ABSTRACT
This research examined the impact of value added tax (VAT) on economic growth of Nigeria. The aim of this study is to examine the contributions of the VAT in the economic growth of Nigeria. Data used in this study was mainly from secondary source principally the Central Bank of Nigeria and the Bureau of Statistics. The study employed a time series date for a twenty year period 1995 – 2014. The data was analyzed using the regression statistical model. The model assisted in testing the statistical significance of the variables under study. At the end of the analysis, we found that VAT has positive and significant impact on economic growth in Nigeria. We also found that value added tax has a Positive impact on federally collected revenue. We thus conclude that the value added tax has influences the pattern of federal collected revenue and the economic growth of Nigeria. Based on these findings, we recommend that there is the need for policy impact assessment before tax policy is carried out in Nigeria.
Key Words: Value Added tax, Economic Growth, Gross Domestic Product, Economic Development, Tax Planning, Tax Exemption.
ERESHIE, N (2021). Impact Of Value Added Tax On Economic Growth Of Nigeria. Afribary. Retrieved from https://track.afribary.com/works/impact-of-value-added-tax-on-economic-growth-of-nigeria
ERESHIE, NCHOR "Impact Of Value Added Tax On Economic Growth Of Nigeria" Afribary. Afribary, 28 Apr. 2021, https://track.afribary.com/works/impact-of-value-added-tax-on-economic-growth-of-nigeria. Accessed 05 Nov. 2024.
ERESHIE, NCHOR . "Impact Of Value Added Tax On Economic Growth Of Nigeria". Afribary, Afribary, 28 Apr. 2021. Web. 05 Nov. 2024. < https://track.afribary.com/works/impact-of-value-added-tax-on-economic-growth-of-nigeria >.
ERESHIE, NCHOR . "Impact Of Value Added Tax On Economic Growth Of Nigeria" Afribary (2021). Accessed November 05, 2024. https://track.afribary.com/works/impact-of-value-added-tax-on-economic-growth-of-nigeria