EFFECT OF E-TAXATION SYSTEM ON GOVERNMENT TAX REVENUE IN NIGERIA

Akadakpo Bukola Adefunke and Imonitie Osariemen Mayowa

Journal of Academic Research in Economics, 2024, vol. 16, issue 2 (July), 221-238

Abstract: This study examines the effect of e-taxation system on government tax revenue in Nigeria, employing hypothesis testing and regression analysis to explore key influencing factors such as awareness levels, behavioral responses, technological advancements, and demographic variables. The study finds that while there is a statistically significant relationship between awareness levels and the distinction between businesses and individuals, the impact of awareness alone on e-taxation effectiveness is relatively weak. However, positive behavioral responses to e-taxation initiatives significantly enhance government revenue, highlighting the critical role of fostering responsible taxpayer behavior. Technological advancements, such as block chain and digital currencies, show a strong positive correlation with the efficiency and effectiveness of e-taxation systems, this underscores the necessity of ongoing investment in cutting-edge technologies to maintain and improve e-taxation infrastructure. Additionally, demographic factors such as age, education, and income significantly influence the adoption and effectiveness of e-taxation policies. The study recommended that a targeted awareness campaigns segmented by demographics (age, income level, location) and business types should be developed. Also, appropriate communication channels (social media, SMS, workshops) tailored to each segment to ensure clear and effective messaging should be utilized. Focus should be on educating taxpayers about the benefits of e-taxation systems, such as convenience, efficiency, and security. Similarly, initiatives that incentivize timely tax filing, accurate reporting, and efficient utilization of e-taxation platforms should be implemented.

Keywords: e-Taxation; Government Revenue; Nigeria; Behavioral Responses; Technological Advancements; Demographic Variables. (search for similar items in EconPapers)
JEL-codes: E21 E71 F62 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:shc:jaresh:v:16:y:2024:i:2:p:221-238

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