ABSTRACT

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

                                                                                                Page no.

Title Page                                                                                          i

Certification                                                                                                ii

Dedication                                                                                         iii

Acknowledgements                                                                           iv-v

Abstract                                                                                            vi

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

2.13