The Effect of Tax Policy Changes on the Ease of Doing Business in Nigeria: A Case Study of SMEs in Abuja
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Background of the Study
The ease of doing business in Nigeria has been a focal point for policymakers aiming to attract investment and foster economic growth. Tax policy changes, including reductions in compliance requirements and incentives for small businesses, are crucial to creating a favorable business environment. In Abuja, SMEs play a significant role in economic development, contributing to employment and local GDP (Ameh & Chukwu, 2023).
However, despite reforms such as the Finance Act 2020 and initiatives to simplify tax administration, SMEs continue to face challenges, including high compliance costs and inconsistent tax enforcement (Usman & Bello, 2024). This study investigates the impact of tax policy changes on the ease of doing business for SMEs in Abuja.
Statement of the Problem
SMEs in Nigeria face a myriad of challenges, including access to finance, inadequate infrastructure, and an unfavorable tax environment. While tax policy changes aim to address these issues, their actual impact on the ease of doing business for SMEs remains underexplored (Olawale & Adebayo, 2024).
Concerns about the clarity of tax regulations, corruption, and frequent policy changes create uncertainties for businesses. This study evaluates how recent tax policy changes have influenced the operational environment for SMEs in Abuja.
Objectives of the Study
- To analyze the impact of tax policy changes on the ease of doing business for SMEs in Abuja.
- To identify challenges SMEs face in adapting to tax policy changes.
- To recommend measures to improve tax policy for SME growth and sustainability.
Research Questions
- How have tax policy changes impacted the ease of doing business for SMEs in Abuja?
- What challenges do SMEs face in adapting to tax policy changes?
- What measures can improve tax policy to support SME growth and sustainability?
Research Hypotheses
- H₀: Tax policy changes have no significant impact on the ease of doing business for SMEs in Abuja.
- H₀: Challenges in adapting to tax policy changes do not significantly affect SME operations.
- H₀: Proposed measures will not significantly improve tax policies for SME sustainability.
Scope and Limitations of the Study
The study examines tax policy changes affecting SMEs in Abuja from 2020 to 2025. Limitations include access to SME-specific tax data and external factors like inflation affecting business conditions.
Definitions of Terms
- Tax Policy Changes: Modifications to tax regulations aimed at improving business conditions.
- Ease of Doing Business: The regulatory and operational environment that influences business activities.
- SMEs: Small and medium enterprises, typically defined by size, revenue, or employee count.
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