IMPACT OF MULTIPLE TAXATION ON BUSINESS SURVIVAL IN NIGERIA (A CASE STUDY OF SOME SELECTED P.O.S MERCHANT IN EDE NORTH, OSUN STATE)

ABSTRACT This work examined the impact of multiple taxation on business survival in Nigeria a case study of a selected P.O.S Merchant in Ede North, Osun State, and the objective of the study aimed to examine the impact of multiple taxation on business survival in Ede North. To evaluate the effect lack of Infrastructuralamenities affect business growth in Ede North, Osun State. To determine High inflation rate and high cost affect business growth in Ede North, Osun State, The population comprised of 200 selected P.O.S Merchants and sample size of 149 was arrived at using random sampling formula. Five point likert scale questionnaire was employed as the instrument of data collection. The data generated were analyzed using simple percentage analysis. The study concludes that this implies any increase on development of infrastructures and decreases on interest rate of loan, will help to trigger growth of business. Furthermore, multiple taxations affect the survival and growth of SMEs in Nigeria. Small-scale enterprises are vital in many ways -employment generation, transformation of the economy and production of goods and services, and as such should not be over burdened with multiple levies and taxes. The study recommends that government should review and enforce a consumption tax policy that would encourage all SMEs in Nigeria to comply since it exert significant effect on growth of SMEs in Nigeria. There is need for the relevant tax authorities to effectively review Environmental and sanitary Laws and its enforcement to enable mandatory compliance of all SMEs in Nigeria since it has significant influence on growth of SMEs in Nigeria.