Department of Management & Accounting

Permanent URI for this community

https://repository.lcu.edu.ng/handle/123456789/9
Department of Management and Accounting

Welcome to the Department of Management and Accounting

We are dedicated to exploring the dynamic fields of management, finance, and accounting.

Our mission is to equip students with the knowledge and skills needed to excel in business administration, financial analysis, and strategic decision-making.

Feel free to explore our courses, faculty, and research initiatives!

Browse

Browsing Department of Management & Accounting by Author "Adeyemi, ADESINA"

Now showing 1 - 1 of 1
  • No Thumbnail Available
    Item
    Tax Administration and Revenue Generation in Local Government in Oyo State
    (Lead City University, Ibadan, 2024-12) Adeyemi, ADESINA
    Tax administration in Oyo State faces challenges such as inadequate amenities, distrust between taxpayers and officials, and complex tax laws, leading to poor taxpayer awareness and compliance. Thus, the aim of this study is to examine the tax administration and revenue generation in Local government in Oyo State. This study used a descriptive survey design to explore opinions and perceptions among 10,007 local government employees in Oyo State, focusing on 290 staff from Revenue and Taxation departments in nine purposefully selected secretariats with low tax revenue. A self-structured questionnaire captured demographic and research-specific data on a 4-point Likert scale. Validity was confirmed by experts, and reliability was established through a pilot study (Cronbach’s Alpha = 0.68). Data were analyzed using descriptive statistics and Chi-square tests at a 0.05 significance level with SPSS Version 23. The findings highlight the impact of tax laws and revenue on local government revenue generation and utilization. Regression analysis shows that tax law has a statistically significant positive effect on revenue generation, explaining 2.5% of the variance (adjusted R² = 0.025, SE = 0.44675, F(1, 288) = 7.532, p < 0.006, β = 0.160). This suggests that improved tax laws can foster better compliance and enhance revenue generation. However, the relationship between tax revenue and its utilization was found to be weak, with only 0.5% of the variance explained (adjusted R² = 0.005, SE = 0.49753, F(1, 288) = 1.328, p = 0.250, β = 0.068), indicating that tax revenue does not significantly impact how funds are utilized. Further analyses revealed significant bottlenecks in tax processes, with Chi-Square tests highlighting administrative delays, inefficiencies, and corruption as major barriers to effective revenue management (χ² = 234.772, df = 11, p < 0.000). Despite these challenges, the community demonstrated a commendable level of tax awareness (χ² = 328.000, df = 14, p < 0.000), reflecting successful outreach and educational initiatives. However, dissatisfaction persists regarding the utilization of tax revenue, with respondents expressing concerns over the lack of transparency and limited impact on community development. The study recommends simplifying tax laws through workshops and campaigns, establishing transparent reporting and community forums, and tackling inefficiencies and corruption with a comprehensive review and oversight body. Improving taxpayer support services, such as digital payment options, and sustaining community outreach will further enhance compliance and trust, optimizing revenue generation and utilization. Keywords: Tax Administration, Taxpayer Awareness, Tax Compliance, Tax Law, Tax, Revenue Generation. Word Count: 300