An assessment of environmental accounting and environmental tax rate in Oyo State, Nigeria

Abstract

The objective of this study was to assess the implementation of environmental accounting in determining environmental tax rate. Survey research design guided the study. The population comprised of (100) staff from the ministry of environment and habitat which comprised of (50) junior staff, (30) senior staff and (20) top management staff and (100) tax payers. The respondents were sampled using stratified sampling techniques. The instrument used in the study was questionnaire. 200 copies of were administered and 198 retrieved and this represent (99%) return rate. Frequency distribution was used to answer the research questions while Analysis of Variance and Pearson’s Product Moment Correlation was used to test the hypotheses of the study. The findings revealed a negatively insignificant relationship (r = -0.131, n =90, p = 0.219, two tailed) between environmental accounting and environmental tax rate; a positive insignificant correlation (r = 0.147, n= 90, p =0 .168 two tailed) between environmental ministries and the bases for environmental charges. Also, the result showed a positive significant correlation (r = 0.391, n= 90, p =0 .000 two tailed) between environmental accounting and the bases for environmental charges. Furthermore, there was no significant difference between gender and environmental tax rate at the .05 level of significance, [F(98) = 1.036, ρ = 0.311] and no significant difference between marital status and environmental charges at the .05 level of significance, [F(98) = 1.244, ρ = .267]. The study concluded that environmental accounting positively influence the bases for environmental charges, environmental accounting is not a predictor of environmental tax rate, also that bases for environmental charging does not affect environmental ministries. In the same vein gender is not a predictor of environmental tax rate and also that marital status is not a predictor of environmental charges.