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The financial effects of Nigeria's new tax regime on small and medium businesses: prospects and challenges

Year: 2024

Type: article

Abstract: The new tax regime introduced in Nigeria in 2023 seeks to boost revenue generation and stimulate economic growth. Despite its objectives, the financial implications for small businesses remain unclear. This study investigates the impact of the new tax policies on small businesses in Nigeria, employing a mixed-methods approach. Findings reveal a combination of positive and negative outcomes, including higher tax burdens, diminished profitability, and enhanced tax compliance.

Source: Journal of Global Economics and Business

DOI: 10.58934/jgeb.v6i20.308

Authors: H. B. Asiyanbi, O. A. Fadahunsi, T.A. Osinuga, O. A. Raji

Institutions: Federal College of Education (Special), Oyo, University of Hull, Crescent University

Language: English

Topic: Economic and Fiscal Studies

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W4405685698

FWCI:

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