Determinants of Tax Evasion Among SMEs in Yola North LGA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style:
- Recommended for :
- NGN 5000
Background of the Study
Tax evasion is a global challenge that undermines government revenue, limiting resources available for public services and infrastructure development. Small and Medium Enterprises (SMEs), as significant contributors to the economy, often face tax-related issues, ranging from inadequate understanding of tax laws to deliberate evasion. In developing economies like Nigeria, SMEs play a critical role in job creation and economic growth. However, tax compliance among these businesses remains low, with evasion becoming a common practice.
In Yola North LGA, SMEs form the backbone of the local economy, engaging in diverse activities such as trade, manufacturing, and services. Despite their importance, many SMEs evade taxes due to high tax rates, inadequate government support, and a lack of transparency in tax administration. Understanding the determinants of tax evasion among SMEs in Yola North LGA is crucial for developing policies that encourage compliance and foster economic growth. This study seeks to investigate the factors influencing tax evasion among SMEs in Yola North LGA and propose actionable solutions.
Statement of the Problem
Tax evasion among SMEs in Yola North LGA has reached concerning levels, limiting the local government’s ability to generate revenue and support development initiatives. High tax rates, poor enforcement, and limited awareness are some of the factors contributing to this challenge. Without addressing these determinants, the LGA risks losing significant revenue and stalling its economic growth.
Aim and Objectives of the Study
-
To identify the factors influencing tax evasion among SMEs in Yola North LGA.
-
To examine the relationship between these factors and the prevalence of tax evasion.
-
To suggest measures for improving tax compliance among SMEs.
Research Questions
-
What are the key determinants of tax evasion among SMEs in Yola North LGA?
-
How do these determinants influence the prevalence of tax evasion in the area?
-
What measures can be implemented to reduce tax evasion among SMEs?
Research Hypotheses
-
There is no significant relationship between high tax rates and tax evasion among SMEs in Yola North LGA.
-
Government support does not significantly influence tax compliance among SMEs.
-
Awareness of tax laws does not significantly affect tax evasion among SMEs.
Significance of the Study
This study provides insights into the factors driving tax evasion among SMEs in Yola North LGA. The findings will assist policymakers and tax authorities in developing targeted interventions to improve compliance and enhance revenue collection.
Scope and Limitation of the Study
The study focuses on SMEs in Yola North LGA, examining the determinants of tax evasion and proposing strategies to address the issue. Limitations include potential respondent bias and challenges in obtaining accurate data.
Definition of Terms
-
Tax Evasion: The illegal act of avoiding tax obligations through misrepresentation or non-disclosure.
-
Small and Medium Enterprises (SMEs): Businesses with limited capital investment and workforce, operating in various sectors.
-
Tax Compliance: Adherence to tax laws and regulations.
Related Project Materials
THE EFFECTIVENESS OF ONLINE PORTFOLIOS IN SHOWCASING VOCATIONAL SKILLS
Abstract: The effectiveness of online portfolios in showcasing vocational skills is essenti...
THE COMPARATIVE EFFECTS OF AQUEOUS AND ETHANOL FRUIT EXTRACTS OF PHOENIX DACTYLIFERA ON THE HIPPOCAMPUS AND CEREBELLAR CORTEX OF ARTESUNATE-AMODIAQUINE TREATED ADULT WISTAR RATS
ABSTRACT
Amidst the current rise in the usage of artemisinin-based combination therapies as the first line treatment of falciparum resist...
FACTORS AFFECTING FAMILY PLANNING SERVICES IN RURAL AREAS AMONG WOMEN(A CASE STUDY OF NSIT IBOM)
ABSTRACT
The empowerment and autonomy of women to enable them to take active part in their child-bearing decisions, deci...
EFFECT OF COMPUTER USAGE ON ACADEMIC PERFORMANCE OF STUDENTS
BACKGROUND TO THE STUDY
During the last two decades education institutions have invested heavily in inf...
INVESTIGATION INTO THE CAUSES AND PREVENTION OF COVID-19 AMONG ALVAN IKOKU FEDERAL COLLEGE OF EDUCATION, OWERRI
Background to the study
Etymologically, Coronavirus (COVID-19) are positive-sense, single stranded RNA...
STUDIES ON ANTIHAEMORRHAGIC AND ANTIBACTERIAL PROPERTIES OF BULB JUICE, ETHANOL AND AQUEOUS EXTRACTS OF ALLIUM SATIVUM LINN. (LILLIACEAE) AGAINST MENINGEAL BACTERIA
ABSTRACT
Bacterial meningitis (BM) is a devastating air-borne infectious disease of humans that causes cellular hemorrhagic sepsis, metab...
DEPURATION STUDIES ON KADUNA REFINERY WASTEWATER USING MODIFIED Cu-DOPED GOETHITE CATALYST
Excerpt from the Study
The following conclusions were be drawn from the work
1. Undoped goethite catalyst, cop...
EFFECTS OF PUBLIC RELATIONS ON HOTEL MANAGEMENT
Background of the Study
Because of the growing level of competition in the business world in recent years, companies hav...
AN APPRAISAL OF THE CONCEPT OF COLLECTIVE SECURITY UNDER INTERNATIONAL LAW
ABSTRACT
This research examined the concept of collective security under international law and specifically examined the basis of the exi...
VIOLENCE AND THE GIRL-CHILD IN SELECTED NOVELS OF BUCHI EMECHETA, YVONNE VERA, NURUDDIN FARAH AND IKECHUKWU ASIKA
Background to the Study
Violence has remained a very complex subject which takes different dimensions in societies of the world today. It...
