You have no items in your shopping cart.
ABSTRACT
It is impossible to overstate the importance of Value Added Tax (VAT) in generating funds from the public. This extensively utilized tax tool is employed by nations all over the world as a reliable method of generating funds for the government. In terms of who pays the tax, it makes no distinction between the wealthy and the poor. It is frequently linked to a multistage tax that is imposed on the value added at each stage of the production and distribution of go ods and services by each business organization. Because it has generated the most funds as well the most power to redistribute wealth throughout the history of taxes, the VAT is the cornerstone of the tax system in Nigeria.The appr oach to VAT in Nigeria is typically justified since it is more practical and simpler to implement when compared to other taxes choices. This research is centered on the impact of VAT in promoting sustainable economic development in Lagos State. The first chapter introduces us to the background, objectives and significance of the study with certain questions to be addressed. In chapter two, we analysed the genesis, structure and development of VAT in Nigeria. In chapter three, we examined the Lagos State administration of VAT LAW in conjunction with its regimes and policy considerations. In chapter four, we analysed the impact of VAT in promoting sustainable economic development in Lagos State. In the last chapter, we summarised our findings and made certain attempts to appraise the considerations and recommendations on how efficient this VAT law can help improve the economy of Lagos State was addressed.
