Academy of Entrepreneurship Journal (Print ISSN: 1087-9595; Online ISSN: 1528-2686)


Effect of E-Taxation on Revenue Generation in Nigeria A Pre-Post Analysis

Author(s): Nnubia, Innocent Chukwuebuka,Okafor, Gloria Ogochukwu,Chukwunwike, Onyekachi David,Asogwa, Ogochukwu Sheila,Ogan, Rogers John

The investigation analyzed the impact of e-tax assessment on income generation in Nigeria. The examination applied secondary data gotten from Federal Inland Revenue Service tax report and CBN Statistical release and Quarterly Economic Reports. These information were time arrangement information covers the period from first quarter of 2012 to second quarter of 2018 (that is, pre e-charge is from first quarter of 2012 to first quarter of 2015 while the post echarge is from second quarter of 2015 to second quarter of 2018). The information gathered were broke down utilizing Ordinary Least Square Method. The outcomes show an idealistic huge impact of pre (before the starter of e-tax assessment) company income tax and value added tax on income generation in Nigeria and a contrary immaterial impact of post organization annual duty income and value added assessment income on revenue generation in Nigeria (after the appearance of e-tax collection) at 5% level of critical. This implies E-tax collection has not contributed decidedly to both company income tax revenue and value added tax revenue generation in Nigeria; though there is an unwanted immaterial impact of pre and post capital gain charge income on income generation in Nigeria at 5% level of noteworthy. This implies Etax collection has not contributed decidedly to capital gain charge generation in Nigeria. The examination, along these lines among others prescribes that so as to amplify the foreseen positive impact of the activity, government through Federal Inland Revenue Services should work out modalities on the most proficient method to sharpen companies on the fundamentals of E-tax collection.