Multiple taxation has been identified as one of the major problems of small businesses in Nigeria, and its effect on the growth and productivity of small businesses are quite alarming as new businesses have high tendencies to stop functioning also, it has greatly affected the compliance rate of such business owners whose profit are taxed more than once by the same taxing authority and for the same purpose. Profitability is the ability of an enterprise to use its resources to generate revenues in excess of its expenses. Records show that businesses close down after one or two years of operation this could be attributed to high taxes, incessant and arbitrary payment of taxes, and lack of provision of essential amenities by the government even after payment of tax, non- documentation or registration of small scale businesses by tax authorities. The primary aim of this research is to look extensively at this and provide solutions that would eventually lead to the growth of small businesses and the economy of the country.
Gasiokwu, G. (2024). Effect of multiple taxation on SMEs in Nigeria. Afribary. Retrieved from https://afribary.com/works/effect-of-multiple-taxation-on-smes-in-nigeria
Gasiokwu, Goodness "Effect of multiple taxation on SMEs in Nigeria" Afribary. Afribary, 29 Jul. 2024, https://afribary.com/works/effect-of-multiple-taxation-on-smes-in-nigeria. Accessed 21 Dec. 2024.
Gasiokwu, Goodness . "Effect of multiple taxation on SMEs in Nigeria". Afribary, Afribary, 29 Jul. 2024. Web. 21 Dec. 2024. < https://afribary.com/works/effect-of-multiple-taxation-on-smes-in-nigeria >.
Gasiokwu, Goodness . "Effect of multiple taxation on SMEs in Nigeria" Afribary (2024). Accessed December 21, 2024. https://afribary.com/works/effect-of-multiple-taxation-on-smes-in-nigeria