THE NEXUS BETWEEN COMPANY INCOME TAX COLLECTION AND INFORMATION COMMUNICATION AND TECHNOLOGY (ICT)
Keywords:
Information Communication and Technology, Tax Revenue, e-Tax Payments, Tax Collections, Tax ComplianceAbstract
The importance of taxation in the fiscal policy management of a nation and veritable source of revenue cannot be overemphasised. Many governments across globe seek ways to improve the efficiency of generating tax revenue including adoption and use of ICT in tax operations. This paper examines the effects of the usage of ICT in tax operations in developing countries using Nigeria as a case study. Data were collected using structured questionnaires and 4 interviews. 240 questionnaires were distributed to senior staff of Federal Inland Revenue Services with 230 returned and found usable for the investigation. With the instruments of Statistical Package for Social Sciences version 21, Spearman’s rho correlation was used to establish relationship between ICT usages in company income tax collection (CIT) collections. Thematic analysis was employed for the interview aspects of the data.It was found that there is a relationship between effective company income tax (CIT) collection and the use of ICT in tax operations. The tax revenue generation increases with level of investments in information technology.
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