ABSTRACT
This project on the effect of value added tax on Nigeria industries is an evaluation of value added tax as a tool for revenue generation for economic development of the country. The main objective of the project are to enable the readers companies, the government and the general public at large to have full understanding of value added tax (VAT) as a form of tax and find out weathered this tax system has any significant effect on industries. To achieve these objective, the project was divided into three chapter and preliminary pages and appendix for clarification. Chapter one death with the introduction, establishing the objective of the study short in it also looked at statement of problem, significant of the study scope, limitation of the study and definition terms. Chapter two dealt with literature review it consist of extract from text book, new paper journals and other periodicals. Chapter three include the summary, conclusion and recommendation.
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF STUDY
Value added tax is a concept in Nigeria introduction in January 1994.It antecedent contract to 1987 when structural adjustment programme [SAP]was introduced in the country. The architects of (SAP) which include the world bank and international monetary fund (IMF) had advised on total review of tax system in the country as a panacea for economic recovery. The federal military government responded by setting up several committee in succession, which culminated in the introduction of VAT in 1994 through decree 102 promulgated in 1993. Prior to the introduction of vat, sales tax had been in operation. Following recommendation from the committee, sales tax was abolished and VAT introduced as its replacement