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. 6 2024
DOI: 10.56201/jafm.v10.no6.2024.pg105.121

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Tax Computerization and Capital Gains Tax Revenue in Nigeria

Eyetuoma Oghenerukevwe Edna, Dr. Oladele Olatunde FCA and Dr. Prince Dordum ACA

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Abstract

This study examined the relationship between capital gains tax revenues and electronic tax registration and filing from 2016 to 2021 in Nigeria's post-electronic tax environment. In this study, survey research was used to gather data from 128 Federal Inland Revenue Service (FIRS) workers spread across Rivers State through the use of questionnaires. With the aid of SPSS version 25.0, analyses were carried out utilizing the spearman rank order correlation technique and descriptive statistics. The findings show a favorable and statistically significant correlation between capital gains tax income and electronic filing and registration. Based on the data, we draw the conclusion that, if successfully implemented, there is a chance that Nigeria's capital gains tax collection might be boosted by the computerized tax system. The research recommends that the Federal Inland Revenue Service launch additional educational campaigns to increase public awareness of the usage of all electronic services for capital gains tax registration and filing on their platform, given the aforementioned findings.

keywords:

Electronic Registration, Electronic Filing, Capital gains tax Revenue.

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