmail.com . The capacity to produce . Unfortunately, Nigeria has one of the lowest Various studies try to investigate the determinants of tax revenues [e.g., Teera (2003); Weiss (1969); Tanzi and Zee (2000) and Imam and Jacobs (2007)]. It is the main . After reviewing the main determinants discussed in economic literature, two models are estimated in a panel including 29 lower middle income countries over the period 2001-2014. 2.3.4 VAT and household cost Household spending is the most important contribution to VAT revenue. which means the amount of tax will determine the capacity of state budget, both for routine and . In other words the borrowing capacity of a firm is determined by profitability. the environment as the major determinants of success. Thus, consideration on how tax policy can be geared toward attracting foreign investors to a host country in a developing economy like Nigeria had taken the center stage within the past three decades (Ronald, 2003). We -nd that success in attracting grants from international donors depends mostly on network e . To examine the determinants of NPLs in Nigeria, the specified and Email:bammyinspiration@gmail.com . Imam and Jacobs (2007) explain that real per capita income, share of agriculture in GDP, trade openness, inflation and corruption are the most important determinants of tax collection. Determinants and Impact of Rural-Urban Migration: A Case Study of Selected Communities in Western . favor of state capacity to . A major strand of her research is taxation, and she is interested in the determinants of tax compliance in contexts with limited state capacity. The period for the study is from 2004 to 2015 and 10 manufacturing firms in the country was used including only firms in the consumer goods and industrial goods sector. the determinants of low tax revenue in Pakistan by . In particular, it shows that 1.7 Justification of the study This study therefore constitutes a major step toward evaluating the relative significance of changing explanatory variables that may attract FDI into Nigeria. Determinants of Foreign Direct Investment in the Nigerian Telecommunication Sector O. Arawomo*, J. F. Apanisile Department of Economics, Obafemi Awolowo University , Ile-Ife, Nigeria Abstract This paper investigated the key determinants of FDI in the Nigerian tele-communication sector. The results showed that tax knowledge had a positive significant impact on tax compliance while tax penalty had . Determinants of Tax Compliance Behaviour: A Proposed Model for Nigeria Description Despite the various tax reforms undertaken by Nigerian Government to increase tax revenue over the year, prior statistical evidence indicates that the contribution… Specifically, countries various determinants of government revenue shares; and (3) offers " openness " (imports as a share of G.N.P.) There is a need to institute financial protection against catastrophic payments through prepayment mechanisms. She also examines how the increased use of technology affects tax systems. This may be achieved through a mix of tax-based, social health, and community-based insurance schemes. ABSTRACT This study empirically examined the determinants of manufacturing firms' financial performance in Nigeria using a panel data for 12 years across 10 manufacturing firms listed on the Nigerian Stock Exchange for the period 2004 to 2015. Tax evasion regardless of the value, denies most governments the critical revenue needed to finance development agenda due to the system, this leads to the tax gap (Adebisi and Gbegi, 2013). The study also aims at assessing and quantifying empirically, the major factors The study examined the effect of Tax compliance on economic growth and development in Nigeria. In other words the borrowing capacity of a firm is determined by profitability. As Arogundade (2005) has observed, there is need for a review of tax incentive policy in Nigeria as many of these incentive packages have decorated the The results of the analysis revealed that the low quality of Determinates of Profitability of Commercial Banks in Ethiopia: the case of Selected Banks . Determinants Of Capital Structure Of Listed Construction Companies In Nigeria Problems Of Tax Collection In Nigeria: A Case Study Of Uyo Local Government Area Accounting Services And The Financial Performance Of Small And Medium Enterprises In Nigeria Tax compliance here is proxied in willingness of the citizens to pay tax. The study investigated the impacts of tax payers' knowledge and penalties on tax compliance amongst small and medium enterprises in Nigeria using a survey research design. of tax revenue determinants in Nigeria due to the growing importance of the tax revenues . . Subsequently, we introduce the Ghana case and describe tax performance over the long term. As practical contribution, the study would enable tax administrators in Nigeria to have better understanding of the differences in taxpayers' compliance across demographic factors for efficient tax administration. Supervisor: Abebe Yitayew (PhD) Wondwossen Gettachew . In . The study intended to analyse the trends in tax ratio and tax effort differentials between Kenya and Malawi using secondary annual data for the period 1980 to 2015. The data were obtained from both the International Monetary Fund and World Bank data bases. The results indicate that exchange rate, government capital investment in infrastructure and credit to the domestic economy are some of the main factors that influence FD/flow to Nigeria. This study examined the impact of tax information, administration and knowledge on tax payers' compliance of Block Moulding Firms in Ekiti State, Nigeria using a survey research design. The country a company operates in provides the specifics on the defined size of an SME. Tax effort measures the extent to which a country has utilised its taxable capacity and it is a static measure of tax performance since it reveals information on the taxable capacity of a country in relation to actual tax performance at every point in time ( for example, every year). The determinants of savings capacity among agribusiness entrepreneurs in Benue State of Nigeria were examined. This research has been performed using a sample of 50 companies listed on the Nigeria Stock This is because tax revenue is an important instrument for economic growth and development in many developing economies like Nigeria, since the internal revenue generated through taxes go a long way in providing funds for the . Five (5) macroeconomic variable components was used as . Owota, George Perelayefa Tax Revenues and Tax Efforts across the World. Evidence suggests that in these countries VAT has become an important contribution to total government tax revenue; (Ajakaiye 2000) the value Added Tax decree was established in 1993 and was imposed in 1994.Value Added Tax (VAT) is an ideal form of taxation in Nigeria tax system . These are as defined under model specification (eqn 1). Underdevelopment in Nigeria was attributed to the governments' inability to invest in infrastructure, social inclusion, creation of jobs and youth empowerment, and improved the economy's human capacity base. It is the main . measure of the taxable capacity of the country while the regression coefficients act as the . Determinants of Profitability in Listed Consumer Good Firms in Nigeria determinants of profitability in listed consumer firms in Nigeria. 2.1 Tax Compliance and its Determinants Tax compliance is defined by several tax authorities as the ability and willingness of taxpayers to comply with tax laws, declare the correct income in each year and pay the right amount of taxes on time (Palil, 2010). Abstract: This study is centered on the determinants of taxable capacity in Nigeria, with taxable capacity viewed as the ability of the taxed person to bear the burden of the tax in relation to their source of income without experiencing a reduction in standard of living, or margin of profit and investment in the case of firms. On the expenditure side, Dr Okunogbe is interested in understanding ways to improve public good provision and service delivery. First, Nigeria and other high-burden TB countries must move away from OOP payments for health care. Also, employment rate, inflation rate, Gross Domestic Product and social spending were true determinants of This paper, therefore, explored the determinants of A major strand of her research is taxation, and she is interested in the determinants of tax compliance in contexts with limited state capacity. Empirical studies in this area, in the Nigerian context is scanty. The Determinants of Tax Evasion in Directorate General of Customs and Excise Jakarta . Received 29 February, 2016; Accepted 5 April, 2016 The purpose of this paper is to investigate empirical evidence on capital structure determinants in Nigeria. This research work on the "a balance of payments determinant in Nigeria is going to cover all the Nigeria's international economic transactions from the year 1983 to 2007. determinants of dividend policy of banks in Ghana to include profitability, leverage, changes in dividend, collateral capacity, growth and age. PhD Department of Finance & Accountancy Niger Delta University Wilberforce Island, PMB 071, Yenagoa Bayselsa State, Nigeria. Determinants of Taxable Capacity in Nigeria 45 (i) Absolute taxable capacity Gupta (2007) sees absolute taxable capacity as "the surplus of production over the minimum maintains that volume of production per head of the population, keeping the essential standard of living unchanged over a number of years" (p. 32). Locational Determinants of Foreign Direct Investments in Nigeria Babatunde Olufemi Oke (Corresponding author) Department of Finance, Faculty of Business Administration, University of Lagos Akoka, Lagos, Nigeria Tel: 234-803-443-2262 E-mail: boke@unilag.edu.ng John Emeka Ezike Taxation is an opportunity The data used include manufacturing sector output, interest rate, real exchange rate, tax rate, money supply and trade . The empirical findings in the study revealed that, Gini Coefficient is very high in Nigeria, indicating a high level of income inequality. In particular, it shows that Nigeria have more than doubled between 1997(N128, 331.08m) and 2005 (N269,844.7m). A questionnaire was used to collect information . factors that influence tax avoidance and evasion in Nigeria [23]. Analysed using the Ordinary Least Square regression method like Nigeria, 2010 ) typically use a measure. Countries GDP growth rate VIII the most important contribution to VAT revenue Nigeria & x27! May be achieved through a mix of tax-based, social health, and community-based insurance schemes Department! Constitutes a major determinant of other macroeconomic indexes while tax penalty had donors depends on... Community-Based insurance schemes on bor and other countries & # x27 ; tax. 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