An Approval of Pay-As-You-Earn System of Taxation in Nigeria

An Approval of Pay-As-You-Earn System of Taxation in Nigeria (A Case Study of Nsukka Local Government Area)

ABSTRACT

The purpose of this research work is to describe the practical approach to an appraisal of the pay-as-you-earn system of taxation concerning the Nsukka local government area. To guide this study, two hypotheses were formulated. A review of the literature was done to ensure a solid conclusion for the study. A structural questionnaire was developed and administered by the analysis adopted in this research work was chi-square, this method by the researcher to ensure that the results obtained were real and not by chance.
Based on the above statement some of the major findings include the presentation of data and their analysis. Chapter five is discussing the findings made by the researcher and recommendations as well as the conclusion.

Conclusively, the researcher will add to the existing literature on an appraisal of the pay-as-you0-earn system of taxation. Scope of study and limitation talk about the areas the researcher is going to touch when discussing on the appraisal of the pay-as-you-earn system of taxation system are place or area that have been unable to buy researched upon to time.

TABLE OF CONTENT

Title page …………………………………………………….(i)
Approval page…………………………………………… ….(ii)
Dedication……………………………………………… .….(iii)
Acknowledgement…………………………………………….(iv)
Abstract……………………………………………………….(v)
Table of contents…………………………………………………..
CHAPTER ONE
0.1 INTRODUCTION ………………………………………………
1.1 Statement of Problem…………………………………….
1.2 Purpose of the Study …………………………………….
1.3 Significant………………………………………………..
1.4 Statement of Hypothesis…………………………………
1.5 Scope of the Study…………………………………………..
1.6 Limitation of the study……………………………………
1.7 Definition of terms……………………………………..
CHAPTER TWO
2.0 REVIEW OF RELATED LITERATURE………………
2.1 Definition of Taxation…………………………………..
2.2 Functions of Taxation ……………………………………..
2.3 Ways of Regulating Taxation …………………………….
CHAPTER THREE
3.0 RESEARCH DESIGN AND METHODOLOGY
3.1 Sources of Data ……………………………………………
Primary Data…………………………………………
Secondary Data…………………………………….
3.2 Samples used……………………………………………….
3.3 Method of Investigation …………………………………….
CHAPTER FOUR
4.0 Data Presentation and Analysis……………………………
4.1 Data Presentation and Analysis……………………………
4.2 Text of Hypothesis…………………………………………
CHAPTER FIVE
5.0 SUMMARY OF FINDINGS CONCLUSION AND RECOMMENDATION
5.1 FINDINGS …………………………………………………
5.2 CONCLUSION ……………………………………………
5.3 RECOMMENDATION ……………………………………
BIBLIOGRAPHY……………………………………………
APPENDIX…………………………………………………

CHAPTER ONE

1.0 INTRODUCTION

The global economic recession, which started in the 1980s as a result of the decline in the economic growth of industries nation, high rate of inflation, dramatics rise in the price of crude oil, increase the cost of importing a massive building-up of liquidity in the international capital market and unusual fluctuation in commodity prices was not fully felt in Nigeria until 1982 when the developed countries applied a series of restructuring monetary and fiscal policies to curtail the aforestated problems.

Seventeen years ago, precisely in 1983, the world bank report that the continuing recession in the industrial world several constrained developed countries growth in 1982. Weakness in the price of oil created difficulties for oil-exporting developing countries.

Reporting specifically on Nigeria, the bank stated that foreign exchange resources declined in 1982 from a level equivalent to three months worth. Investment, equal to about a third of gross domestics product (GDP) in 1980 –1981, has been radically reduced as both foreign exchange and government resource contract (85% of government revenue, both federal and states are directly generated from oil export).

An attempt to wriggle the country out of its financial predicament led to the initial series of belt-tighten measures since 1982 to date.

These measures include:

Ban on import of a large number of goods especially taxes on luxury goods, enforcement of trick exchanges control reputation liberalized during the earlier boom, wages and ban on employment in the public sector, increased external