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Effect of Adoption of Taxpro Max on Firs Tax Remittance in Nigeria

Journal: International Journal of Trend in Scientific Research and Development (Vol.6, No. 1)

Publication Date:

Authors : ;

Page : 1348-1355

Keywords : TaxPro-Max; Online Taxes; Online Returns Filing; Tax Remittance;

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Abstract

Background TaxPro Max was instituted by the Federal Inland Revenue Service FIRS , as part of its efforts to modernize tax administration, tax management solution and facilitate tax compliance in Nigeria. Aim This study was carried out to examine the effect of adoption of TaxPro Max on FIRS tax remittance in Nigeria. In order to determine the relationship between TaxPro Max and FIRS tax remittance, the study proxy TaxPro Max using online taxes and online returns filing. Materials and Methods The study adopted a Survey Design and data were collected using questionnaire survey administered to the staff of Federal Inland Revenue Service FIRS . Out of 90 copies of questionnaire administered to FIRS both at Awka and Onitsha respectively, 80 copies of questionnaire were retrieved and were used in the data analysis for the study. Results Using Friedman's ANOVA, the findings of the study indicate a positive and significant relationship between TaxPro Max for online taxes, TaxPro Max for online returns filing and tax remittance by FIRS at 1 and 5 significant level respectively. Conclusion Thus, the study concludes that the adoption of TaxPro Max enhances internally generated revenue and tax remittance by FIRS. Recommendation Hence, the study recommended the need for the adoption of TaxPro Max which could enhance the revenue generation and tax remittance other than the former manual collection where most of the collected taxes and levies are not remitted to the government. Obiora Fabian | Sunday David "Effect of Adoption of Taxpro-Max on Firs Tax Remittance in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-1 , December 2021, URL: https://www.ijtsrd.com/papers/ijtsrd48006.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/48006/effect-of-adoption-of-taxpromax-on-firs-tax-remittance-in-nigeria/obiora-fabian

Last modified: 2022-07-12 19:59:15