DIGITAL TECHNOLOGIES AND TAX REVENUE IN NIGERIA
Abstract
This study examines the impact of digital technologies on tax revenue in Nigeria. The aim of the study was to determine the relationship between digital economy and tax revenue in Nigeria. To generate data for the study, the mixed method research design technique were used. The population for the study was the management staff of Federal Inland Revenue Services, Abuja using a sample size of 20. The study used primary and secondary data from the Federal Inland Revenue Service. Data were analyzed using descriptive statistics including frequencies, percentages, mean, standard deviation, minimum and maximum values. The stated hypotheses were statistically tested with Pearson Product Moment Coefficient of Correlation and multiple linear regression techniques were employed for analysis at 5% level of significance with the aid of Statistical Package for Social Sciences (SPSS 25). The study showed that digital technologies, has significant relationship with companies income tax and capital gains tax. The study concluded that digital technologies have significant impact on revenue generation in Nigeria. The integration of digital technologies in Nigeria's tax administration has positively impacted tax revenue collection, particularly in CIT and CGT. To sustain these benefits, it was recommended that: Governments should invest in the development and implementation of digital tax administration systems. Continuous training for tax officials and taxpayers is essential to maximize the benefits of these technologies. Additionally, regulatory frameworks should be updated to support digital transactions and data sharing.
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