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Effect of Multiple Taxation on the going concern status of Small and Medium Scale Enterprises in Calabar, Nigeria

Christopher Etim Nyong

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Nyong, C.E., 2021. Effect of Multiple Taxation on the going concern status of Small and Medium Scale Enterprises in Calabar, Nigeria. United International Journal for Research & Technology (UIJRT), 2(7), pp.72-79.

Abstract

This study was on the effect of multiple-taxation on the going concern status of SMEs. The study therefore examined the effect of multiple-taxation on SMEs survival. The study made use of the blueprint that generated data after the main event had occurred. The researcher derived a judgmental sample size of eight SMEs from the population of thirty SMEs on which the secondary data were obtained for the investigation. These data were quantitatively analyzed using the multiple regression technique. Findings revealed that tenement rate has no considerable consequence on going concern status of SMEs, refuse disposal does not substantially affect going concern status of SMEs, business permit fee does not to a large extent influence going concern status of SMEs, sign post/advert fee and going concern status of SMEs are insignificantly connected, and finally the work showed that development levy does not influence going concern status of SMEs considerably. Based on the outcomes of the investigation, it was suggested with the intention of making government to consider and reduce the amount of the various levies charge on the SMEs as these inhibit their profitability as well as going concern status.

Keywords: Going concern, Medium Scale Enterprises, Multiple, Profitability, Taxation, Tenement Rate.

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