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THE IMPACT OF ICT ON TAXATION: EVIDENCE FROM OYO STATE

Tajudeen Adegbite, Mustapha Bojuwon and Adenike Foluke Adegbite ()
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Adenike Foluke Adegbite: Al-Hikmah University, Nigeria

Copernican Journal of Finance & Accounting, 2019, vol. 8, issue 4, 7-25

Abstract: This study investigated the impact of ICT on revenue generated from tax in Oyo State. Primary data were collected through administered questionnaire from staff of Oyo State board of internal revenue service and other taxpayers. Three hundred and fifty (350) questionnaires were distributed and administered among the staff of state board of internal revenue service and tax payers out of which 300 was returned. Data were analyzed using descriptive statistics, chi- square, ANOVA and Multivariate Analysis of Variance and Covariance (MANOVA) to test the hypothesis formulated. It is concluded that ICT has positive significant and statistical impact on tax revenue generation in Oyo State. ICT is a highly effective tool which enhances taxation cash inflow in the state. It is suggested that government should lay much emphases on digital tax through good governance practices on ICT with a comprehensive accounting platform which would improve the productivity of assigned tax authorities in more accurate, effective, and accountable manner.

Keywords: ICT; taxation; chi-square; MANOVA; revenue (search for similar items in EconPapers)
Date: 2019
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