Abstract
This paper examined the effect of tax identification number on revenue generation in south-west, Nigeria. The ex-post facto research design was adopted and the population covered all the states in the Southwest geopolitical zone of Nigeria, out of which three states namely Ekiti, Osun and Ondo States were selected as the study elements using simple random sampling technique. Quantitative secondary data were sourced from the State Board of Internal Revenue of the sampled states spanning from 2008-2017 for a period of 10 years segregated into Pre-TIN (2008-2012) and post-TIN (2013-2017). The analysis used mean and sampled paired t-test to reveal that there was a positive and significant difference between internally generated revenue of the sampled states before and after the introduction of TIN. The paper concluded that TIN has improved revenue generation in Southwest, Nigeria. The study recommended that intermittent checks of all the platform related to TIN should be carried out so as to detect and prevent abuse and other fraudulent activities. It was equally recommended that regulatory agencies of the government should enlighten taxpayers on the benefit of Tax Identification Number (TIN) to improve revenue generation. Key words: Tax identification number, revenue generation, taxpayers.
Highlights
The growth and development of any nation are based on revenue generation through which government improves the infrastructural base and the living standard of people
Data were collected on Internally Generated Revenue for the period of 10 years segregated into Pre-Tax Identification Number (TIN) (2008-2012) and post-TIN (2013-2017)
Overview of the trend analysis reveals that the introduction of Tax Identification Number (TIN) produces increase in the internally generated revenue of the South-Western States in Nigeria
Summary
The growth and development of any nation are based on revenue generation through which government improves the infrastructural base and the living standard of people. This informs that a nation with high revenue generation might perform better in the form of payment of salary and wages, infrastructural development, development of small and medium scales among others (Abiola and Asiweh, 2012). In most developing countries, it appears that governments are yet to fully enhance the generation of tax revenue owing to system dysfunctions in terms of social, economic and political interplay; overdependence on foreign grants and aids; poor registration of taxpayers; corrupt practices and unorganized administration process of the tax system (Akintoye and Tashie, 2014).
Sign-in/Register to view highlights & summary 
Published Version (
Free)
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call