Assessing Tax Awareness Among Market Traders in Katsina LGA
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Background of the Study
Tax awareness plays a pivotal role in ensuring voluntary compliance, particularly among market traders who operate in the informal sector. In many parts of Nigeria, including Katsina LGA, market traders represent a significant portion of the economic landscape. However, their tax compliance remains low, primarily due to limited awareness and understanding of tax regulations.
Market traders often perceive taxation as a burden, leading to resistance and evasion. Enhancing tax awareness is essential for fostering a culture of compliance and ensuring sustainable revenue generation. Despite various campaigns aimed at educating taxpayers, the level of tax awareness among market traders in Katsina LGA remains unclear. This study seeks to assess the level of tax awareness among market traders and identify factors influencing their understanding of tax policies.
Statement of the Problem
Tax evasion among market traders in Katsina LGA persists due to inadequate awareness of tax obligations and benefits. This lack of awareness undermines government efforts to generate revenue and deliver essential services. The study aims to assess the level of tax awareness among market traders and propose measures to enhance it.
Aim and Objectives of the Study
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To evaluate the level of tax awareness among market traders in Katsina LGA.
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To identify factors influencing tax awareness among market traders.
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To suggest strategies for improving tax awareness in the area.
Research Questions
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What is the level of tax awareness among market traders in Katsina LGA?
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What factors influence tax awareness among market traders?
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What measures can enhance tax awareness among market traders?
Research Hypotheses
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Market traders in Katsina LGA do not have a significant level of tax awareness.
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Factors such as education and outreach do not significantly influence tax awareness.
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Improved awareness campaigns do not significantly enhance compliance among market traders.
Significance of the Study
This study provides a comprehensive understanding of the level of tax awareness among market traders in Katsina LGA. The findings will guide the development of targeted campaigns to improve compliance and revenue generation.
Scope and Limitation of the Study
The study focuses on market traders in Katsina LGA, assessing their level of tax awareness and the factors influencing it. Limitations include respondent bias and difficulties in obtaining data from informal traders.
Definition of Terms
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Tax Awareness: Understanding of tax policies, obligations, and benefits.
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Market Traders: Individuals engaged in commercial activities within marketplaces.
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Compliance: Adherence to tax laws and regulations.
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