SOCIO-ECONOMIC FACTORS AND TAX COMPLIANCE AMONG SMALL BUSINESSES IN NIGERIA
Abstract
The objective of the study is to examine the socio-economic factors and tax compliance among small businesses in Nigeria. The study employed a cross sectional survey design and adopted simple random sampling technique. Data was gathered through a structured questionnaire from 237 small business owners in Ojo Local Government Area in Lagos State using Taro Yamane Statistical Formula to ascertain the sample size. It employed Descriptive Statistics and Ordinary Least Square Regression to analyze the data. The results showed that tax literacy level significantly influence tax revenue generation (β = 0.2741, p= 0.0000 < 0.01), while taxpayers' ethnicity had no significant impact on tax evasion (β= 0.0883, p = 0.1566 > 0.1). Additionally, tax income level had an impact on tax gap (β= 0.1731, p = 0.0369 < 0.05). This study therefore recommended tax literacy programs, consideration of income level on tax policies and incentives for small businesses
This article is available as a PDF download
Published in AFRICAN JOURNAL OF MANAGEMENT, BUSINESS ADMINISTRATION & ENTREPRENEURSHIP
ISSN: 2805 - 4237
This article appears in our peer-reviewed academic journal
View JournalRelated Articles
Explore similar research in our collection
LEAN MANAGEMENT PRACTICES AND SUSTAINABLE OPERATIONS OF FOOD AND BEVERAGE COMPANIES IN SOUTH-SOUTH NIGERIA
Edet, Theresa Eyo,, J.C Ihemeje. (Ph.D), Agbo M.U. (Ph.D)
Mar 6, 2026
The study investigated lean management practices and sustainable operations of food and beverage com...
View ArticleTHE EFFICIENT MARKET HYPOTHESIS: REVIEW OF LITERATURE AND EMPIRICAL RESEARCH ON NIGERIAN CAPITAL MARKET
Ajayi John Ayodele PhD.
Dec 12, 2025
The contrasting views on the efficiency of capital markets in both developed and developing nations ...
View ArticleAPPRAISING THE ENTREPRENEURIAL PROSPECTS FROM ABATTOIR NON-EDIBLE BY- PRODUCTS IN PORT HARCOURT METROPOLIS, RIVERS STATE
AMAECHI-ONYERIMMA, C. N., ONUGHA, A. C., MMOM, T. C.
Mar 10, 2023
This study appraises the entrepreneurial prospects of abattoir non-edible by-products in Port Harcou...
View Article