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AUTHOR(S): Ajetunmobi Opeyemi, Ojeka Stephen, Fakile Samuel, Felicia Olokoyo, Godswill Osuma, Eluyela Damilola
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TITLE Tax Reforms, Digitalisation and Government Revenue in Nigeria |
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ABSTRACT In Nigeria, tax income collection has become a crucial policy goal for the government. While the government can do little in the near short run to affect the structural drivers of tax revenue (which arise from the economy's fundamental dimensions), it can change other elements that influence the contribution of taxes to overall revenue by implementing relevant reforms. The influence of tax reforms and digitalisation on government income in Nigeria is therefore investigated in this study. The study focuses on evaluating the distributional outcomes of tax revenue and digitalisation on both federal and state government revenues. Ex-post facto research design is adopted in the study and both descriptive and inferential analysis of the hypothesized relationships is performed in this paper. The relationships are analyzed using annual secondary data from 1996 to 2020 and a dynamic framework based on the autoregressive distributed lag (ARDL) approach to cointegration. The study established that over time, Companies Income Tax reforms improved federal government revenues, but inhibited state government revenues (SGR) in Nigeria. It is therefore recommended that the conduct of fiscal reforms in Nigeria should evolve to become more of a bottom-top approach where all tiers of government (Federal, State and Local) are carried along at all times. |
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KEYWORDS Government Revenues, Tax Reforms, Digitalisation, CIT, VAT, TIN |
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Cite this paper Ajetunmobi Opeyemi, Ojeka Stephen, Fakile Samuel, Felicia Olokoyo, Godswill Osuma, Eluyela Damilola. (2022) Tax Reforms, Digitalisation and Government Revenue in Nigeria. International Journal of Economics and Management Systems, 7, 281-299 |
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