Central Bank of Nigeria, Research Department.
Value Added Tax, Revenue Simulation
The main purpose .of this.paper is to provide an analytical framework for estimating the potential VAT base and revenue collections using micro simulation techniques. Micro simulation models have become very attractive because of their potential to respond to important needs for information on the effect of broad. policy changes on revenue, on the relevant population groups and on programme costs. In addition to forecasting the revenue estimates, the modeI will provide the necessary tool to assess the consequences of government policy decisions regarding changes in tax rate and increased compliance with the tax law.
Alade S.O. (2000). A revenue simulation model of value added tax in Nigeria. Economic and Financial Review, 38(3), 59-78.