Editorial Board


Editor-in-Chief

Professor Rafiu Oyesola Salawu

Department of Management & Accounting, Faculty of Administration, Obafemi Awolowo University, Ile-Ife

Managing Editor

Professor Godwin Emmanuel Oyedokun

Department of Management & Accounting, Lead City University, Ibadan, Nigeria

Editorial Board Secretary

Mary-Fidelis Chidoziem Abiahu

Director, Research and Professional Standard, Chartered Institute of Taxation of Nigeria


Editorial Board Members

Professor Chinedum Nathaniel Nwezeaku

Federal University of Technology, Owerri

Professor John Adeoti

Nigeria Institute of Social and Economic Research (NISER), Ibadan

Professor Uche Jack-Osimiri

Faculty of Law, River State University, Port Harcourt

Professor Aruwa Suleiman Akwu-Odo Salihu

Nasarawa State University, Keffi Nasarawa State Nigeria

Dr. Eiya Ofiafoh Ofiafoh (Associate Professor)

Department of Accounting, University of Benin, Benin City, Nigeria

Dr. Stephen Chukwuemeka Mark Abani

MCSA Worldwide Projects Limited, Abuja, Nigeria

Dr. Kenny Adedapo Soyemi

Department of Accounting, Olabisi Onabanjo University, Ago Iwoye, Ogun State, Nigeria

Professor Joseph Uchenna Uwaleke

Department of Banking & Finance, Nasarawa State University, Keffi Nasarawa State, Nigeria

Barrister Chukwuemeka Eze

Faculty of Law, Nasarawa State University, Keffi Nasarawa State, Nigeria

Mr. Simon Nwanmaghyi Kato

Federal Inland Revenue Service, Chairman’s Office, Abuja, Nigeria

Recent Journals

Hits: 42
Open Access Journal

EFFECT OF TAX REVENUE ON PUBLIC DEBT AND CAPITAL EXPENDITURE IN NIGERIA

Authors: Ntekpere Ukeme A. and Olayinka Ifayemi M.

Abstract The citizens' need for accountability by the governments' continuous receipt of tax revenue without a corresponding reduction in public debt and increase in capital expenditure has raised questions on the effect of tax revenue on public debt and capital expenditure. It is against this background that the study examines the effect of tax rev ...Read More


Hits: 19
Open Access Journal

FAIR VALUE GAINS AND LOSSES AND PERCEPTIONS OF EARNINGS QUALITY: EVIDENCE FROM NIGERIAN DEPOSIT MONEY BANKS

Authors: Gospel J. Chukwu, Godwin Israel Ebirien, Fiito K. Peekate and Amos Namapele

Abstract The need to increase the quality of reported earnings in Nigeria has led to many efforts, including the adoption of International Financial Reporting Standards, which introduced fair value measurement for certain assets and liabilities. This study determined whether the perception of investors on the quality of earnings reported by banks is ...Read More


Hits: 22
Open Access Journal

ACHIEVING TRANSPARENT IFRS FINANCIAL REPORTING IN NIGERIA AND GHANA: THE B & B MODEL EFFECT

Authors: NWOYE, Ugochukwu John , ADENIYI, Segun I. and ABIAHU, Mary-Fidelis Chidoziem.

Abstract In Africa, the transparency quality of financial disclosures appears to rank below expectations after several years of adopting IFRS. Some scholars advocate for the deployment of multi investigative models as a complement during Financial Statements audit to help secure reasonable transparency in IFRS financial reporting. As a result, this ...Read More


Hits: 17
Open Access Journal

DETERMINANTS OF TAX COLLECTION BY LOCAL GOVERNMENTS: EMPIRICAL EVIDENCE FROM KWARA STATE

Authors: Mohammed Yaru

Abstract Local governments in Nigeria depend so much on monthly statutory allocations from the federation account. The allocations have not only been insufficient in meeting the financial needs of local governments but are also characterised by uncertainties and volatilities. Debt profiles of local governments have mounted as a result. Looking inwar ...Read More


Hits: 21
Open Access Journal

COVID-19 CHARITABLE DONATIONS AND TAX SHIELD OF DONORS IN NIGERIA

Authors: Cletus O. Akenbor

Abstract This study aimed at investigating the extent to which covid-19 charitable donation affects tax shield of donors in Nigeria. The study adopted a survey research design, and the population of the study consisted of donors of the N500 billion covid-19 crisis intervention fund established by the Federal Government of Nigeria to contain the effect ...Read More


Hits: 6
Open Access Journal

Volume 19 No 1- Preliminary Pages and Table of Content

Authors: Professor Rafiu Oyesola Salawu and Mary-Fidelis Chidoziem ABIAHU

Abstract The Journal of Taxation and Economic Development (JTED) is the official Journal of the Chartered Institute of Taxation of Nigeria (CITN). JTED is devoted to the study of taxation and its role in economic development. The journal's specific areas of interest include the theoretical and empirical analysis of taxation and its implication for fis ...Read More


Hits: 6
Open Access Journal

TAX FRAUD IN NIGERIA: A REVIEW OF CAUSAL FACTORS

Authors: Peter Okoeguale IBADIN and Embele KEMEBRADIKEMOR

Abstract Tax fraud is a longstanding problem that has affected the government's ability to mobilise revenue needed to enhance growth and development. Billions of naira have been reported lost to tax fraud and mitigating this menace has become a high point of call to various tax authorities. Prior researchers have alluded that strategies to deterring ...Read More


Hits: 4
Open Access Journal

EFFECT OF CORPORATE TAX ON SUSTAINABLE FINANCIAL PERFORMANCE OF LISTED FIRMS IN NIGERIA

Authors: Innocent Augustine NWAORGU, Kingsley S. OYEKEZIE and Mary-Fidelis Chidoziem ABIAHU

Abstract The study examined the effect of corporate tax on the sustainable financial performance of listed firms in Nigeria, specifically the listed manufacturing firms. The study employed an ex post facto research design using data from 10 listed manufacturing firms. The data span across 5 years ranging from 2013-2017 and were analyzed using simple lin ...Read More


Hits: 13
Open Access Journal

A SURVEY OF RELIGIOSITY, TAX MORALE AND COMPLIANCE AMONG MICRO, SMALL AND MEDIUM SCALE ENTERPRISES IN NIGERIA

Authors: Lateef Ayodele AGBETUNDE, Olalekan Oladipo AKINRINOLA and Iheanyi Odinakachi ANYAHARA

Abstract The paper assessed the influence of religiosity and tax morale on tax compliance of MSMEs focusing on South-West, Nigeria. Primary data was employed through the use of a structured questionnaire administered to the respondents to collect data (Reliability's Cronbach alpha = 0.891). The population of the study covers individuals operating in t ...Read More


Hits: 6
Open Access Journal

TAX REVENUE AND ECONOMIC GROWTH IN NIGERIA

Authors: John Obiora Anyaduba and Dickson Osamudiamen Efionayi

Abstract This study investigated the impact of tax revenue on economic growth using adjusted and unadjusted GDP. Data for the study were collected from the annual abstract of National Bureau of Statistics (NBS) and Central Bank of Nigeria Statistical Bulletin (CBN) from 1984 to 2018. Economic growth was proxy using unadjusted GDP (Nominal GDP), adjus ...Read More


Hits: 6
Open Access Journal

COMPANY INCOME TAX, VALUE ADDED TAX, PERSONAL INCOME TAX AND ECONOMIC GROWTH IN NIGERIA

Authors: Joseph Femi Adebisi, Mahmoud Ibrahim and Nuruddeen Abba Abdullahi

Abstract This study examines the nexus of taxation mechanisms and economic growth in Nigeria by using annual time series data for over 30 years, from 1989 to 2019. Companies Income Tax (CIT), Value Added Tax (VAT) and Personal Income Tax (PIT) are the independent variables while Economic Growth (GDP) was the dependent variable. The study utilized re ...Read More


Hits: 6
Open Access Journal

DEFERRED TAX ACCOUNTING AND FINANCIAL PERFORMANCE: THE LISTED AGRICULTURAL FIRMS PERSPECTIVE IN NIGERIA

Authors: Innocent Augustine Nwaorgu, Mary-Fidelis Chidoziem Abiahu, Arzizeh T. Tapang, and Jacob Aondohemba Iormbagah

Abstract The study examined the effect of deferred tax accounting on financial performance of listed agricultural firms in Nigeria. The study employed ex post facto research design using data from 4 quoted agricultural firms. The data span across 7 years ranging from 2011-2017 and were analyzed using simple linear regression. Findings from the study r ...Read More


Hits: 4
Open Access Journal

ROLE OF TAX EDUCATION AND ENLIGHTENMENT ON TAX REVENUE GROWTH IN NIGERIA

Authors: Luke N. Onuoha, Ishola Rufus Akintoye and Godwin Emmanuel Oyedokun

Abstract Tax revenue growth is considered as a necessary imperative for attainment of sustainable economic growth. This requires an environment where both taxpayers and tax officials have appropriate knowledge of their roles and responsibilities. This study was aimed at establishing the effect of tax education and enlightenment on total tax revenue. T ...Read More


Hits: 3
Open Access Journal

VALUE ADDED TAX AND ECONOMIC GROWTH OF NIGERIA

Authors: FIJABI LATEEF KOLAWOLE

Abstract This study investigated the impact of Value Added Tax on the economic growth of Nigeria using time series data from 1994 to 2017. The objectives of the study include; to empirically investigate the impact of value added tax on the economic growth of Nigeria. Relevant literature materials were reviewed to gain insight into the study and draw i ...Read More


Hits: 4
Open Access Journal

EFFECT OF TAX REVENUE ON ECONOMIC GROWTH IN NIGERIA

Authors: Bamidele, Comfort Olaitan and Olowookere, Johnson kolawole

Abstract This study examined the effect of tax revenue on economic growth in Nigeria between the period 1994 -2017. Secondary data were sourced from Central Bank Statistical Bulletin (2017) and National Bureau of Statistics database. Gross Domestic Product that proxied economic growth served as the dependent variable while petroleum profit tax, compan ...Read More


Hits: 3
Open Access Journal

THE EFFECT OF TAX POLICY ON COMPLIANCE AMONG SMALL AND MEDIUMSCALE ENTERPRISES IN SOUTHWESTERN, NIGERIA

Authors: Abiodun O. Oladejo, James Unam Monday and Olubode Olusegun Oladele

Abstract Major objective of Nigeria National tax policy is to ensure a robust tax system that will promote voluntary compliance with tax policy by taxpayers and enhance constant revenue generation by governments at all levels. However, the objective has not been achieved in Nigeria due to the alarming level of SMEs’ non-compliance with tax policy. T ...Read More


Hits: 5
Open Access Journal

EFFECT OF TAX AUDIT ON TAX COMPLIANCE IN KWARA STATE, NIGERIA

Authors: OLANIYI, Taiwo Azeez and ILESANMI, Omolabake Olufemi

Abstract The frequency of tax audits and investigations in recent times by the Federal Inland Revenue Service (FIRS) and the various State Boards of Internal Revenue (SBIR) in Nigeria emanates from non-compliance attitude of taxpayers which eventually led to revenue leakages. Conversely, the ever increasing demand of the populace (infrastructure facil ...Read More


Hits: 6
Open Access Journal

Relevance of Adam Smith Canons of Taxation to The Modern Tax System

Authors: Olalekan Soyode and Oyedokun, Godwin Emanuel

Abstract A system of taxation has three layers: tax policy, tax laws and tax administration. While taxation has been around for a good number of centuries, the canons of taxation were first presented by Adam Smith in his famous book “The Wealth of Nations” in 1776. These canons of taxation define certain rules and principles upon which a good taxa ...Read More


Hits: 6
Open Access Journal

BRIDGING TAX GAP IN NIGERIA THROUGH TAXING HIGH NET WORTH INDIVIDUALS: A MYTH OR REALITY?

Authors: Osundina Jacob Ademola, Dada Samuel Olajide and Akintoye Ishola Rufus

Abstract The current economic challenges in Nigeria as a result of dwindling oil revenue have forced the Federal Government to look into other ways of improving revenue profile of the nation. One of these other ways is the taxation of incomes of high net worth individuals (HNWIs). Despite the several tax laws and reforms in Nigeria, the HNWIs still ev ...Read More


Hits: 4
Open Access Journal

VALUE ADDED TAX AND INFRASTRUCTURAL DEVELOPMENT IN NIGERIA

Authors: OKOROR Justina Adaku, UWALEKE Uche, MUHAMMAD Akaro Mainoma and OYEDOKUN Godwin Emmanuel

Abstract This study examined empirically, the impact of Value Added Tax (VAT) on infrastructural development in Nigeria. This study adopts ex post facto research design. Secondary data was retrieved from the Central Bank of Nigeria (CBN) statistical bulletin, Federal Inland Revenue Service (FIRS) and National Bureau of Statistics for various years wer ...Read More