EFFECT OF INDIRECT TAXATION ON ECONOMIC SUSTAINABILITY IN NIGERIA 2002-2022
Abstract
The research investigated effect indirect taxes economic sustainability in Nigeria with focus on Nigerian economy. The study's specific objectives were to determine the effect of value added tax on real gross domestic product and evaluate the effect of custom and excise duties on real gross domestic product in Nigeria; The ex-post facto design method was used in this study while secondary data were used were gathered from various governmental agencies such as Federal Inland Revenue Service (IFRS) 2022 Statistics Report, the World Bank, UNDP, and OECD Stat. covering a period of 21years (2002-2022). Multiple regression models were employed via the Ordinary Least Square (OLS) method and it was found that value added tax, custom and excise duties have significant effect on Real Gross Domestic Product in Nigeria as p-value of 0.00 < 0.05. the study concludes that Nigeria's real gross domestic product was significantly impacted by indirect taxation from 2002 to 2022. The study recommends that the values of indirect taxes which has contributed to the Nigerian economy should also be raised.
Keywords:
Indirect taxes, Economic sustainability, Value added tax, Custom and excise dutiesDownloads
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Copyright (c) 2024 Ogechukwu Maria, Ngwoke

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