An Appraisal of Tax Incentives as Tool for Economic Development in Nigeria (A Case Study of Federal Inland Revenue Services Ilorin Kwara State)

TABLE OF TABLE

Title page                                                                                    i

Certification                                                                                 ii

Dedication                                                                                   iii

Acknowledgement                                                                       iv

Table of Contents                                                                        vii

Abstract                                                                                       xi

CHAPTER ONE

1.0           Introduction                                                                       1

1.1           Background of the Study                                                   1

1.2           Statement of Problem                                                        4

1.3           State of Hypothesis                                                            5       

1.4           Objective of the Study                                                       6

1.5            Scope of the Study                                                            7

1.6           Significance of the Study                                                   7

1.7           Limitation of the Study                                                      8       

1.8           Definition of term                                                              9

CHAPTER TWO

2.0     Literature Review                                                              13

2.1     Introduction                                                                       13

2.2     Federal Boards of Inland Revenue                                     14     

2.3     Tax Incentives in Personal Income Tax                             18

2.4     Tax Incentives in Company

Income Tax (CITA) 1990                                                  30

2.5     Tax Incentives in Value Added Tax                                   32

2.6     Tax Incentives in Petroleum Industry                                34

2.7     Tax Incentives in Capital Gain Tax                                   38

2.8     Tax Incentives, a tool for

Economic Development                                                     40

CHAPTER THREE

3.0     Research Methodology                                                      45

3.1     Research Design                                                                45

3.2     Population and Sample Size                                               45

3.3     Sources of Data Collection                                                47

3.4     Method of Data Collection                                                 47

3.5     Method of Data Analysis                                                   48

CHAPTER FOUR

4.0     Data Presentation, Analysis and Interpretation                  49

4.1     Introduction                                                                       49

4.2     Data Presentation, Analysis and Interpretation                 49

CHAPTER FIVE

5.0     Summary, Conclusion and Recommendation 63

5.1     Summary of Finding                                                          63

5.2     Conclusion                                                                       64

5.3     Recommendation                                                               68

References                                                                         69               

ABSTRACT

This study examines an appraisal of tax incentives as a tool for economic development in Nigeria, a case study of federal Inland Revenue services Ilorin, Kwara State.

Tax incentive is a kind of allowance that is deduced from tax payers income before taking whatever remains of the individuals or corporate body’s income the essence of this tax incentive is to their obligation duty. Chapter one looked at the background of the study, the statement of research problem, statement of hypothesis. It also highlighted the objective of the study, limitation of study, scope of study and definition of terms. Chapter two was based on review of relation literature, tax instrument and relevant texts on taxations. Chapter three outlined the research method used in conducting the research work. It indicates that this research work was carried out suing the survey research method. The use of questionnaire and personal interview in collecting relevant data was adopted. Chapter four, gives the presentation of data collection and the analysis made on the data collected, it include the test of hypothesis. Finally, chapter five brings the research work to a conclusion by giving a summary of findings, conclusion and recommendations.