An Examination of Value Added Tax in Nigeria

By Attah Sochimaijem R.

A value added tax is an indirect form of taxation which is usually consumptionbased tax placed on a product or service in which its incidence is borne by the final consumer. VAT is known for its viability in revenue generation. It was introduced in Nigeria in 1993 by virtue of the VAT Decree 102 of 1993 and it replaced the Sales Tax. The purpose of introducing VAT in Nigeria is basically to reduce the cascading effects of Sales Tax and to generate more revenue for the government. Since its introduction in Nigeria, its economic impact is notable. However, this is not sufficient when the economic challenges faced by theNigerian economy are considered. Thus, the aim of introducing VAT in Nigeria will be a nullity if the economy collapses and government's operations halted for lack of revenue needed to drive the economy.

• Format: Paperback
• Language: English
• ISBN: 6200534446
• ISBN13: 9786200534446
• Release Date: January 2020
• Publisher: LAP Lambert Academic Publishing
• Length: 80 Pages
• Weight: 0.28 lbs.
• Dimensions: 0.2" x 6.0" x 9.0"