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Value Added Tax Administration in Nigeria: An Inquiry into Irrecoverable Invoices

Applied Economics and Finance

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Field Value
 
Title Value Added Tax Administration in Nigeria: An Inquiry into Irrecoverable Invoices
 
Creator Nwanyanwu, Loveday A.
 
Description This paper discusses value added tax (VAT) administration in Nigeria and examines the relationship between irrecoverable invoices and VAT compliance. Twenty small and medium enterprises (SMEs) in the leasing, manufacturing and construction subsectors of the economy were sampled. Data were collected through a survey using questionnaire. Analyses were performed by means of descriptive statistics and Pearson product moment coefficient of correlation with the aid of statistical package for social sciences (SPSS). Findings indicate a statistically significantly moderate negative relationship between irrecoverable invoices and VAT compliance. The tax authority could use the findings to decide on the measures to adopt to achieve efficient VAT administration taking into consideration irrecoverable invoices. This study is of value for better comprehension of VAT administration, particularly by investors entering the Nigerian business environment for the first time. It also highlights irrecoverable invoices factor in enforcing VAT compliance in the context of SMEs.
 
Publisher Redfame Publishing
 
Contributor —
 
Date 2015-08-17
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://redfame.com/journal/index.php/aef/article/view/1042
10.11114/aef.v2i4.1042
 
Source Applied Economics and Finance; Vol 2, No 4 (2015); 43-49
2332-7308
2332-7294
 
Language eng
 
Relation http://redfame.com/journal/index.php/aef/article/view/1042/970