Authors: David Chucks Akan; Emmanuel E. Esekhile
Addresses: Delta Trust Mortgage Bank Limited, 126 Nnebisi Road, Asaba, Delta State, Nigeria ' Bursar Office, College of Education, Ekiadolor, Benin City, Edo State, Nigeria
Abstract: Personal Income Tax Act 2011 was accessed with the aim of investigating its impact on the internally generated revenue of Edo State. Non-experimental design was adopted. Data for the study were collected from Board of Internal Revenue, Edo State. Chow test was used to determine the impact Personal Income Tax Act, 2011 have on the internally generated revenue of Edo State. The result shows PIT Act 2011, has impacted on the internally generated revenue of Edo State from both private and public sector. The researcher advised among others that there should the introduction of electronics revenue monitoring and collection procedure which must incorporate the issuance of unique taxpayer personal identification number for all eligible taxpayers under the personal income tax law and finally, the internal revenue service department must be fully computerised in their operations to enhance the compilation of a comprehensive database for the taxpayers, for easy identification.
Keywords: personal income tax; internally generated revenue; government; private sector; public sector.
African Journal of Accounting, Auditing and Finance, 2016 Vol.5 No.4, pp.321 - 345
Received: 10 Aug 2016
Accepted: 08 May 2017
Published online: 23 Aug 2017 *