The Challenges of Taxation Compliance for SMEs: A Study of Businesses in Kebbi State
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Background of the Study
Tax compliance is a fundamental requirement for small and medium enterprises (SMEs), ensuring government revenue and economic development. However, compliance often poses significant challenges for SMEs due to complex tax regulations, limited financial resources, and inadequate knowledge of tax laws (Obi & Adeyemi, 2024).
In Kebbi State, SMEs play a crucial role in driving economic activities and providing employment. However, their ability to comply with tax regulations is hindered by issues such as high tax rates, poor record-keeping practices, and a lack of awareness about tax policies (Usman et al., 2023). Understanding these challenges is crucial for improving tax compliance and supporting SME growth in the region.
Statement of the Problem
Despite efforts to simplify tax processes, SMEs in Kebbi State continue to face significant compliance challenges. Factors such as complex tax filing procedures, high costs of compliance, and fear of penalties discourage many SMEs from adhering to tax regulations. These challenges undermine government revenue collection and hinder SME growth (Bello & Musa, 2024).
While research on SME taxation exists, there is limited focus on compliance challenges in Kebbi State. Addressing this gap is vital for fostering an enabling environment for SMEs to thrive while meeting their tax obligations.
Objectives of the Study
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To identify the challenges faced by SMEs in Kebbi State in complying with tax regulations.
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To analyze the impact of these challenges on SME growth and sustainability.
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To propose strategies for enhancing tax compliance among SMEs.
Research Questions
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What challenges do SMEs in Kebbi State face in complying with tax regulations?
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How do these challenges affect SME growth and sustainability?
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What strategies can enhance tax compliance among SMEs?
Research Hypotheses
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Challenges do not significantly affect tax compliance among SMEs.
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Tax compliance challenges do not significantly impact SME growth and sustainability.
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Proposed strategies do not significantly enhance tax compliance.
Scope and Limitations of the Study
The study focuses on SMEs in Kebbi State, analyzing their challenges with tax compliance and its impact on growth. Limitations include differences in SME sizes and varying tax knowledge among business owners.
Definitions of Terms
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Tax Compliance: The extent to which taxpayers adhere to tax laws and regulations.
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Small and Medium Enterprises (SMEs): Businesses with limited resources and workforce, contributing significantly to economic activities.
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Tax Regulations: Legal requirements governing the assessment, collection, and payment of taxes.
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