IMPACT OF TAX REFORMS ON REVENUE GENERATION IN MAIDUGURI, BORNO STATE

ABSTRACT This study titled "Impact of Tax Reforms on Revenue Generation in Maiduguri, Borno State," investigates how tax reforms, focusing on withholding tax, capital gains tax, and personal income tax, influence revenue generation. The objectives include assessing reforms' effects on compliance, efficiency, equity, and transparency. The literature highlights inefficiencies in Nigeria's tax system, necessitating reforms to address issues like low compliance and administrative inefficiencies. A descriptive survey design was used, targeting 120 staff members of Borno State Inland Revenue Service through structured questionnaires. Findings reveal withholding tax reforms improved compliance by 72.5% and enhanced public trust (69.2%). Capital gains tax reforms simplified filing processes (53.3%) and increased taxpayer compliance (49.2%), though transparency challenges persist. Personal income tax reforms boosted public service funding (57.5%), expanded taxpayer numbers (56.7%), and reduced administrative bottlenecks (52.5%). Despite these advances, equity and transparency issues remain areas for improvement. The study concludes that tax reforms significantly enhance revenue generation by fostering compliance, efficiency, and trust. Recommendations include increasing public awareness, leveraging digital tools for tax administration, implementing equitable taxation policies, and ensuring transparency in revenue utilization to build public confidence.