Abstract: THE ASSESSMENT OF TAXATION OF BUSINESS DIVIDENDS AND DISTRIBUTIONS
This research explores the taxation of business dividends and distributions in Enugu. The study's objectives are to analyze the tax implications for businesses, assess the compliance challenges, and evaluate strategies for effective tax management. A survey design was used to gather data from 250 business owners and financial managers, calculated using Taro Yamane's formula. A case study of a prominent corporation in Enugu provided detailed insights. The reliability coefficient score of the survey instrument was 0.87. Findings indicate that taxation of dividends and distributions poses significant challenges, including complex regulations and high tax rates. Strategies such as effective tax planning and professional advice were found to be beneficial. Recommendations include simplifying tax laws related to dividends and distributions and providing clearer guidelines to businesses.
ABSTRACT
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Chapter One: Introduction
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