Effect of Online System of Taxation on Nigerian Economic Growth (2005- 2020)

Agbo, Elias Igwebuike and George, Evangel U (2022) Effect of Online System of Taxation on Nigerian Economic Growth (2005- 2020). GOUni Journal of Faculty of Management and Social Sciences, 10 (1). pp. 143-159. ISSN 2550-7265

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This study titled “the effect of online system of taxation on economic growth in Nigeria covering the period 2005-2020”. Data for the research was extracted from the Central Bank of Nigeria (CBN) Statistical Bulletin, 2020. The multiple regression with the application of Ordinary Least Square (OLS) technique was employed in obtaining the numerical estimates of the co-efficient in different equations (Pre-Online and Post-Online Tax Regimes). The One�Sample Test was employed to estimate the difference between pre-online and post�online taxation system on economic growth in Nigeria. The major findings of the study revealed that pre-online tax revenue has a negative and non-significant effect on economic growth in Nigeria, post-online tax revenue has a positive and significant effect on economic growth in Nigeria and there is significant difference between Pre and Post Online tax revenue in Nigeria. It is the recommendation of the study that there should be stringent penalty imposed on any individual or corporate body who indulges in any form of tax malpractices irrespective of states, if the positive impact of tax revenue on economic growth should be maintained and the online-tax system should be constantly reviewed so as to address emerging problems and to evolve with the changing economic landscape and increased complexity of today’s business environment.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Natural and Applied Sciences
Depositing User: mrs chioma hannah
Date Deposited: 23 Mar 2023 09:57
Last Modified: 23 Mar 2023 09:57
URI: http://eprints.gouni.edu.ng/id/eprint/3963

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