revenue mobilization

Topics: Tax, Indirect tax, Value added tax Pages: 45 (9499 words) Published: October 28, 2013
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KWAME NKRUMAH UNIVERSITY OF SCIENCE AND TECHNOLOGY

DEPARTMENT OF ACCOUNTING & FINANCE

NAMES: INDEX NOS. ASIAMAH BOATEMAA MERCYPG7633812
GYABAAH SOLOMONPG7637012
AMANKWAH DUFIE HELENAPG7629012
ATIASE LAWRENCEPG7632312

ABSTRACT
Circumstances among others have painted CEPS as an institution that is not patriotic. This has relegated the contribution of CEPS to the background. This study is aimed at exploring the contribution of CEPS in respect of Revenue and Non-Revenue functions to National Development over the period 2008 – 2011. Customs, Excise and Preventive Service (CEPS) established under the CEPS (Management) Law 1993 PNDCL 330 has proved it worth in tax administration, collecting GH¢ 24,800,000, GH¢ 31,5000,000, GH¢ 37,100,000 and GH¢ 45,900,000 in 2008, 2009, 2010 and 2011 respectively in Kumasi, contributing 1% in total CEPS revenue in Ghana. Aside revenue collection, CEPS is mandated to prevent internal and external aggression, unwholesome goods from entering the country, smuggling and drug peddling. Since this study was aimed at exploring CEPS contribution, qualitative approach was used. The study was further enhanced with quantitative analysis through the use of graphs and tables. An Unstructured interview was used in gathering the primary data, with this; convenient sampling was use to select the respondent. Some recommendation made were, training and development of tax officials, public education for the taxpayers, Documentation, that is, putting customs regulations in the form of magazines and the judicious utilization of tax proceeds for the citizenry This study focused solely on CEPS and the role of indirect tax in national development. There is a need for further research into other revenue agencies to ensure that more revenues are mobilized to the government for National Development.

DEDICATION
We wish to dedicate this document to the Almighty God and all those who helped us in diverse ways for the successful completion of this project.

ACKNOWLEDGEMENT
We owe gratitude to the Almighty God for providing us with the strength and knowledge to come out with this research document. We give our heartfelt and appreciation to Mr. Appiagyei Eric, a lecturer at Christian Service University College for his comments, constructive criticism, suggestions, advice and personal interest shown in the progress and completion of this document. We also thank all the CEPS officials - Kumasi for the diverse ways in which they helped us. Our profound thanks also go to each of the group members for without their encouragement and their support this work would have stillborn However we take sole responsibility for any errors, blemishes and omissions in this work. All criticisms, comments and suggestions are welcome so that together we as students will set the records straight.

TABLE OF CONTENT
Page
CHAPTER ONE
INTRODUCTION
1.1 Background of the Study…………………………………………………………......... 1 1.2 Statement of the Problem………………………………………………………….........2 1.3 Research question and Objectives…………………………………………………….3

1.5 Significant of the Study………………………………………………………………... 3 1.6 Limitations of the Study ……………………………………………………………... 4 1.7 Organisation of the Study…………………………………………………………….. 4
CHAPTER TWO
LITERATURE REVIEW
2.1 Introduction of CEPS…………………………………………………………………... 6 2.2 History of and Development of CEPS in Ghana………………………………............. 6 2.5 Functions of CEPS……………………………………………………………………... 22 2.5.1 The Revenue Functions……………………………………………………….23 2.5.2 Non – Revenue Function…………………………………………………….. 23 2.5.3 Prohibition/Restrictions……………………………………………………… 24 2.6 CEPS Contribution to Tax Revenue…………………………………………………… 27 2.7 Potential Challenges Confronting Administrations of Indirect Taxes……………….28

CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Research Design………………………………………………………………………...32 3.2 Sources of Data…………………………………………………………………………...


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