Value Added Tax from Digital Economy and Information Technology Funds on Revenue Generation
DOI:
https://doi.org/10.56294/sctconf20251394Keywords:
Digital, Taxation, Digital-economy, Information Technology, Revenue GenerationAbstract
Introduction: Digital taxation has become a critical area of global focus, with many countries adopting value-added tax on digital services to boost revenue from online sectors. The objectives of the study were to examine the effects of value-added tax from digital economy, and information technology funds on revenue generation in Nigeria, using the unified theory of acceptance and use of technology as a framework on the overall effects of digital taxes on Nigeria’s taxation landscape.
Methods: The research utilised a survey design involving 500 respondents, including 50 members of the Federal Inland Revenue Service and 450 internet users from a total population of 4.4 million phone users.
Results: Findings reveals that electronic transfer funds significantly enhanced revenue generation. Additionally, the digital economy positively affected aggregate revenue streams, while digital taxes also promoted technological utilization in Nigeria.
Conclusion: The study among others concluded that effective implementation of digital taxation, value-added tax, and technology funds has improved revenue generation in Nigeria. The study recommends a streamlined tax structure to ensure consistent revenue growth, highlighting the need for self-compliance, reduced administrative burdens and sustaining the eight proposed pillars will be vital for advancing Nigeria's digital economy.
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Copyright (c) 2025 Marvis Ndu Okolo, Michael Tonbraladoh Sinebe, Isoso Monday Chukwugeku, Okwu Peter Ifeanyi, Ashibogwu Nze Kingsley (Author)
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