EFFECT OF MULTIPLE TAXATION ON THE SURVIVAL OF SMALL SCALE ENTERPRISES
ABSTRACT
This study was undertaken to investigate the implication of multiple taxation on the performance of small scale enterprises in Asaba, Delta State. The objective of the study was to determine the extent to which multiple taxation affect the profitability and reinvestment rate of small scale enterprises. Data were collected from primary source using questionnaires. Survey research design was adopted. The hypotheses were tested using chi-square statistic. Result obtained show that most small scale enterprises surveyed were faced with the problem of high tax rates, complex tax regulations and lack of proper enlightenment or education about tax related issues.
Although, there is a general perception that tax is an important source of fund for development of the economy and provision of social amenities, this study shows that multiple taxation affects the performance of small scale enterprises. In order to obtain a vibrant and flourishing small scale enterprises sector, the tax policy needs to be reviewed such that it will neither be an encumbrance to the small scale enterprises nor discourage voluntary compliance. A suggested solution is by increasing tax incentives through reducing tax rates and increasing tax authorities’ support services through the provision of machinery for easier assessment of profit from small scale enterprises.
CHAPTER ONE
1.0 Background Of Study
1.1 Statement Of The Problem
There are lots of problems facing small scale enterprises world over. Although some of these problems are peculiar to many countries, the challenges faced by small scale enterprises in different countries and geopolitical divisions are basically the same. A study carried out by the Federal Office of Statistics shows that in Nigeria, small scale enterprises make up 80% of the economy (Ariyo, 2005). In spite of this importance, the mortality rate is very high as stated in Small and Medium Enterprise Development Agency of Nigeria (SMEDAN). SMEDAN has reported that about 80% of small scale enterprises in Nigeria die before their 5th anniversary. Among the factors responsible for these untimely shut-down are tax-related issues which are: (1) multiple taxations (2) high tax rates (3) low efficiency(4) high collection charges (5) low profitability etc.
Furthermore, owing to the compulsoriness of taxation as a charge against income and properties of individuals, partnerships, small scale enterprises and corporate bodies in the country, there has been an ample quest by the Nigerian government to increase the rate of some of the existing taxes as a means of generating additional revenue. This mostly affects small scale enterprises that are struggling to stay afloat in the business environment who still have to pay tax out of the little profit they make.
1.2 Objectives Of The Study
The broad objective of the study is to examine the implication of multiple taxations on the performance of small scale enterprises in Asaba, Delta State.
The specific objectives include;
- To ascertain whether there is a significant relationship between multiple taxations on the profit of small scale enterprises
- To determine if there is a relationship between multiple taxations on the reinvestment rate of small scale enterprises.
- To ascertain whether there is a relationship between multiple taxation on the growth of small scale enterprises.
- To determine if there is a relationship between multiple taxations on the productivity of small scale enterprises.
1.4 Statement Of Hypotheses
In order to carry out this study; the following research hypotheses were formulated. These hypotheses were structured in both null and alternative forms as follows:
- Ho1: There is no significant relationship between multiple taxations and the profit of small scale enterprises.
HA1: There is a significant relationship between multiple taxations and the profit of small scale enterprises. - H02: There is no significant relationship between multiple taxations and the reinvestment rate of small scale enterprises.
HA2: There is a significant relationship between multiple taxations and the reinvestment rate of small scale enterprises - H03: There is no significant relationship between multiple taxations and the growth of small scale enterprises.
HA3: There is a significant relationship between multiple taxations and the growth of small scale enterprises. - Ho4: There is no significant relationship between multiple taxations and the productivity of small scale enterprises.
HA4: There is a significant relationship between multiple taxations and the productivity of small scale enterprises.
1.5 Significance Of The Study
The finding from this study will be of good benefit to the general Nigerian populace and the business community as it will help the tax payers to have a deep understanding of their obligations and the need to meet such duties on tax liabilities. Government and its agencies on their own part will equally see the need for effective planning, administration and collection of taxes and also providing incentive for tax payers so as to limit the problem of tax avoidance and evasion hence, achieving the overall macro-economic goals of the country.
Finally, it could serve as a possible benchmark for other further advanced studies in this regard.
1.6 Scope Of The Study
For the purpose of achieving acceptable and realistic results, this study is primarily focused on small scale enterprises in Asaba, Delta State.
CHAPTER TWO
2.0 Literature Review
2.1 Introduction
The review of relevant literature is the main topic of this chapter. A literature review covers theoretical and methodological contributions to a certain issue in addition to the state of knowledge at the time of writing. It provides information about the state of the art in relation to the subject you are writing about. It examines the body of work on the chosen subject. The literature evaluation in this study comprises the …
Procedure for Downloading the PDF (Docx) Material
Effect of Multiple Taxation on the Survival of Small Scale Enterprises can be downloaded by requesting the full set of materials at the project or seminar cost. The document will be sent via Microsoft Word (MS-Word) format via WhatsApp (e-mail) following payment confirmation.
| Seminar Material Cost ₦3,000 | Project Material Cost ₦5,000 |
Request Complete Material
 | Click here to request the Complete Material via WhatsApp including;
|
Disclaimer for Complete Material Utilization
The displayed research work titled "Effect of Multiple Taxation on the Survival of Small Scale Enterprises" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
Frequently Asked Questions (FAQ)
Is the topic “Impact of Budgetary Control on Profitability of an Organization” recommended for Economics Project?
Yes it is highly recommended — This study examined the impact of budgetary control on profitability of an organization. Thus, the importance of budgetary cannot be emphasized in business organization, as management needs to embark on budget to effect proper planning and control. In this vein, budgeting can be seen as a process of planning and control. Proper budgeting can never affect efficient plans of organization without control. Thus, the desire to examine whether budgetary control is practicable in Samsung Electronics Nigeria Plc ignited this study. To achieve this objective, four research questions and two research hypotheses were formulated to guide this study. A well structured questionnaire was used as the major instrument to gather data from the 70 staff and management of Samsung Electronics Nigeria …
Can the material for “Design and Construction of Four Way Traffic Light Control Circuit” be used as a guide for Electrical / Electronics Engineering (EE) Project?
Yes it can be used — The study was conducted to design and construct a Four Way Traffic Light Control Circuit. In achieving this aim, the following specific objectives were laid out to build a prototype four-way traffic light control circuitry and construct a Four Way Traffic Light Control Circuit that will efficiently and effectively control the traffic light for twenty-four hours. This research work has been aimed at efficient means of controlling the traffic effectively for twenty-four hours. As the world is growing technologically more and more vehicles jump into the public road adding to the already existing number. Consequently, more efficient way of controlling the traffics becomes more desirable as compared to the obsolete way of using the traffic personnel's. The design of this …
Can this topic “Firm Age and Profitability; Evidence From Nigeria” be used for Economics Project?
Yes it can be utilized for research — This study sought to investigate firm Age and Profitability: Evidence from Nigeria. The main objective of this study is to determine if firm age affect the profitability of non-financial companies in Nigeria and also to know if older firms out performs younger firms. Age can have adverse effects on performance also because of the organizational rigidities and inertia it brings about and because it impairs the ability affirm to perceive valuable signals. Descriptive statistic and correlation analysis which tests for normality and association among the data in the variables in the model specified and a cross sectional analysis was carried out by way of panel data regression technique. The study concluded that young firms are better but the higher the age, …
Can the material for “Security Implications of Communal Land Disputes” be used as a guide for Estate Management (EM) Project?
Yes it can be used — This study examines the security implications of communal land disputes in Tiv-land, using four (4) LGAs, namely Vandeikya, Ukum, Guma and Tarka as a case of study. It examines relevant literature and using asample of One hundred and fourty (140) respondents across all selected LGAs for questionnaire administration. The finding revealed there are serious security implications to lives and properties of inhabitants of Tiv-land as a result from communal land disputes. This has led to the break-up of communities socio-politically and economically. It therefore recommended the parties involved in disputes should be encouraged to dialogue or negotiate on how to solve their differences, as the negotiation strategy creates opportunities for each party to express their opinion and to listen to those …
Can the material for “Cloning of a Computer System Unit” be used as a guide for Computer Science (CS) Project?
Yes it can be used — Cloning of Computer System is very essential in a computing area. This project focuses more on how computer system could be coupled and maintained effectively and efficiently without any fault during assembling of the system. Throughout this project we shall focus on each and every component needed for assembling and also there functions. The main reason why people go for assembling of system instead of buying a new system is to allow them to have good and satisfactory quality of what they want. Buying a new computer system might not solve the problem of some people but coupling it themselves ease their wounds when it comes to satisfaction. The main important of coupling a computer system is to have access …
Is the topic “An Improved Image Steganography Based on Least Significant Bit Matching Revisited (LSBMR) Using Sobel Edge Detection” recommended for Computer Science Education Project?
Yes it is highly recommended — Image steganography is the science of hiding data for securing confidential communication and it is the most popular type of carrier to hold information. Many algorithms have been proposed to hide information into digital images. The least significant bit algorithm (LSB) as one of the algorithms proposed is widely used in message embedding. However, the robustness of the algorithm based on LSB is low. The hidden message is usually destroyed when some image operations like resizing, cropping and rotation are applied to the stego-image. To overcome this limitation, this work proposed an improved image steganography based on least significant bit matching revisited (LSBMR) using Sobel edge detection that withstands image operations like resizing, rotation and cropping. The proposed method employs …
Can this topic “Determination of Cyanide Contents in Cassava” be used for Science Laboratory Technology (SLT) Project?
Yes it can be utilized for research — The study was carried out to determine the Cyanide Contents in Cassava. In achieving this aim, the following specific objectives were laid out to estimate the rate of cyanide in some cassava varieties and assess some cassava detoxification processes. Investigation revealed that liberation of hydrogen HCN and cyanogenic glycosides usually occurs after mastication and ingestion and arises from enzymatic degradation of the Latter to produce HCN; resulting in acute or chronic cyanide poisoning. Fresh cassava roots were fermented for different time intervals of 12hr, 24 hr and 36hr with an additional sample to serve as control. The result revealed that the cyanide content of boiled and roasted cassava parenchyma was (5.26 - 7.85) mg/kg and (9.73 - 10.55) mg/kg respectively …
Can the material for “Sonographic Evaluation of the Liver in Pregnant Women” be used as a guide for Public Health Project?
Yes it can be used — The variations in the sizes of the various organs during pregnancy is well known with various organs of the body increasing in size throughout pregnancy and returning to their pre-pregnant state during the pueperium. The purpose of this research was to investigate on the ultrasonographic evaluation of the liver in pregnant women at the Agbor General Hospital. The study was a cross-sectional survey of pregnant women with data obtained from the Agbor General Hospital. We investigated a total of one hundred and fifty (150) subjects and the result was analyzed with the aid of the Statistical Package for Social Science version 20.0. Ethical clearance was obtained from the Research and Ethics Committee of Human Anatomy Department in Delta State, University, Abraka. …
Can the material for “A Survey of Educational Facilities in Private and Public Primary Schools” be used as a guide for Education Project?
Yes it can be used — This research work carried out to survey of educational facilities in private and public primary school in Odeda local government of Ogun State as the case study. The subject of the study were eighty (n =80) teachers . also the design method use in the study was survey design. This instrument used in the method of data collection were on four wlert scale: Available, not available, adequate and inadequate while data was codified into frequency count and analyzed with the use of percentages. It confirm that there are more adequate educational facilities in private primary schools than public primary schools but the major problem is that the government did not assist the educational facilities in public primary school there by restricting to …
Can this topic “The Roles of Banks in International Trade” be used for Banking and Finance (BF) Project?
Yes it can be utilized for research — This project work has critically highlighted the compact of the Role of Banks International Trade in Nigeria, the problems affecting the Role in Banks in international trade in Nigeria have been identified and how they can be controlled is also includes in the study and ways to solve them are inductive in the study. The work is organized into chapters to easy comprehension and deduction. Chapter one deals with the introduction, Background, statement of problems, purpose / objective of the study, significance of the study, limitations of the study and the definition of terms. Chapter two involves a review of related literature, international trade, roles, risk factor in international trade, major problems, trade restriction major and international trade problems. This …