Taxation Practices and the Survival of Small and Medium-Sized Enterprises (SMEs)

Judith, Nnam Imaobong; Maduabuchi, Amara Felix; Igwe, Ekete Linus; Ehis, Okeke Stella; David, Chukwunwike Onyekachi

doi:10.13189/ujaf.2022.100204

Cited by 6 publications

(3 citation statements)

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“…Extreme tax regimes have a negative impact on SME firm size as they hamper growth. Judith et al (2022) reviewed that taxes hamper SME growth. Therefore, the amounts that the government collects from SMEs should be revised and reduced so as to promote their growth.…”

Section: Challenges Affecting Sme Firm Sizementioning

confidence: 99%

“…Anim and Kusi (2020) also said that it has been proven that taxes slow the growth rate of SMEs. Judith et al (2022) also reviewed that taxes hamper SME growth; therefore, the amounts that the government collects from SMEs should be revised and reduced so as to promote their growth. Wang (2016) stated that competition also affects SME firm size.…”

Section: Assessment Of Mfi Loans Being Utilised Efficiently For Busin...mentioning

confidence: 99%

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The Significance of Microfinance Establishments on The Growth of Small to Medium Enterprises in Zimbabwe

Mveku,

Mutero,

Nyamwanza

et al. 2023

Int. J. Manage. Entrep. Soc. Sci. Hum.

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The study was conducted in the Midlands province of Zimbabwe, focusing on four towns: Kadoma, Kwekwe, Gweru, and Zvishavane. The study examines the establishment of microfinance institutions, which results in the growth of small to medium enterprises. Many SMEs in the Midlands province are finding it difficult to grow their business due to a lack of capital and the ability to access bank loans. The study aimed to determine the significance of microfinance establishments on the growth of small- to medium-sized enterprises in Zimbabwe. A descriptive research design was adopted. The study's sample size was 94 SME owners specialising in agriculture, mining, vending, groceries, beauty salons, auto repairs, transport services, and fast foods in the Midlands province. Data was analysed using Pearson correlation and simple linear regression. The study results showed a strong positive relationship between microfinance loans and Small to Medium Enterprise sales growth, as evidenced by a correlation coefficient 0.989. The results showed that microfinance loans positively affect the profitability of SMEs. The study also found that access to finance, competition, hyperinflation, and high taxes are the challenges affecting SMEs' firm size. The study shows several ways which can be done to improve the growth of SMEs, such as the extension of loan repayment tenure, review of lending policies, and lending SMEs higher packages for accomplishing their projects. The government should implement policies that find ways to reduce inflation, lower tax charges on SMEs, and draft policies that promote the development of SMEs in the country.

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Section: Challenges Affecting Sme Firm Sizementioning

confidence: 99%

Section: Assessment Of Mfi Loans Being Utilised Efficiently For Busin...mentioning

confidence: 99%

The Significance of Microfinance Establishments on The Growth of Small to Medium Enterprises in Zimbabwe

Mveku,

Mutero,

Nyamwanza

et al. 2023

Int. J. Manage. Entrep. Soc. Sci. Hum.

View full text Add to dashboard Cite

show abstract

“…Sustainable economic development greatly depends on tax policies; there are recommendations for improving tax laws to lessen the tax burden on small and medium-sized businesses and increase their effectiveness (Arushanova, 2023;Wang et al, 2023). Tax laws have an impact on SMEs' cash flows, investment choices, and profitability, underscoring the significance of enacting equitable tax laws based on financial capacity and enhancing tax incentives (Judith et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

Taxation Policy and Compliance Burden on MSMEs: An In-depth Legal Study in Indonesia

Judijanto

2024

IJBLE

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Micro, Small, and Medium-Sized Enterprises (MSMEs) are shaped by tax laws, which have a major impact on their growth prospects, competitiveness, and conduct. MSMEs in Indonesia confront many obstacles when it comes to adhering to tax laws, such as intricate administrative procedures, expensive compliance fees, and restricted access to incentives. Using a normative analysis technique, this research undertakes a comprehensive legal study to assess taxation policies and compliance constraints on MSMEs in Indonesia. The results highlight the necessity of focused initiatives to improve taxpayer education, increase incentive accessibility, streamline tax laws, and provide compliance support. By tackling these issues, Indonesia can provide a tax climate that is more favorable and supportive of MSMEs, promoting entrepreneurship, economic growth, and sustainable development.

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Cryptocurrencies, Tax Ignorance and Tax Noncompliance in Direct Taxation: Spanish Empirical Evidence

Hernández Sánchez,

Sastre-Hernández,

Jorge-Vazquez

et al. 2024

Economies

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This article highlights the complexity of taxation surrounding cryptocurrency transactions due to the lack of uniform regulation, creating uncertainty for both taxpayers and tax authorities. After determining the tax obligations of individuals in taxation, a survey has been conducted to assess the level of knowledge and compliance with tax obligations related to cryptocurrencies. The survey, in which 103 people participated, reveals the confusion and errors that prevail in perceptions of the tax obligations for cryptocurrencies, particularly in transactions such as swapping and staking in personal income tax. This results in almost half of the respondents (49.5%) not declaring any of their operations with cryptocurrencies. The reasons for this include the fact that the majority of respondents (66%) find the regulation of cryptocurrencies in Spain confusing and difficult to understand. Additionally, 87.4% believe that tax agencies should provide more information and resources on the taxation of cryptocurrencies and digital assets, and that there should be clearer and more comprehensive regulation. However, it should be noted that 41.7% also consider that tax regulation discourages investment in cryptocurrencies.

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Taxation Practices and the Survival of Small and Medium-Sized Enterprises (SMEs)

Cited by 6 publications

References 0 publications

The Significance of Microfinance Establishments on The Growth of Small to Medium Enterprises in Zimbabwe

The Significance of Microfinance Establishments on The Growth of Small to Medium Enterprises in Zimbabwe

Taxation Policy and Compliance Burden on MSMEs: An In-depth Legal Study in Indonesia

Cryptocurrencies, Tax Ignorance and Tax Noncompliance in Direct Taxation: Spanish Empirical Evidence

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