Value Added Tax from Digital Economy and Information Technology Funds on Revenue Generation

Authors

DOI:

https://doi.org/10.56294/sctconf20251394

Keywords:

Digital, Taxation, Digital-economy, Information Technology, Revenue Generation

Abstract

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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Published

2025-01-24

How to Cite

1.
Okolo MN, Sinebe MT, Monday Chukwugeku I, Ifeanyi OP, Nze Kingsley A. Value Added Tax from Digital Economy and Information Technology Funds on Revenue Generation. Salud, Ciencia y Tecnología - Serie de Conferencias [Internet]. 2025 Jan. 24 [cited 2025 Apr. 3];4:1394. Available from: https://conferencias.ageditor.ar/index.php/sctconf/article/view/1394