IIARD International Institute of Academic Research and Development

Journal of Accounting and Financial Management (JAFM )

E-ISSN 2504-8856
P-ISSN 2695-2211
VOL. 10 NO. 9 2024
DOI: 10.56201/jafm.v10.no9.2024.pg246.258

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Value Added Tax and Revenue Yield in Delta State Nigeria

Akinsete, Temitope Reuben, Ven. Prof. Onuora, J.K.J

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Abstract

The study examined the effect of value added tax on the revenue yield of Delta State. Ex-post facto research design was deployed in the study. Data for this study were obtained from secondary sources, including the Delta State Government financial records, and the National Bureau of Statistics. The data encompassed a ten-year fiscal period from 2014 to 2023. Descriptive analysis was used to summarize the data. To test the null hypothesis concerning the effect of VAT on revenue yield, the Ordinary Least Squares (OLS) multiple regression technique was utilized. The finding revealed that VAT has a significant positive effect on the revenue yield of Delta State, with a coefficient of 14.15484 (p-value: 0.0000). In conclusion, harnessing the broad-based nature of VAT enables Delta state to continue to enhance its fiscal stability and fund essential public services, contributing to the region's overall development and economic resilience. The study therefore recommended that Delta State Government should implement targeted public awareness campaigns to educate citizens and businesses about the importance of VAT compliance in order to enhance collection rates and further boost revenue yield.

keywords:

Value Added Tax, Revenue Yield, Delta State

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