The development imperative in the global IP system: Some reflections on developing Africa

Adewopo, Adebambo

doi:10.4337/9781783470532.00019

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“…In our contemporary global economy, wealth is generated through creating and harnessing the value of knowledge in the light of Intellectual Property. 154 Small and Medium Sized Enterprises have started to gain global recognition, and embedded in them are challenges regarding how their growth can be achieved and sustained. Intellectual property and IT laws come into play to stand as a vital yardstick to achieve that economic growth and development.…”

Section: Importance Of Intellectual Property (Ip) To Small and Medium...mentioning

confidence: 99%

Small and Medium Scale Enterprises: An Appraisal of the Role of Taxation and Intellectual Property on Their Growth in Nigeria

Agbonika¹,

Agbonika²

2023

ijird

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This research critically analyzes the concept of small and medium-sized enterprises (SMEs) and looks at the tax and intellectual property implications and considerations. The aim is to expose how Intellectual Property law can help sustain Small and Medium Sized Enterprises (SMEs) in the marketplace and improve the growth and development of the Nigerian economy through taxation. To achieve these, the research examined the essential roles of Intellectual Property in the growth and development of Small and Medium Sized Enterprises. The rights and remedies to which the owners of Small and Medium Sized Enterprises (SMEs) are entitled, as well as the challenges of Intellectual Property Laws and their corresponding tax liabilities under the relevant pieces of legislation in Nigeria, are considered. This research evaluates the factors contributing to the non-compliance of SMEs with tax obligations. These include complex filing procedures, multiple taxations of SMEs, and a lack of proper enlightenment. The finding reveals that SMEs have performed below expectations due to specific reasons ranging from societal constraints to issues of lack of awareness, instability, and change in the economy. Tax compliance among SMEs in Nigeria is poor. To enhance the growth of Nigerian SMEs, there is a need to explore enlightenment and awareness through the use of intellectual property and taxation.

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Section: Importance Of Intellectual Property (Ip) To Small and Medium...mentioning

confidence: 99%

Small and Medium Scale Enterprises: An Appraisal of the Role of Taxation and Intellectual Property on Their Growth in Nigeria

Agbonika¹,

Agbonika²

2023

ijird

View full text Add to dashboard Cite

show abstract

The development imperative in the global IP system: Some reflections on developing Africa

Cited by 1 publication

References 0 publications

Small and Medium Scale Enterprises: An Appraisal of the Role of Taxation and Intellectual Property on Their Growth in Nigeria

Small and Medium Scale Enterprises: An Appraisal of the Role of Taxation and Intellectual Property on Their Growth in Nigeria

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