Background of the Study
Women entrepreneurs play a critical role in the economic development of Okene LGA, contributing to job creation, wealth generation, and community welfare. Despite their growing presence in various industries, female entrepreneurs often encounter unique challenges in fulfilling tax obligations. These include inadequate knowledge of tax policies, limited financial resources, and gender biases in the tax administration process.
Tax compliance is crucial for sustaining government revenue; however, the challenges faced by women entrepreneurs may result in low compliance levels, which in turn affect their businesses and the local economy. This study examines the tax obligations of women entrepreneurs in Okene LGA, exploring the factors influencing their compliance and the implications for their businesses.
Statement of the Problem
Despite their economic contributions, women entrepreneurs in Okene LGA face significant barriers in meeting tax obligations. These barriers undermine their business growth and limit their capacity to comply with tax policies, contributing to gaps in revenue collection and economic inequities.
Aim and Objectives of the Study
To analyze the tax obligations of women entrepreneurs in Okene LGA.
To identify challenges faced by women entrepreneurs in meeting tax obligations.
To propose strategies for improving tax compliance among women entrepreneurs.
Research Questions
What are the tax obligations of women entrepreneurs in Okene LGA?
What challenges do women entrepreneurs face in meeting tax obligations?
What strategies can improve tax compliance among women entrepreneurs?
Research Hypotheses
Tax obligations do not significantly impact women entrepreneurs in Okene LGA.
Challenges do not significantly affect the ability of women entrepreneurs to meet tax obligations.
Proposed strategies do not significantly improve tax compliance among women entrepreneurs.
Significance of the Study
This study provides valuable insights into the tax compliance challenges of women entrepreneurs in Okene LGA, offering recommendations to policymakers and tax authorities to enhance their compliance and support economic growth.
Scope and Limitation of the Study
The study focuses on women entrepreneurs in Okene LGA, examining their tax obligations and compliance challenges. Limitations include the diversity of business sizes and types and access to comprehensive financial data.
Definition of Terms
Women Entrepreneurs: Women who own and manage businesses.
Tax Obligations: Legal requirements to pay taxes and file returns.
Compliance Challenges: Barriers that hinder adherence to tax laws and regulations.
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