PERSONAL INCOME TAX REFORMS AND REVENUE GENERATION IN ANAMBRA STATE
Keywords:
Anambra State Identity Number, Electronic Tax Filing System, Electronic Tax Payment System, Personal Income Tax Reforms, Revenue Generation, Tax Rate ReformAbstract
This study examined the effect of personal income tax reforms on revenue generation in Anambra State. The specific objectives of the study were to ascertain the extent to which electronic tax filing system, electronic tax payment system, the adoption of Anambra State Identity Number (ASIN) and tax rate reform enhances the internal revenue generated by Anambra State government. This study used triangulated research design. A sample size of 238 was determined using purposive sampling technique and consists of tax officials working with Anambra State Internal Revenue Service, Accountants and company representatives interfacing with the Board. The study made use of both primary data and secondary data for the study. The primary data for the study were collected through questionnaire administration. Secondary data for the study were collected from the Joint Tax Board (JTB) and Nigerian Bureau of Statistics between 2011 to 2022. Regression analysis was used in testing the study’s hypotheses. The findings were: electronic tax filing system significantly improves the internal revenue generated by Anambra State government (p-value =0.000); electronic tax payment system significantly contributes to the internal revenue generated by Anambra State government (p-value =0.000); the adoption of Anambra State Identity Number (ASIN) significantly enhances the internal revenue generated by Anambra State government (p-value =0.000); Tax rate reform significantly enhances the internal revenue generated by Anambra State government (p-value =0.000). In conclusion, the personal income tax reform in Anambra State, including the adoption of electronic systems, the introduction of unique identification numbers, and adjustments to tax rates, have collectively contributed to a more robust and efficient tax system that generates more revenue for the state while laying a foundation for potential sustainable economic development. The study recommended among others that the Anambra State Internal Revenue Service should actively promote and provide training programs for tax professionals, businesses, and individuals to encourage widespread adoption of the electronic tax filing system. This ensures a seamless transition and maximizes the benefits of efficiency and transparency offered by the digital platform..
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