Bachelor of Business Administration - Main Campus

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Browsing Bachelor of Business Administration - Main Campus by Author "Biira Anita Asiimwe"

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    The Impact of Taxation on the Performance of Small and Medium Scale Enterprises (SMEs) in Uganda.
    (Uganda Christian University, 2023-09-08) Biira Anita Asiimwe
    Small and medium-sized enterprises (SMEs) are critical drivers of economic growth and employment creation in many nations throughout the world. Taxation is a critical component of government revenue generation, but its influence on SMEs has been extensively researched and debated. This abstract provides an overview of the research findings as well as critical insights into the impact of taxation on SMEs. Taxation has an impact on SMEs' profitability, growth, and competitiveness, among other things. The purpose of this study is to evaluate the impact of taxation on SMEs by reviewing the actual data and the body of existing literature. The study examines the impact of direct and indirect taxes on the financial situation and decision-making of SMEs. It also examines the types of taxes businesses pay, the processes they undergo to file the taxes and the challenges they possibly face. The profitability and expansion prospects of SMEs can be significantly impacted by direct taxes like income taxes and corporate taxes. The amount of these taxes, compliance expenses, and tax benefits have a significant impact on how much tax burden SMEs bear. High tax rates can prevent investing and growth, and complicated tax compliance procedures can may divert money away from essential corporate operations. Indirect taxes, such as VAT and sales taxes, can have an impact on SMEs. These consumption taxes can have an effect on the cost structures, pricing tactics, and market competitiveness of SMEs. Furthermore, the design and administration of these taxes can have a considerable impact on the ease of compliance for SMEs. The major findings got are the awareness of the tax payers about the taxes, the taxes they pay, the problems faced by the tax payers and the performance of small and medium enterprises.