ASSESSMENT OF THE EFFECT OF SELF-ASSESSMENT METHOD OF COLLECTING TAX ON REVENUE GENERATION IN NIGERIA: A STUDY OF FEDERAL BOARD OF INLAND REVENUE SERVICE
Abstract
This research work titled "assessment of the effect of self-assessment method of collecting tax on revenue generation in Nigeria: a study Federal Board of Inland Revenue Service was carried out to assess the effect of self-assessment method of collecting tax on revenue generation. In furtherance to the research work, survey method was used. Interview was conducted and Questionnaire designed and distributed to the sampled organisation. The Data obtained from the Questionnaire were presented and analysed with the aid of tables and simple percentages. Relationship between the hypothetical variables was tested with Pearson Product Moment Correlation, and the level of significance obtained with Z-test. It was discovered that self-assessment system is not appropriately implemented in Nigeria and tax payers are not fully and sufficiently aware of Nigeria tax laws and procedures. However, it was recommended that policy makers should create awareness of the tax laws through tax education programs to simplify the tax laws and tax filing procedures, to create effective tax administration so as to effectively enforce the tax laws.
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