ISSN 2360-7963
Abstract
This study investigates the effects of multiple taxes on the sustainability and survival of small-scale businesses in Lagos State, Nigeria. Small-scale businesses constitute a vital component of Nigeria’s economy, contributing significantly to employment, innovation, and GDP growth. However, these businesses face the persistent challenge of multiple taxation imposed by different tiers of government. The study adopts a descriptive research design using quantitative methods, where data were collected through structured questionnaires administered to a 400-sampled population of Micro, Small, and Medium Enterprises (MSMEs) in Lagos State. Data were analysed using descriptive statistics and regression analysis statistical tools to test two key hypotheses. Findings reveal that multiple taxation significantly affects the net income of small-scale businesses, thus hindering their sustainability. The study concludes that multiple taxation poses a substantial threat to the survival and growth of small-scale enterprises in Lagos, Nigeria. It recommends that government at all levels should harmonise tax policies, reduce redundant levies, and provide tax incentives to promote small business development and economic sustainability.
Keywords: Multiple Taxation, Small-Scale Business Enterprises, Profitability, Business Sustainability, Tax Burden, Lagos State, Nigeria