Journal
Metropolitan Journal of Academic Multidisciplinary Research
MJAMR
The Effect of Taxation Policy on the Performance of Small Business Enterprises. A Case of Nakawa Division Central Market
Ogwang Paskal, Ngiri Andrew
| Journal | Metropolitan Journal of Academic Multidisciplinary Research (MJAMR) |
| Volume / Issue | Vol. 2, No. 9 |
| Published | 30 September 2023 |
| ISSN | 3006-4384 |
Abstract
The study was carried out to find out the impact of taxation policy on the performance of small business enterprises in Uganda, taking a case study of Nakawa central market. The study aimed at assessing the relationship between taxation policy and the performance of small business enterprises in Nakawa division, finding out the effect of taxation on the profitability of small business enterprises in Nakawa division central market. The study applied both qualitative and quantitative research designs where interviews and questionnaires were used. Data was collected from both primary and secondary sources. Data was processed and analyzed using formal tables, pie charts, narratives texts, and correlation to find out the relationship between taxation policy and the performance of small business enterprises. A total of 60 respondents were considered out of the entire population in the market. The testing of the relationship between the variables was tested using Pearson correlation coefficient. This was used because the taxes and business performance were numerical. From table above, it is clearly indicated that there is a strong relationship between performance of small-scale businesses and the average amount of tax paid in Nakawa market. This indicated by positive results of Pearson Correlation, where r = 0.811, p<.01. It therefore implied that taxation strongly affects the performance of small businesses and tax assessors should always do their performance before taxing them. Recommendation on the effect of taxes included; improvement on the method of collecting taxes, educating the business community about the different tax rates, introducing a scheme that allows tax payers to pay the tax obligations in installment, and finding a way of assessing the tax the SBs should pay early in the financial year in order to give enough time to the business to pay their duties rather than make an assessment and demand for payment spontaneously.
Keywords
taxation policy
performance and small business enterprises
Cite This Article
Ogwang Paskal & Ngiri Andrew (2023). The Effect of Taxation Policy on the Performance of Small Business Enterprises. A Case of Nakawa Division Central Market. Metropolitan Journal of Academic Multidisciplinary Research, 2(9). https://journals.miu.ac.ug/pages/article.php?article_id=1571
More in This Issue
View full issue →
6
Assessing the Impact of Politics on the Performance of the Media Sector in Uganda. A Case Study of Kampala District
politics
performance and media sector
7
Assessing the Impact of Working Capital on the Performance of Organizations in Uganda, a Case Study of Harris International (RIHAM) in Kawempe
working capital
performance and organizations
8
Assessment of the Effect of COVID-19 Outbreak on the Development of Education Sector in Uganda. A Case Study of Makindye Division Kampala District
covid-19 outbreak
development and education sector
9
Audit Practices and Financial Records Management: A Case Study of Opportunity Bank Nakasero Branch Kampala.
audit practices and financial records management
10
Booking Practices on Financial Performance of Organisations a Case Studyof Mobile Money Businesses in Rubaga
booking practices
financial performance and organisations