The impact of Personal Income Tax Act 2011 on the internally generated revenue of Edo State

Abstract

Personal Income Tax Act 2011 was accessed with the aim of investigating its impact on the internally generated revenue of Edo State. Non-experimental design was adopted. Data for the study were collected from Board of Internal Revenue, Edo State. Chow test was used to determine the impact Personal Income Tax Act, 2011 have on the internally generated revenue of Edo State. The result shows PIT Act 2011, has impacted on the internally generated revenue of Edo State from both private and public sector. The researcher advised among others that there should the introduction of electronics revenue monitoring and collection procedure which must incorporate the issuance of unique taxpayer personal identification number for all eligible taxpayers under the personal income tax law and finally, the internal revenue service department must be fully computerised in their operations to enhance the compilation of a comprehensive database for the taxpayers, for easy identification.