CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Value Added Tax (VAT) was introduced in Nigeria by the report of a study group set up by the federal government in 1991 during the regime of the military president, General Ibrahim Badamasi Babangida. The study group came up with Value Added Tax (VAT). The alternation of the bases of tax and the credit system brought to tax led to the promulgation of the Vat Decree became effective from 1st December 1993. This idea, that is the introduction of VAT in Nigeria must be managed implement and administered by somebody. From the topic, administration can be seen as the ways and manners by which an institution, group, board, parastalals, government establishment etc are being run.
The day to day activities of an establishment will be channeled, run and administer for Vat to be effective, their must be an effective and efficient administration in the execution of Vat policies because of alternatives and uncertainties before them, the risk of making a wrong decision or choice in the administrative cadre will hinder the progress of Vat in the country. This is why efforts have been made to select capable hands and brains to man the affairs of Vat as established by Value Added Tax Decree (VATD) of 1993. The VAT are administered by Federal Board of Inland Revenue (FBIR) sub-section of provides that the board (FBIR) may do such thing as it may seen necessary and expedient for the assessment and collection of tax and shall account for all amount so collected in accordance with the provision of this decree with reference to section 3; paragraph 7, sub section 1 (3.7 (1) of the Value Added Tax Decree (VATD) no 102 of 1993. This research work will look into the effectiveness and efficiency of administration of VAT, merits and demerits.
replica rolex explorer 1 1016 says
200782 37441Directories such given that the Yellow Websites want not list them, so unlisted numbers strength sometimes be alive much more harm than financial assistance. 34946