research work is focused on the impact of taxation law on investment activity
in Nigerian a case study of Global Soap and Detergent Industry Ilorin the study
appraises the significance of a taxation on private industries towards the
collection or attainment of the generation of revenue by Nigerian government
agencies. This project work will also look into the development and weakness or
challenges of VAT value added tax by the Nigerian industries. Tax are the most
important source of government revenue which study the impact of taxation Jaw
on investment activities in Nigeria could be extensive since there are lot of
different business activities in Nigeria. Such as manufacturing company,
wholesales, retail banking insurance, investment. Literature review is an art
of going through all available sources of information on ones chosen research
topic with a view to either taken by scholars. Taxes generally have a effect on
the profitability of investment tack c/ark said an understanding of some part
law is therefore essential to maximizing investment profit. Their endeavor to
give an understanding of tax laws affecting investment decision. Research
methodology of data collection is the major source of information used in this
study was published from the regulation and edited text.
research work will also look into the taxation investment insecurities,
municipal way of improving public facilities such as schools, playground, park
etc the research of management expenses of investment companies because in any
company there will be controlling, directing, organizing and supervising such
company for the improvement of the company. This work will also investigate on
the historical background of personal incce
the reform of the taxation before the desisting current system. Generally this
work will be the various institute of government uncharged of generating tax
from both individual and company structure of taxation imposed by the
government on private individual and companies. Though recommendation of project
shows the duty of government to provide incentive and tax benefits to the
private and public sector. Also reliable infrastructures and conducive economic
environment that would give inspiration to new investors while assisting old
one’s to perform better.
of content vii
1.1 Background of the study
1.2 Problem of the study
1.3 Research question
1.4 Research hypothesis
1.5 Plan of the study
1.6 Objective of the study
1.7 Significant of the study
1.8 Research methodology
1.9 Scope of the study
1.10 Definition of term
2.2 Philosophy of Nigeria taxation
2.3 Evaluation of Nigeria taxation
2.4 Effect of taxation on cash flow
return on investment and research in practical
2.5 Effect of taxation on personal
2.6 Personal income gain
3.1 Methodology and source of data
3.2 Interview on taxes from account
section of Global
Soap and Detergent Industry Limited
ANALYSIS AND INTERPRETATION OF DATA
4.1 Brief historical development
4.2 Organization structure chart
4.3 Presentation analysis and
4.4 Management expenses of investment companies
4.3 Federal income personal tax
4.4 Federal estate tax
4.5 Federal estate and gift taxes
CONCLUSION AND RECOMMENDATION
1.1 BACKGROUND OF THE STUDY
are the most important source of government revenue. A tax can be defined as a
compulsory levy imposed by a public authority one in comes, consumption and
production of goods and services. Taxes are levied on personal incomes
(consisting of salaries, business profit interest income divided royalties etc)
company profits, petroleum profit capital gains and capital transfers.
a payment or collection to be considered a tax, it should posses the following
It is a compulsory payment imposed by the government on the people residing in
the country. Since it is a compulsory leery, any person who refuses to pay a
tax is liable to punishment. A levy the payments of which is voluntary is not a
tax buy a contribution or donation.
A tax must be for common use. It must be for common good, the government uses
the revenue collected from taxes for providing hospitals, schools, public utility
services to which benefits every citizen of the nation.
A tax is not levied in return for any specific services rendered by the
government to the taxpayer. An individual cannot ask for any special benefit
from the government in return for the tax paid by him or her.
1.2 OBJECTIVE OF THE STUDY
objective of writing this project work is to view the impact of taxation law on
investment activities in Nigeria.
view of this fact, the study will take a look at whether business activities management
recorded nr prepared their financial statement as stipulated by the tax law.
the course of the study the researcher I shall also take a look at the concept
of tax law in Nigerian and also make suggestions and recommendation on taxation
1.3 SIGNIFICANCE OF THE STUDY
study would help in enlightening manager’s accountants, auditors, Business
consultants, tax collectors financial manager, government (federal, state and
local joint tax board state internal revenue board and federal board of Inland
Revenue board, about the impact of taxation law on investment activities in Nigeria.
will also give the likely suggestion solution to the problem-encountered in
taxation law and also highlight the necessary improvement on taxation law on
investment activities Nigeria.
1.4 SCOPE OF THE STUDY
study of the impact of taxation laws on investment activities in Nigeria could
be extensive since there are lot of different business activities.
Nigeria such as manufacturing wholesales; retail, banking insurance,
investment, financing, shipping, road and transportation of tax payment affect
the firm in an industry.
extent of this research is limited to the study of taxation and effect on a
company or two company’s activities in an industry. This impact on company is
typical of others and industry.
project research work also examines the impact of pay-as you-earn system of tax
collection af purchasing power of industry in pay employment and small trades
sending of some of the tax liabilities has also been considered in this course
o for the research work.
effort in providing a conductive economic environment that would inspire new
and encourage existing one towards a better performance through the provision
on incentive and tax be’-a-: a covered in this project.
1.5 RESEARCH METHODOLOGY
method of the study is a very crucial aspect in research work. However, several
research methods, are open for the use of the researcher, but the choice of
method will assist in evaluating the adequacy and efficiency of the research
finding and conclusion. Therefore, selecting a proper method of investigation
into a problem is a key consideration for due to the fact that the topic being
studied is not the type that every organization appreciates its importance
achievement of organization objectives. For this reason, the researcher as a
student decided to use ce’sc a interview in gathering the secondary data
required for the desired result.
1.6 DEFINITION OF TERMS
A tax can be defined as a compulsory levy imposed by the government of a nation
on the cores consumption and production of goods and services of the citizen.
It is a system of rules that a society or government develops in order to deal
with business agreement. social relationship and crime.
It is the activity of buying shares or putting money into a bank account in
order to obtain a return inform of divided or interest.
(IES): This can be defined as the services that required certain number of time
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