Home » Accounting » AN EVALUATION OF THE PROBLEM AND PROSPECT OF TAX COLLECTION IN INTERNAL REVENUE ...
AN EVALUATION OF THE PROBLEM AND PROSPECT OF TAX COLLECTION IN INTERNAL REVENUE SERVICE IN BAUCHI STATE
Sold By: Joe Project Store | Item Type: Project Material | Report this? | Attributes: 55 pages | 1-5 chapters | Amount: ₦5,000 | 1 order. | Marked useful: 7,413 times
INSTANT PROJECT MATERIAL DOWNLOADAN EVALUATION OF THE PROBLEM AND PROSPECT OF TAX COLLECTION IN INTERNAL REVENUE SERVICE IN BAUCHI STATE
ABSTRACT
The research profers an appraisal of the problem and prospect of tax collection in internal revenue service of bauchi state. It analyses the concept of tax and its significance and elucidate the problem encountered in the process of tax collection.The research profers the prospect in tax collection and administration,while investigating tax administration in bauchi state as a case analysis.
INTRODUCTION
Tax is invariably an enforced contribution of money ,exacted pursuant to legislative authority if there is no valid statute by which it is imposed, a charge is not a tax.The classical purpose of taxation is the raising of funds to meet government expenditure.redistribution of wealth and the management of the economy.The tax system can also be used to direct the course of the economy.It is often to encourage economic activities .Tax affects the amount available for spending by the private sector of the economy.correspondingly, an increase in tax rate and gathering efficiency will affect the amount available for government spending.Not only that such increase or decrease no matter how minimal may have inflationary or deflationary effect on the economy.secondly and particularly in the case of taxes on income, there is tendency of their imposition to encourage or discourage particular activities.
1.1BACKGROUND OF THE STUDY
The significance of tax to the government and the state can not be over emphasized.However achieving a high level of revenue through tax is not always an easy fit to attain.Problems encountered includes inadequate staff, bribery and corruption, mismanagement of tax collected, poor accounting record, etc.But according to Adam Smith (1968), there are prospect the lies with the collection of tax.The research intends to investigate the problem and prospect of tax collection in internal revenue service in bauchi state.
1.2 STATEMENT OF THE PROBLEM
The problem confronting this research is to evaluate the problem and prospect of tax collection in internal revenue service of bauchi state.
1.3 RESEARCH QUESTION
1 What is the nature of taxation
1 What constitute the problems encountered in the collection of tax
2 What are the prospect of tax collection
3 What are the problems and prospect of tax collection in bauchi state
1.4 OBJECTIVE OF THE RESEARCH
1 To determine the nature of taxation
1 To appraise the problems and prospect of tax collection
2 To determine the problems and prospect of tax collection in bauchi
1.5 SIGNIFICANCE OF THE RESEARCH
The research shall elucidate the problems and prospect of tax collection and profer possible recommendations for effective tax administration.
1.6 STATEMENT OF THE HYPOTHESIS
1 Ho Tax revenue in bauchi is low
Hi Tax revenue in bauchiis high
2 Ho Problem of tax collection in bauchi is low
Hi Problem of tax collection in bauchi is high
3 Ho The prospect of tax collection in bauchi is low
HI The prospect of tax collection in bauchi is high
1.7 SCOPE OF THE STUDY
The study intends to appraise the problems and prospect of tax collection in bauchi state.
1.8 DEFINITION OF TERMS
TAX DEFINED
Tax is invariably an enforced contribution of money ,exacted pursuant to legislative authority if there is no valid statute by which it is imposed, a charge is not a tax.The classical purpose of taxation is the raising of funds to meet government expenditure.redistribution of wealth and the management of the economy.The tax system can also be used to direct the course of the economy.
PERSONAL INCOME TAX DEFINED
This is tax levied on income of individuals which is earned either from employment ,trade, business, vacation or profession.
This material content is developed to serve as a GUIDE for students to conduct academic research
DOWNLOAD THIS PROJECT MATERIAL NOW!
Advertise Here
Not what you were looking for? Perform a search
What's your project topic?
Comment on Facebook:
Related Project Materials
- 1.
INVESTIGATING FORENSIC AUDIT AS A PANACEA FOR PREVENTING CORPORATE FRAUD IN CAMEROON'S PUBLIC SECTOR
CHAPTER ONE INTRODUCTION 1.1 Background of the study The proliferation of financial crimes in these developing economies is concerning and catastrophi...More »
Item Type: Project Material | 54 pages | 667 engagements |
- 2.
INTERNAL AUDIT: EXAMINING ITS ROLE IN ENSURING ETHICAL CONDUCT IN CHENWI-ASSOCIATES, CAMEROON
INTERNAL AUDIT: EXAMINING ITS ROLE IN ENSURING ETHICAL CONDUCT IN CHENWI ASSOCIATES, CAMEROON CHAPTER ONE INTRODUCTION Background of the Study Auditin...More »
Item Type: Project Material | 54 pages | 556 engagements |
- 3.
EXTERNAL AUDIT AND QUALITY OF ACCOUNTING AND FINANCIAL INFORMATION IN THE CAMEROONIAN PUBLIC SECTOR
CHAPTER ONE INTRODUCTION 1.1 Background of the study The main purpose of external audit as a governance mechanism is to enhance the accuracy and trust...More »
Item Type: Project Material | 54 pages | 654 engagements |
- 4.
EXAMINING THE ROLE OF FORENSIC AUDIT IN DETECTING FINANCIAL FRAUDS IN THE CAMEROONIAN PUBLIC SECTOR:...
CHAPTER ONE INTRODUCTION 1.1 Background of the study Forensic auditing and forensic accounting are often used interchangeably. It has been officially ...More »
Item Type: Project Material | 54 pages | 587 engagements |
- 5.
EXAMINING THE IMPACT OF THE AUDIT REPORT ON INVESTMENT IN FINANCIAL INSTITUTIONS IN CAMEROON
CHAPTER ONE INTRODUCTION 1.1 Background of the study According to the Companies Act, all registered companies must present audited accounts to their s...More »
Item Type: Project Material | 54 pages | 549 engagements |
- 6.
EXAMINATION OF CHALLENGES ENCOUNTERED BY INTERNAL AUDITORS IN PUBLIC SECTOR AUDIT OF CAMEROON
CHAPTER ONE INTRODUCTION 1.1 Background of the study The demand for internal auditing mostly arises from the necessity for an independent verification...More »
Item Type: Project Material | 54 pages | 610 engagements |