Nigeria's New Tax Regime and Its Effects on Small Business Profitability and Sustainability
Year: 2025
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.
Author: Ezeani, Ngozi Chinwendu
Institution: Federal College of Education (Special), Oyo
Language: English
Topic: Economic and Fiscal Studies
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W7130614067
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