Impact of Tax Penalty on Government Revenue in Nigeria

The objective of the study is to examine the impact of the tax penalty on government revenue in Nigeria. The study filled the gap by identifying how tax penalties could increase government revenue in the country as a result of inability of other authors to examine the effects of tax penalty on government revenue. The study used multiple-regression model and revealed that there was a positive relationship between tax penalty and government revenue in Nigeria. The variables were integrated and found that the tax penalty had a significant contribution to the government revenue at a 1% level of significance. The study concluded that new economic policy should be formulated, tax should be paid through e-payment and proper accountability should be done by the government agency in Nigeria.