EFFECT OF INDIRECT TAX REVENUE ON INCOME DISTRIBUTION IN NIGERIA

This study ascertained the effect of indirect tax revenue on income distribution in Nigeria from 2000 -2023, using stamp duty tax and custom and excise duty tax as the independent variables. Ex Post Facto research design was employed by the study. Data were extracted from federal Inland Revenue services and World Bank reports. Regression analysis was used to test the hypotheses. The results revealed that value added tax and custom and excise duty tax significantly affect income redistribution in Nigeria, while stamp duty tax has no significant effect on income redistribution in Nigeria. Based on the findings, the study recommended among others that in order to reverse the insignificant effect of stamp duty tax, government should provide the necessary enabling environment that are needed to support both domestic and foreign investment so they can attract more capital gain that will boost taxable income thereby improve in the economic growth of these countries.