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Assessing The Impact Of Tax Pro-Max On Tax Revenue And Collection Efficiency In Nigeria

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Abstract

This study investigates the impact of the TaxPro-Max system on tax revenue and collection efficiency in Nigeria. Tax achievement rate is used as a measure of collection efficiency in this study. Utilizing paired sample t-tests on FIRS tax remittance data (2019-2023), the study reveals significant improvements in tax revenues and collection following TaxPro-Max implementation. Petroleum Profit Tax (PPT) revenues surged by 131%, while Value Added Tax (VAT) revenues had a remarkable 62% increase. However, the collection achievement rate increase of 147% for PPT was not statistically significant. Conversely, the collection achievement rates for Company Income Tax (CIT) and VAT exhibited substantial leaps, rising by 16% and 37%, respectively. These findings highlight the potential of TaxPro-Max in bolstering tax collection in Nigeria. The substantial increase in CIT and VAT revenues reflects the system’s positive impact on revenue generation. The study recommends that FIRS focus on addressing any lingering challenges associated with PPT collection and exploring avenues for further system optimization.

Suggested Citation

  • Peace Abigail, PETER,, 2023. "Assessing The Impact Of Tax Pro-Max On Tax Revenue And Collection Efficiency In Nigeria," Journal of Taxation and Economic Development, Chartered Institute of Taxation of Nigeria, vol. 22(2), pages 70-84, September.
    • Handle: RePEc:ris:jotaed:0080
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    Keywords

    TaxPro-Max; Tax Administration; Electronic tax management;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy

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