Abstract
The study was carried-out to assess the application of Taxpayer Identification Number (TIN) on Internally Generated Revenue in Kogi State. The related literatures were reviewed. The population of study comprises the Total Tax Revenue Before TIN (TRBT), Total Tax Revenue After TIN (TRAT), Internally Generated Revenue Before TIN (IGRBT) and Internally Generated Revenue After TIN (IGRAT). A number of statistical tools including tables and Regression were used to analysed the data and tests the hypotheses formulated. Our analysis of data revealed that, the internally generated revenue (IGR) before the introduction of TIN within (2003-2007) was not significant. Also, it was revealed that the introduction of TIN within (2008-2012) has witnessed a tremendous increase of internally generated revenue in Kogi State. We recommended that a holistic tax education should be carried out in order to keep the teeming taxpayers abreast of Taxpayer Identification Number programme in the state and also more registration centers should be created for ease of access and registration of taxpayers for the taxpayer identification number programme as oppose to the one and only a registration center in Lokoja to consolidate the TIN programme in the State DOI: 10.5901/mjss.2014.v5n20p38
Highlights
1.1 Background to the StudyTaxpayer Identification Number (TIN) is a 10 digit number that is unique to each taxpayer in Nigeria, for every individual and corporate organization i.e. taxable entities that earn a steady income.The Taxpayer Identification Number (TIN) is a platform which will harmonize taxpayer identification and registration in Nigeria; it will create closer linkage between the various tax authorities in Nigeria and, will aid corporation, information sharing and increase revenue generation accruing to all tiers of the governments (JTB Bulletin, 2011).Taxpayer Identification Number (TIN) is an initiative of the Joint Tax Board (JTB) in collaboration with the Federal Inland Revenue Service (FIRS) and the 36 State Boards of Internal Revenue (SBIR)
The following findings were arrived at: As much as statutory allocation from federation account is the major source of revenue to Kogi State Government, the internally generated revenue contributes to the total tax revenue of the State
The motive behind the introduction of unique taxpayer identification number was the need to move the registration of taxpayers in Nigeria from a manual uncoordinated process to an electronic, harmonized and structured system
Summary
Taxpayer Identification Number (TIN) is an initiative of the Joint Tax Board (JTB) in collaboration with the Federal Inland Revenue Service (FIRS) and the 36 State Boards of Internal Revenue (SBIR). It is an electronic system of taxpayers’ registration, which would uniquely identify all taxpayers and would be available nation wide. The TIN is aimed to have reliable and centralized data of information of all taxpayers in the country, which would allow the sharing of information among all tax authorities It creates a national platform for the registration and allocation of an identification number to all taxpayers to aid effective tax administration process.
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