TAX KNOWLEDGE, TAX PENALTY AND TAX GOVERNANCE AND ITS IMAPCT ON TAX COMPLIANCE

ABSTRACT

The study examined the determinant of tax compliance in Nigeria with the emphasis on tax knowledge, tax penalties, and tax governance. Three (3) research questions were raised for the study and all were formulated into hypotheses and tested. Consequently, related literature on the conceptual review, theoretical framework and empirical review of tax determinant (tax knowledge, tax penalties, and tax governance) and tax compliance was adequately discussed. The survey research design was used for the study. Convenient non-probability sampling technique was employed to select 200 Nigerian taxpayers for the study. This comprises traders, online business vendors, small scale business owner and taxpayers who work in a firm for the study. The instrument used for the collection of data was a structured online questionnaire. It was validated by the researchers’ supervisor. The data collected for the research questions were analyzed using descriptive statistical tools such as frequency, percentage and mean while the hypotheses were analyzed using Ordinary Least Square Regressions and was tested at 0.05 level of significance.