Impact of Technology Operations: Case of Nigeria Electronic Tax System

Abstract:

The switch from manual system to the electronic and technological system has become a very essential form of transformation that has brought about commendable change in the interaction between the corporate world, government and the citizens. The advantages of implementing the electronic system for filing and paying taxes can be beneficial for both taxpayers and the tax authorities. Where the taxpayers can easily and timely access their tax portals and register to pay their taxes and submit tax returns anytime, anywhere. They are also able to store and retrieve their documented information. The tax authorities also have their workload reduced, where the costs and manual processes of handling tax payment issues and tax returns have been eased with the e-filing system. Furthermore, the electronic tax system will reduce the incidents of tax malpractices and corruption. The system will ensure a good security and back-up plan, where inputted information will be secured and the case of fraud or information leakage will be mitigated. Overall, the electronic tax system guarantees a sound ground for executing tax administrations and operations.

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