- The Complete Research Material is averagely 125 pages long and it is in Ms Word Format, it has 1-5 Chapters.
- Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦7,000
Get the complete project »
ABSTRACT
No doubt, the advent of Information and Communication Technology (ICT) has greatly
impacted human interaction ranging from political, religious, social and business transaction. The Information and Communication Technology (ICT) has contributed in a no small measure to the advancement in business transaction as it has taken the manner and channel of commercial transaction beyond the traditional method. Electronic Commerce, though a terminology recently introduced to the psyche of the Nigerian commercial transaction, it is fast gaining ground as it has contributed to the Gross Domestic Development. However, instead of government at national and at international levels to be benefitting from e-commerce in term of revenue to the government, the reverse is the case. Globally, taxation is a vexed question, and taxing electronic commerce creates additional challenges. This notwithstanding, electronic commerce holds tremendous potentials as a formidable source of governmental revenue in the light of globalization and increasing automation of commercial transactions in Nigeria. National and states tax authorities are struggling to find mechanisms to collect the anticipated significant revenues derived from taxing e-commerce profit. Government is yet to feel the impact electronic commerce in terms of revenue generation to the government. Therefore, this work examined the factors proved to be responsible for this ugly situation ranging from the fact that there is no extant law regulating electronic commerce in Nigeria to the archaic law on taxation which makes it practically difficult if not impossible to bring cyber income within the tax box, the ubiquitous nature of cyberspace where this electronic commerce takes place is being exploited as an avenue to evade and avoid tax payment, non-characterisation of electronic commerce to e-commerce in tangible products, intangible products and in services. The work employed the doctrinaire research methodology in analysing some tax statutes relating to taxation, examining the challenges in taxation of e-commerce which includes difficulties in exercising jurisdiction to tax cyber income, displacement of physical presence in electronic transactions, difficulties in assessment and computation of cyber income and lack of wherewithal on the part of the tax authorities in tracing of electronic commerce. It is quite unfortunate that there is no extant law regulating e-commerce in Nigeria the result of which is loss of revenue to the government. The worked was concluded by recommendations which are as a matter of necessity required for effective and efficient means by which e-commerce can be taxed.
12
CHAPTER ONE
GENERAL INTRODUCTION
1.1 Background to the Study
From the down of history, co-existence among human beings has always been shaped and
reshaped by certain events. These range from natural events and most of the times, events
brought about by man in a quest for better life.
Man‘s quest for a better life has brought about Information and Communication
Technology (ICT) which has greatly affected all aspects of human endeavours. It is a
regime that has shaped various aspect of human behaviour in way that is unprecedented.
The breakthrough in science which led to Information and Communication Technology
(ICT) has led to a world whereby business transactions can be carried out without the
parties involved having to come together physically for negotiation, performance and
payment for the goods bought or the services rendered. This of course is a system that was
not contemplated at the making of our law on business transaction and taxation in Nigeria
which has become a challenge to the government on revenue generation.
There is hardly any government today that does not rely on taxation measures not only to
provide the much needed revenue for socio-economic development but also to reduce the
inequalities in wealth distribution in the society1. Thus the need to finance and sustain
government and its machinery in the discharge of it responsibilities has been the traditional
connotation of taxation.2 In Nigeria like many other countries, the proceeds from taxation
which includes taxation of income profits, capital gains, property, entertainment,
merriment, sales or purchase of goods and services, stamp duties, excise duties, export
1Adeoye I (2008), Significance of Taxation in a Nation, Journal of Private and Commercial Law, Department of Private and Commercial Law, Faculty of Law, University of Ado-Ekiti Nigeria; Vol. 1, p.1 2 Akanle O(1991), The Government, The Constitution and The Tax Payer. In Akanle O.(ed.) Tax Law and Tax Administration, Nigeria Institute of Advance Legal Studies, Lagos, p1
13
duties etcetera constitute major sources of revenue for the government.3 It is therefore
means that we are in the era of tax consciousness among the various governments of the
Federations4 for each government from the state to Federal government is conscious of the
tax it is entitled to under the law.5
Tax collection and administration in Nigeria in this digital age poses challenges to both
You either get what you want or your money back. T&C Apply
You can find more project topics easily, just search
-
SIMILAR ACCOUNTING FINAL YEAR PROJECT RESEARCH TOPICS
-
1. ACCOUNTING INFORMATION SYSTEM AS A MEANS OF ENHANCING FINANCIAL MANAGEMENT OF TRANSPORT COMPANY
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The Nigerian Railway Corporation (NRC) has been in existence for years. It is regarded the larges...Continue Reading »Item Type & Format: Project Material - Ms Word | 113 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
2. AN ASSESSMENT OF ADEQUATE RISK RECOGNITION AND MANAGEMENT IN NIGERIAN INSURANCE COMPANIES (A case study of Leadway Assurance Company. Plc. Kaduna)
» CHAPTER ONE INTRODUCTION 1.0 BACKGROUND OF THE STUDY Insurance is a security device used by the inured to protect himself against a risk purchased fro...Continue Reading »Item Type & Format: Project Material - Ms Word | 59 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
3. THE ROLES OF ACCOUNTING FIRMS IN MONEY LAUNDERING IN NIGERIA (CASE STUDY OF ACCOUNTING FIRMS IN NIGERIA)
» CHAPTER ONE INTRODUCTION 1.1 Background to the Study Money laundering poses a serious threat to individuals, businesses, financial systems, markets an...Continue Reading »Item Type & Format: Project Material - Ms Word | 81 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
4. PROBLEMS OF TAX COLLECTION IN NIGERIA (A CASE STUDY OF UYO LOCAL GOVERNMENT AREA)
» ABSTRACT The federal structure in Nigeria constrains local governments’ ability to mobilize and use revenue to meet their obligation in a sustai...Continue Reading »Item Type & Format: Project Material - Ms Word | 71 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
5. THE EFFECT OF FINANCIAL ACCOUNTING REPORTING ON MANAGERIAL DECISION-MAKING
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Financial reports provides an overview of a business profitability and financial condition in bot...Continue Reading »Item Type & Format: Project Material - Ms Word | 95 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
6. THE IMPACT OF INDUSTRIAL TRAINING (IT) ON THE STUDENTS OF ACCOUNTANCY DEPARTMENT
» ABSTRACT This research work was carried out to find out the impact of industrial training on accountancy students of IMT Enugu.The project was divided...Continue Reading »Item Type & Format: Project Material - Ms Word | 67 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
7. IMPORTANCE OF ACCOUNTING TO NON PROFIT MAKING BUSINESS
» CHAPTER ONEINTRODUCTIONThe applications of Accounting Information have contributed to the growth and development of every business entity. Non profit ...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
8. THE IMPORTANCE OF FINANCIAL ACCOUNTING LITERACY ON THE GROWTH, DEVELOPMENT, SURVIVAL, PRODUCTION AND PERFORMANCE OF SMES IN KWARA
» CHAPTER ONE INTRODUCTION 1.1 Background of the Study Financial literacy remains an interesting issue in both developed and developing economies, and h...Continue Reading »Item Type & Format: Project Material - Ms Word | 50 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
9. THE EFFECT OF FIRMS CHARACTERISTICS ON REAL EARNINGS MANAGEMENT IN THE LISTED INDUSTRIAL GOODS FIRMS IN NIGERIA
» CHAPTER ONE INTRODUCTION 1.1 Background to the study Accounting information has been the major input in capital allocation decisions of investors and ...Continue Reading »Item Type & Format: Project Material - Ms Word | 113 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
10. THE IMPORTANCE OF ACCOUNTING INFORMATION IN MANAGEMENT DECISION MAKING PROCESS (A STUDY OF AKWA IBOM WATER COMPANY LTD, UYO)
» ABSTRACT Information is a life wire of every business organization. However, it is of various diversities, but accounting information was selected for...Continue Reading »Item Type & Format: Project Material - Ms Word | 79 pages | Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT