EFFECT OF TAX-PRO-MAX ADOPTION ON FEDERAL INLAND REVENUE SERVICE REMITTANCE

Abstract

This study was carried out to examine the effect of adoption of TaxPro-Max on FIRS tax remittance in Nigeria. In order to determine the relationship between TaxPro-Max and FIRS tax remittance, the study proxy TaxPro-Max using online taxes and online filing and returns. The study adopted a Survey Design and data were collected using questionnaire survey administered to the staff of Federal Inland Revenue Service (FIRS). Out of 76 copies of questionnaire administered to FIRS in Yenagoa, 70 copies of questionnaire were retrieved and were used in the data analysis for the study. Using the descriptive statistics, the findings of the study indicate a positive and significant relationship between TaxPro-Max adoption for online taxes, TaxPro-Max adoption for online tax filing and returns and tax remittance by FIRS at 1% and 5% significant level respectively. Based on the findings, the study concludes that the adoption of TaxProMax enhances internally generated revenue and tax remittance by FIRS. In the light of the above, the study recommended the need for the adoption of TaxPro-Max which could enhance the revenue generation and tax remittance other than the former (manual collection) where most of the collected taxes and levies are not remitted to the government.