This study examines the impact of taxation on small and medium scale enterprises in Ekiti State..
The research reviewed at some literature that has some degree of relevance to the subject matter under study. The study shall adopt the non-probability sampling technique and data collection was carried out using the questionnaire method consisting of one hundred (100) respondents drawn from the study population. Frequency counts and percentages were used for analyzing the data while Chi-Square was used for the testing of hypothesis.
Based on findings from this study, it was concluded that the development and operation of SMEs has economic impact on the nation. The researchers established relationships between SMEs’ sizes and their ability to pay taxes; multiple taxations and SMEs survival. The researchers therefore conclude that multiple taxations affect the survival and growth of SMEs in Nigeria.
The study recommended among others that All SMEs should endeavor to pay their taxes as at when due. This should be done by Government providing enabling environment for them to operate and see it as one of the benefit accrued to such payment of taxes to the Government. Also Government should adequately create awareness on the need for SMEs to pay their taxes appropriately.
TABLE OF CONTENTS
Title Page i
Table of contents vii
CHAPTER ONE: INTRODUCTION
1.1 Background to the study 1
1.2 Statement of the Problem 6
1.3 Research Questions 10
1.4 Objectives of the Study 11
1.5 Research Hypotheses 12
1.6 Significance of the Study 12
1.7 Scope of the Study 13
1.8 Limitation of the Study 13
CHAPTER TWO: LITERATURE REVIEW
2.1 Concept of Small Scale Enterprises 15
2.2 Problems Faced SMES 20
2.3 Economic Advantages of Small and Medium 22
Enterprises in Nigeria
2.4 General Overview of Taxation 24
2.5 Origin of Taxation in Nigeria 27
2.6 Objectives of Taxation 29
2.7 Direct Taxes and Indirect Taxes 31
2.8 Theoretical Literature 32
2.9 Principles of Taxation 35
2.10 Economic Growth Models 37
2.11 Theory of Business Growth 37
2.12 Contribution of Tax Policy on the Growth of SMES 39