COMPANY INCOME TAX (CIT) REFORM AND INTERNALLY GENERATED REVENUE IN NIGERIA

Authors

  • John-Akamelu, Chitom Racheal, PhD Department of Accountancy, Nnamdi Azikiwe University, Awka, Anambra State,
  • Ezejiofor, Raymond Asika, PhD Department of Accountancy, Nnamdi Azikiwe University, Awka, Anambra State,
  • Ndum, Ngozi B., PhD Department of Accountancy, Nnamdi Azikiwe University, Awka, Anambra State,

Keywords:

Central Bank of Nigeria, , CIT reforms, internally generated revenue, Nigerian economy

Abstract

The main objective of this study is to evaluate the effect of CIT reforms on internally generated revenue in Nigeria from 2004 to 2019. Data were extracted from Central Bank Statistical Bulletin. The study employed regression analysis to test the formulated hypothesis with aid of E-View 9.0. Based on the data analyzed, the study revealed that Company Income Tax (CIT) has a significant effect on internally generated revenues in Nigeria. Based on the finding the study, the researchers recommended that there should be continuous review and reforms in the Nigeria company income tax to reflect the current realities of the modern economy since tax reform was found to have significant effect on revenue performance.

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Published

2022-09-10

How to Cite

John-Akamelu, C. R., Ezejiofor, R. A., & Ndum, N. B. (2022). COMPANY INCOME TAX (CIT) REFORM AND INTERNALLY GENERATED REVENUE IN NIGERIA. Journal of Global Accounting, 8(1), 31–39. Retrieved from https://journals.unizik.edu.ng/joga/article/view/1228

Issue

Vol. 8 No. 1 (2022): April

Section

Articles

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