ABSTRACT
The study considered the effectiveness of tax incentives on small and medium scale enterprise in Akwa Ibom State. The specific objectives were to examine socio economic characteristics of small and medium scale enterprise owners, to identify the awareness level of tax payers of tax incentives available in the study area, identify the various incentives available and to determine the effects of tax and tax incentives on the profit of small and medium enterprises. A multi staged sampling technique was used in the selection of the respondents and tools used for analysis were the descriptive statistical tools, and correlation analysis. It was found that tax incentive has a positive influence on profit and tax had a negative effect on profit. From the findings policy recommendations were made and government was advised to increase the frequency of incentives to enable tax payers enjoy more profit and should also sustain awareness level of the incentives enjoyed by tax payers.
TABLE OF CONTENTS
Cover pagei
Dedication ii
Certification iii
Declaration iv
Acknowledgment v
Table of contents vi
List of tables ix
Abstract x
CHAPTER ONE
1.0introduction 1
1.1Background of the study1
1.2Statement of the Problem 3
1.3Research Question 4
1.4Objective of the Study4
1.5Research Hypothesis 5
1.6Significance of the Study5
1.7Scope of the Study 6
1.8Limitation of the Study6
CHAPTER TWO
2.0Review Of Related Literature7
2.1Conceptual Framework 7
2.2Overview Of Tax And Tax Incentives8
2.3The Effect Of Tax Incentives On Small And Medium Scale Enterprise13
2.4The Role And Characteristics Of SMES In Developing Countries13
2.5The Need For Small And Medium Scale Enterprises In Nigeria 14
2.6Justification For Small And Medium Scale Enterprises Development In Nigeria 15
2.7Problems Of Small And Medium Scale Enterprise In Nigeria16
2.7.1Poor And Inadequate Start-Up Process16
2.7.2Financial Problems 17
2.7.3Management Problems18
2.7.4Strategic Planning Problems18
2.7.5Lack Of Infrastructural Development18
2.7.6Socio-Cultural Problems18
2.7.7Global Economic Problem19
2.7.8Trade Groups19
2.7.9Multiple Taxation19
2.8Possible Solutions To Problems Of Tax Administration In Small And Medium
Scale Enterprise In Nigeria 20
2.9Empirical Review21
CHAPTER THREE
3.0Research Methodology22
3.1Area Of Study 22
3.2Sampling Technique23
3.3Sources And Method Of Data Collection23
3.4Method Of Data Analysis24
3.5Specification Of Model24
CHAPTER FOUR
4.0Results And Discussion25
4.1Socio Economic Characteristics Of Tax Payers 25
4.1.1Rank25
4.1.2Age25
4.1.3Sex 26
4.1.4Marital Status27
4.1.5Education 27
4.1.6Experience28
4.2Analysis Of The Level Of Tax Payers Awareness Of Tax Incentive Available29
4.3Analysis Of Available Tax Incentives In Akwa Ibom29
4.4The Analysis Of The Effect Of Tax And Tax Incentives On The Profit Of Small
And Medium Scale Enterprise30
CHAPTER FIVE
5.0Summary, Conclusion And Recommendations32
5.1Summary 32
5.2Conclusion 32
5.3Recommendation32
REFERENCES33
APPENDIX