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Determinants of Taxable Capacity in Nigeria

Author

Listed:
  • Bassey Eyo Bassey

    (Department of Accounting,University of Calabar, Cross River State-Nigeria, Nigeria)

  • Eme J. Efiong

    (Department of Accounting,University of Calabar, Cross River State-Nigeria, Nigeria)

Abstract

This study is centered on the determinants of taxable capacity in Nigeria, with taxable capacity viewed as the ability of the taxed person to bear the burden of the tax in relation to their source of income without experiencing a reduction in standard of living, or margin of profit and investment in the case of firms. The study employed desk survey research design, and data obtained from secondary sources and analysis conducted using the ordinary least square technique. The results from the regression analysis and the test of hypotheses revealed that the relationship between inflation and taxable capacity in Nigeria was negative and statistically insignificant. Also, the results showed that both the degree of economic openness and the level of economic development positively and significantly affected taxable capacity in Nigeria. The study recommended that the Nigerian government should create an enabling environment that will facilitate international trade and provide the necessary facilities for the efficient and effective administration of taxes on the income generated from the global market as these will go a long way in providing revenue for the government.

Suggested Citation

  • Bassey Eyo Bassey & Eme J. Efiong, 2018. "Determinants of Taxable Capacity in Nigeria," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 4(6), pages 42-51, September.
    • Handle: RePEc:mgs:ijmsba:v:4:y:2018:i:5:p:42-51
    DOI: 10.18775/ijmsba.1849-5664-5419.2014.46.1005
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    Citations

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    Cited by:

    1. Richard Adeleke, 2022. "Spatial variability of the predictors of government tax revenue in Nigeria," SN Business & Economics, Springer, vol. 2(1), pages 1-20, January.

    More about this item

    Keywords

    Degree of Economic Openness; Inflation; Level of economic development; Social Amenities; Taxable Capacity;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

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