The importance of Small and Medium Scale Enterprises (SMEs) in Lagos state in recent years
cannot be underrated especially with regard to creation of employment, innovation, uplifting the
people‟s standard of living and financial contribution to the growth of the countries‟ Gross
Domestic Product. This sector's growth is hindered by the challenges of lack of financial
resources to expand, the entrepreneur managerial skills/attitudes, employment of cheap and
, production of poor quality goods, lack of market for their products, inadequate infrastructural
facilities and above all unpleasant taxation policy of Lagos state government. In the light of all
these, this study reviews the role being played by various governmental tax reliefs on the growth of SMEs in Lagos state. The study employed descriptive design, thus, primary data was collected
on variables contributing to tax influence and their effect on the growth of SMEs. A sample of 50
respondents representing a percentage of targeted population enterprises in the production sector
of Lagos State Industrial area was selected through Stratified and Simple Random Sampling
techniques. Data collected through questionnaires, interviews and observations when necessary
was analyzed using regression model to estimate the contribution of each variable to effect of tax
reliefs on SMEs used over the years by the Lagos state government. The study found that there
was a significant correlation between tax reliefs on SMEs growth in Lagos State. The study
recommends that there should be a friendly tax policy for all startup businesses preferably a tax
reliefs, or an introduction of a growth limit which can be said to be a level stable enough to
sustain tax payment.
The Public Access, L (2021). Tax Reliefs And The Growth Of SMEs In Some Selected Small And Medium Scale Enterprises In Lagos State. Afribary.com: Retrieved April 17, 2021, from https://afribary.com/works/tax-releifs-and-the-growth-of-smes-in-some-selected-small-and-medium-scale-enterprises-in-lagos-state
Library, The Public Access. "Tax Reliefs And The Growth Of SMEs In Some Selected Small And Medium Scale Enterprises In Lagos State" Afribary.com. Afribary.com, 08 Apr. 2021, https://afribary.com/works/tax-releifs-and-the-growth-of-smes-in-some-selected-small-and-medium-scale-enterprises-in-lagos-state . Accessed 17 Apr. 2021.
Library, The Public Access. "Tax Reliefs And The Growth Of SMEs In Some Selected Small And Medium Scale Enterprises In Lagos State". Afribary.com, Afribary.com, 08 Apr. 2021. Web. 17 Apr. 2021. < https://afribary.com/works/tax-releifs-and-the-growth-of-smes-in-some-selected-small-and-medium-scale-enterprises-in-lagos-state >.
Library, The Public Access. "Tax Reliefs And The Growth Of SMEs In Some Selected Small And Medium Scale Enterprises In Lagos State" Afribary.com (2021). Accessed April 17, 2021. https://afribary.com/works/tax-releifs-and-the-growth-of-smes-in-some-selected-small-and-medium-scale-enterprises-in-lagos-state