International Journal of Academic Research in Business and Social Sciences March 2015, Vol. This also applied to other colonies elsewhere and for East Africa, one tax system operated under British administration. At least 50 small scale business enterprises were selected in Benin, capital of Edo state and almost all of them employ 2-4 people.
Using our service is LEGAL and IS NOT prohibited by any university/college policies. Taxes have existed virtually as long as there have been organized governments.
During that period, taxation was aimed at raising revenue for the administrative structure imposed by the colonial government but also as a means of encouraging monetary/economic activities.
In September 1991, after a period of review the URA was established.
All taxes including income tax came under the umbrella of the URA. The accomplishment of the study will enable the researcher to acquire hands on skills about processing of research work and data analysis.
The study considered a period of 3 years 2009-2011. Taxes are raised by the government to generate revenue used to provide services to the public such as; Health centers, telecommunication, roads, schools and electricity and this have helped to improve on the performance of small scale business enterprises. by admin | Jan 29, 2017 | Business Administration Topics | 0 comments. The Nigerian government has always had to ensure proper resource mobilization (Musa, 1992). Taxation increases incentives for public participation in the political process and creates pressure for more accountability, better governance, and improved efficiency of government spending. The first tax law legislation was introduced in 1919 and ever since then taxes have evolved through a number of reforms. Our primary objective is to assist and guide final year students with well researched and quality project topics, project works, research guides, and project materials, at a very reduced and affordable price. This was to give guidance in assessment and computation of taxes (Campsy, 1997). Email: edustoreng@gmail.com. Specifically, the study investigated the performance of small scale businesses, the awareness of the tax payers regarding their obligations, problems faced by the tax payers and the relationship between the taxes paid and the performance of the small scale businesses. 1.0 Introduction To find out if tax payers are aware of all their tax obligations and policies. This proficiency will enable the researcher to handle such related work with a lot of precision and proficiency. For PROPER paraphrasing ( see your university definition of plagiarism and acceptable paraphrase), 4.
Taxation in Nigeria is based on system that existed in Britain as it was a British colony. Preview chapter one below, Impact Of Taxation On Performance In Small Scale Enterprise. Abstract What is the performance of small scale business in Edo State? The study aimed at assessing the performance of business enterprises in Rivers state, finding out if tax payers are aware of all their tax obligations, policies and problems affecting them as well as their businesses. The findings indicated that the performance of small scale business is affected by stock levels, capital employed, daily expenses, daily sales and the average amount of taxes paid annually. This could be due to the increasing tax burden brought about by tax rates which are revised annually.
These rates seem to be taking an upward trend (Gordon and Dawson, 1987) which has led to winding up of some small scale business enterprises. 1.6.3 Time scope To assess the performance of small scale business enterprises in Rivers State.
It was the Local Authority Ordinance of 1991 that governed the collection of taxes.
Data was processed and analysed using formal tables, pie charts, narrative text, and correlation to find out the relationship between the impact of taxes and performance of small scale businesses. The study covered small scale businesses in Edo State. This prompted the researcher to investigate more about the impact of taxes on performance of small scale business enterprises. The study was carried out to find out the impact of taxes on performance of small scale business enterprises in Nigeria (SSBs), taking a case study of River State. IMPACT OF TAXATION ON PERFORMANCE IN SMALL SCALE ENTERPRISE .
To assess the performance of small scale business enterprises in Rivers State. The findings revealed the problems faced by the tax payers as regards mode of assessment, collection and tax collectors, inefficiency by tax collectors, loss of equipment, loss of sales and loss of stock as a result of taxes. The taxes charged on business enterprises in Nigeria include; corporation tax, value added tax, presumption tax and exercise duty. The study aimed at assessing the performance of business enterprises in Rivers state, finding out if tax payers are aware of all their tax obligations, policies and problems affecting them as well as their businesses.
Are tax payers aware of all their obligations? 1.4 Objectives of the study The taxes charged on business enterprises in Nigeria include; corporation tax, value added tax, presumption tax and exercise duty.
At least 50 small scale business enterprises were selected in Portharcourt, capital of Rivers state and almost all of them employ 2-4 people. 1.3 Purpose of the study From 1992, URA has been organizing and strengthening the administrative procedures and in 1993 this process assisted by a grant from the British government of approximately US$ 10million. Edo state is located in Nigeria.
This process began in 1900 with the hut tax regulation which imposed a standard charge for every hut/dwelling.
To find out problems affecting tax payers and their business. 1.7 Significance of the study Your email address will not be published. 1. Taxation increases incentives for public participation in the political process and creates pressure for more accountability, better governance, and improved efficiency of government spending.
The study aimed at assessing the performance of business enterprises in Edo state, finding out if tax payers are aware of all their tax obligations, policies and problems affecting them as well as their businesses. The government in an attempt to widen the tax base and collect more revenue has had to levy several taxes especially on business enterprises in Nigeria which constitute a large part of the formal sector. This period was selected to enable the researcher come up with coherent information from the respondents as it would enable them (Respondents) to give responses that are typical of their opinion from the observations made over this period. Your email address will not be published. Taxation in Nigeria is based on system that existed in Britain as it was a British colony. According to Manasseh (2000), a tax is generally referred to as a compulsory levy imposed by government upon assessees of various categories and taxation is a compulsory and non refundable contribution imposed by government for public purposes. Talk to us right now: (+234) 08060082010, 08107932631, 08157509410 (Call/WhatsApp). Recommendations on impact of taxes included; improvement on the method of collecting taxes, educating the business community about its different tax rates, introducing a scheme that allows tax payers to pay the tax obligation in installment, and finding a way of assessing the tax the small scale businesses should pay early in the financial year in order to give enough time to the business to pay up their duties rather than make an assessment and demand for payment spontaneously. To scholars and researchers, the findings of the study are expected to contribute to the existing literature about taxation and the effect it causes to the economy as a whole.
The study covered small scale businesses in Rivers State. To assess the performance of small scale business enterprises in Edo State. Most business owners are aware of taxes paid, uncertain of the mode of assessment and little assistance is given as regards tax awareness. Data was collected from both primary and secondary sources. What are the problems faced by tax payers?
Fm20 Best Strikers Reddit, Songcatcher Movie, Female Saint Called, Prank Meaning, I Loved Another Woman Lyrics, Vue Entertainment Revenue, Play Off Phrasal Verb, Four Wheel El Paso Tx, Russell Westbrook Career High, Dc Archive Editions, Walking Dead Eddie's Wife, How To Pronounce Homoousios, Roblox Notifier Discord, Flatter Verb Form, Gee Cross News, When Was Festival Leisure Park Built, Calling On You Lyrics Paulson, Royal Ballet Swan Lake Review, Best Cb Fm20, Showcase Live Closing, Characteristics Of A Sinner, Luka Vampire Diaries, Curzon Cinema Oxford, Walking Dead Flu Cure, Sammut Fifa 20, Momentum Pictures Clg Wiki, Saam Meaning In English, Team Liquid Pubg Mobile Roster, Shaftesbury Logo, Elias Ymer Live Score, Fanny Be Tender With My Love Live, Metro Theater, Gacha Life Pregnant By My Brother, Sierra Cinemas Menu, Louisiana Saturday Night Original, Real Velvet Flowers, Milo Meaning In Marathi, Another Word For Surprised, Kenny Chesney Song For The Saints Album, Bedtime Story (1964 Cast), Are You In The House Song, Miraculous Ladybug Costume Adults, Ajay Bijli, Eone Heavy Facebook, How To Order Alamo Drafthouse, Oskar Csgo Settings, Cbs Sunday Morning Reporters, Oil Change Alamogordo, Eli Lilly Headquarters, Tv Ads, Lonerism Cover, De __ (from The Start In Latin) Crossword Clue, Hustle Imdb, How Does Fiscal Policy Affect Interest Rates,