An evaluation of the determinants of tax compliance in Ilorin metropolis

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dc.contributor.authorOlaniyi, T.A
dc.contributor.authorOyeniyi, K.K
dc.contributor.authorKuranga, A
dc.date.accessioned2021-03-08T08:46:34Z
dc.date.available2021-03-08T08:46:34Z
dc.date.issued2019
dc.description.abstractTax constitutes the principal source of government revenue and the beauty of any government is for its citizens to voluntarily execute their tax obligations without much coercion and harassment. However, tax compliance among SMEs in Kwara State is poor such that they were being forced to pay either by locking up their business outfits or waylaid during marketing or transportation of their products. Therefore, this study evaluates the factors that influence SMEs owners to willingly comply with tax obligation in Ilorin metropolis. A cross sectional survey design was adopted and sample sizes of one hundred and two (102) registered firms were selected. The primary data, which were collected through self-administered questionnaires, were treated statistically using simple percentage and probability multiple regression model (probit). The study reveals that all the variables: audit probability and fine rate (APF), tax morale(TM), tax fairness (TF) as well as trust in Government (TG) have positive significant effect on tax compliance in Ilorin metropolis (prob= 0.004), 0.0175, 0.0060 and 0.0260 respectively at 5% level of significance. The study concludes that both deterrence (audit probability, fines and penalties) and socio-psychological factors (TM, TF, TG) exert significant impact on tax compliance in Kwara State. However, it was recommended that: (i) Kwara State government and its tax authorities should increase tax audit and penalty/fines for non-compliance, (ii) build trust in taxpayers by being honest with the use of tax proceeds. (iii) Also SMEs should be levied bearable tax liability in order to pave way for SME growth, give them better chances of survival in a competitive market with a view to stimulate more tax compliance and sustainable economic development in the state.en_US
dc.identifier.citationOlaniyi, T.A., Oyeniyi, K. K. & Kuranga. A. (2019). An evaluation of the determinants of tax compliance in Ilorin metropolis. Uniosun International Journal of Accounting and Finance. 2 (1); 73-93en_US
dc.identifier.urihttp://hdl.handle.net/123456789/4476
dc.language.isoenen_US
dc.publisherDepartment of Accounting, Banking &Finance, Osun state Universityen_US
dc.relation.ispartofseries2(1);73-93
dc.subjecttaxen_US
dc.subjecttax moraleen_US
dc.subjectfines and penaltiesen_US
dc.subjectcomplianceen_US
dc.titleAn evaluation of the determinants of tax compliance in Ilorin metropolisen_US
dc.typeArticleen_US

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