Implications of Indirect Tax, Business Premises Levy, Development Levy and Advertisement Levy on the Growth of Small and Medium Scale Enterprises in South-East, Nigeria

This study examined the effect of indirect tax, business premises levy, development levy and advertisement levy on the growth of small and medium scale enterprises (SMEs) in South-East, Nigeria. Specifically, the study examined the effect of value added tax (VAT) on the growth of small and medium enterprises in South-East, Nigeria; the effect of business premises levy on the growth of small and medium enterprises in South-East, Nigeria; the effect of development levy on the growth of small and medium enterprises in South-East, Nigeria; and the effect of advertisement levy on the growth of small and medium enterprises in South-East, Nigeria. A cross-sectional survey research design was employed. Data used were primary. Descriptive and inferential statistics were used to analyse the data collected. The study found out that value-added tax, business premises levy, development levy, and advertisement levy all have significant and negative impact on the growth of SMEs in South-East, Nigeria. The study thus concluded that indirect tax, business premises levy, development levy and advertisement levy have significant effect on the growth of SMEs in South-East, Nigeria. The study, therefore, recommended that the current VAT rate and other levies imposed on SMEs should be reviewed while incentives and reliefs should be introduced to enhance the growth of SMEs in South-East, Nigeria.