EFFECT OF TRANSACTION TAXES ON ECONOMIC GROWTH IN NIGERIA 2002-2022: A COMPARATIVE ANALYSIS OF STAMP DUTIES AND CAPITAL GAINS TAX

Ogechukwu, Maria, Ngwoke and ODO, John Onyemaechi (2024) EFFECT OF TRANSACTION TAXES ON ECONOMIC GROWTH IN NIGERIA 2002-2022: A COMPARATIVE ANALYSIS OF STAMP DUTIES AND CAPITAL GAINS TAX. Journal of Current Practice in Accounting and Finance (JCPAF), 15 (7). pp. 1-21. ISSN 2836-9584

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Abstract

The research investigated effect of transaction taxes on economic growth in Nigeria 2002-2022: a comparative analysis of stamp duties and capital gains tax. The study's specific objectives were to determine the effect of stamp duties on real gross domestic product and to examine the effect of capital gain tax on real gross domestic product in Nigeria. The ex-post facto design method was used in this study while secondary data were used were gathered from various governmental agencies such as Federal Inland Revenue Service (IFRS) 2022 Statistics Report, the World Bank, UNDP, and OECD Stat. covering a period of 21years (2002-2022). Multiple regression models were employed via the Ordinary Least Square (OLS) method and it was found that Stamp duties and capital gain tax have significant effect on Real Gross Domestic Product in Nigeria as p-value of 0.00 < 0.05. the study concludes that Nigeria's real gross domestic product was significantly impacted by taxation taxes from 2002 to 2022. The study recommends that the values of taxation taxes which has contributed to the Nigerian economy should also be raised.

Item Type:	Article
Subjects:	H Social Sciences > HC Economic History and Conditions H Social Sciences > HJ Public Finance
Divisions:	Faculty of Management and Social Sciences
Depositing User:	mrs chioma hannah
Date Deposited:	30 Mar 2025 11:27
Last Modified:	30 Mar 2025 11:27
URI:	http://eprints.gouni.edu.ng/id/eprint/4450

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