Abstract This study seek to find out factors affecting tax compliance behavior among SMEs in Kano Metropolis. The study adopts survey research design to source and analyze data. Simple random sample was used as the sampling technique for this study. Questionnaires were designed and distributed to the sampled SMEs within Kano metropolis. The population of the study comprises 520 registered SMEs within Kano Metropolis, out of which 500 SMES were selected as sample. Data collected were an...
A tax computation is a statement showing the tax adjustments to the accounting profit to arrive at the income that is chargeable to tax. To determine the amount of tax chargeable, certain deductions are taken from gross income to arrive at the taxable income. Once the amount of taxable income has been determined, tax rate charts determine the exact amount of tax chargeable. A company's chargeable income is usually different from the net profit/loss shown in its accounting books. This is becau...
The 21st century will be Africa’s century of economic development. Incomes will be rising rapidly and Africa will become one of the main engines of economic progress in the world. For this to happen, markets must be liberalized and barriers to trade eliminated. Without hindrance, businesses should be able to source anywhere, manufacture anywhere, and sell anywhere. Free trade and free competition are essential if standards of living are to rise. Countries should realize that what is good fo...
As a compulsory payment exacted from the people for government use, tax proceeds are expected to manifest basic social values for the citizens as well as representative as possible. The Nigerian context depicts infinitesimal applicability of tax revenue to the provision of social services in Nigeria. This performance crisis manifests in the absence of basic infrastructure, the tendency to evade tax payment and the impoverishment of the Nigerian people. The paper therefore, addresses fundament...