A conceptual review of the challenges of effective tax collection from the informal sector in Kano, Nigeria
The informal sector is often referred to as unregulated financial undertakings and poses a serious challenge to government in relation to tax revenue collection. The main issue of concern is why a wide gap exists between the actual tax collections from the informal sector and the potential tax that...
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Institute for Management and Business Research (IMBRe), Universiti Utara Malaysia
2019
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my.uum.repo.273902020-08-26T13:56:52Z http://repo.uum.edu.my/27390/ A conceptual review of the challenges of effective tax collection from the informal sector in Kano, Nigeria Wambai, Usman Sani Kofar Derashid, Chek Ibrahim, Idawati HF5601 Accounting The informal sector is often referred to as unregulated financial undertakings and poses a serious challenge to government in relation to tax revenue collection. The main issue of concern is why a wide gap exists between the actual tax collections from the informal sector and the potential tax that should be collected. Thus, the main aim of this study is to identify and examine some of the challenges militating against effective tax collection from the informal sector in Kano State, Nigeria. The paper is literature based, as such, it critically examines current literature on tax collection. It was discovered that issues such as reliance on cash based transactions, absence of required records and weak tax laws are some of the challenges preventing effective tax collection from the informal sector. It is therefore recommended that tax collection from the informal sector could be enhanced when government educates the informal operators, strengthens tax laws, emphasize on adequate records keeping and simplify the formalization procedures. Institute for Management and Business Research (IMBRe), Universiti Utara Malaysia 2019 Article PeerReviewed application/pdf en http://repo.uum.edu.my/27390/1/JBMA%209%201%202019%201%2013.pdf Wambai, Usman Sani Kofar and Derashid, Chek and Ibrahim, Idawati (2019) A conceptual review of the challenges of effective tax collection from the informal sector in Kano, Nigeria. Journal of Business Management and Accounting (JBMA), 9 (1). pp. 1-13. ISSN 2231-9298 http://e-journal.uum.edu.my/index.php/jbma/article/view/8737 |
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HF5601 Accounting Wambai, Usman Sani Kofar Derashid, Chek Ibrahim, Idawati A conceptual review of the challenges of effective tax collection from the informal sector in Kano, Nigeria |
description |
The informal sector is often referred to as unregulated financial undertakings and poses a serious challenge to government in relation to tax revenue collection. The main issue of concern is why a wide gap exists between the actual tax collections from the informal sector and the potential tax that should be collected. Thus, the main aim of this study is to identify and examine some of the challenges militating against effective tax collection from the informal sector in Kano State, Nigeria. The paper is literature based, as such, it critically examines current literature on tax collection. It was discovered that issues such as reliance on cash based transactions, absence of required records and weak tax laws are some of the challenges preventing effective tax collection from the informal sector. It is therefore recommended that tax collection from the informal sector could be enhanced when government educates the informal operators, strengthens tax laws, emphasize on adequate records keeping and simplify the formalization procedures. |
format |
Article |
author |
Wambai, Usman Sani Kofar Derashid, Chek Ibrahim, Idawati |
author_facet |
Wambai, Usman Sani Kofar Derashid, Chek Ibrahim, Idawati |
author_sort |
Wambai, Usman Sani Kofar |
title |
A conceptual review of the challenges of effective tax collection from the informal sector in Kano, Nigeria |
title_short |
A conceptual review of the challenges of effective tax collection from the informal sector in Kano, Nigeria |
title_full |
A conceptual review of the challenges of effective tax collection from the informal sector in Kano, Nigeria |
title_fullStr |
A conceptual review of the challenges of effective tax collection from the informal sector in Kano, Nigeria |
title_full_unstemmed |
A conceptual review of the challenges of effective tax collection from the informal sector in Kano, Nigeria |
title_sort |
conceptual review of the challenges of effective tax collection from the informal sector in kano, nigeria |
publisher |
Institute for Management and Business Research (IMBRe), Universiti Utara Malaysia |
publishDate |
2019 |
url |
http://repo.uum.edu.my/27390/1/JBMA%209%201%202019%201%2013.pdf http://repo.uum.edu.my/27390/ http://e-journal.uum.edu.my/index.php/jbma/article/view/8737 |
_version_ |
1677783827516227584 |
score |
13.154949 |