Effects of Multiple-Taxation on Performance of Micro, Small and Medium Enterprises (MSMEs) in Jimeta-Yola, Adamawa State, Nigeria
Keywords:
Multiple taxation, MSMEs, Financial performance, Tax incentives, voluntary compliance.Abstract
The phenomenon of multiple-taxation contravenes the ease of doing business and local content development concept in Nigeria and potent the success of businesses. This study examined the effect of multiple-taxation on the performance of Micro, Small and Medium Enterprises (MSMEs) in Jimeta-Yola Metropolitan, Adamawa State. The research design used was survey method with primary data collected from questionnaire administered to registered micro, small and medium enterprises with the Directorate for Small and Medium Scale Enterprises of the Ministry of Commerce and Industry, Jimeta-Yola Adamawa State. Descriptive statistics and ANOVA were used to analyze the data using SPSS 22 software. The result showed that multiple-taxation has significant impact on the performance of MSMEs in the study area. Based on the finding, the study recommends, among others, that Government should step-up efforts in providing enabling environment for MSMEs to thrive by streamlining the taxes payable by MSMEs.
