IMPACT OF E-TAX ON REVENUE GENERATION IN NIGERIA

This study examined the impact of E-tax on revenue generation in Nigeria. the objectives of the study includes to: to examine effect of tax reform attitude on the revenue generation in Nigeria development, to examine the impact of manual method of tax collection on Nigeria internal revenue generation, to examine the tax pay usefulness of e tax on the revenue generation. The method of data analysis adopted includes the use of linear regression and analysis of variance (ANOVA) in order to determine on the relationship between the independent and dependent variables. Regression analysis is a statistical process for estimating the relationships among variables. It includes many techniques for modeling and analyzing several variables, when the focus is on the relationship between a dependent variable and one or more independent variables. The study showed that Nigeria captured more people into the tax net as there was a continuous increase in taxpayers’ cumulative growth (more than 20% each year); and found that the primary source of revenue generation in Nigeria was the internally generated revenue (IGR) in which tax revenue constituted about 80%. The result also showed that, on trend, between 1999 and 2005, there was no noticeable increase in revenue generated from tax; but from 2006, there was a sharp, steady and noticeable increase in the tax revenue generated. On the pattern of tax administration in the state, from 2006 the state concentrated more on Electronics tax with less dependence on other sources of internal revenue generation. The result further revealed that there was a long run relationship between the Electronics tax and revenue generated in Nigeria; thus, the Electronics tax had positive and significant effect on the revenue structure in Nigeria. The study concluded that Electronics tax had significantly contributed to revenue generation.