The Effect Of Value Added Tax In Nigeria

ABSTRACTThis research work was aimed at study “the effect of value added tax in Nigeria, which has poses a lot of question in the inquisitive mind of some people as to “why” and “how” of the introduction. The reason of this study is to replace the existing sales tax which was a nationally levied tax, and objective of (VAT) are. To make room for more saving and subsequent investment since it minimizes consumption. To limit Nigerian from total dependence or oil revenue To maintain even tax incidence across various stage production  To promote exports and discourage import because product fo…