Tax Policy, SMES Compliance, Perception and Growth Relationship in Ghana: An Empirical Analysis

Ameyaw, Bismark; Korang, Joy Agyeman; Twum, Evans Teddy; Asante, Isaac Owusu

doi:10.9734/bjemt/2016/22030

Cited by 23 publications

(33 citation statements)

References 7 publications

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“…Tax Compliance poses a serious challenge to Governments in African countries (Ameyaw, Korang, Twum, & Asante, 2016). According to the Small and Medium Scale Enterprises Development Agency of Nigeria (SMEDAN), 80% of SMEs die before they are five years.…”

Section: Statement Of Problemmentioning

confidence: 99%

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Measuring Tax Compliance among Small and Medium Enterprises in Nigeria

Aladejebi¹

2018

IJAT

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This study examined the level of tax compliance among owners of small and medium enterprises (SMEs) in Nigeria. Small business is vital to the economy of Nigeria. The sample size for the research was 250 and 223 SME owners responded through the questionnaire distributed. The quantitative method was used in analyzing the data collected. SPSS was used to analyze the data. Findings showed that female SME owners are more tax compliant than male counterparts. There is a need for tax education among SME owners. There is multiple taxations. Tax amnesty can increase the level of tax compliance.

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Section: Statement Of Problemmentioning

confidence: 99%

“…SMEs have better geographical spread than big companies in developing countries (Ameyaw, Korang, Twum, & Asante, 2016). SMEs are a source of job creation in developing countries (Adebisi, & Gbegi, 2013) SMEs are vital for economic growth (Adebisi, & Gbegi, 2013).…”

Section: Importance Of Smesmentioning

confidence: 99%

Measuring Tax Compliance among Small and Medium Enterprises in Nigeria

Aladejebi¹

2018

IJAT

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“…Tax policies can be designed not only to negatively affect the growth of SMEs businesses but to circuitously shove their growth. In China, a tax policy has been enacted to encourage the financing of SME business through the exemption of business taxes to financial institutions that grants loans to SMEs [7]. Also, the awareness of the dangers of noncompliant behaviors by SMEs have grown therefore, designing tax policies that encourage human capital training will encourage compliance decisions of most SME businesses [15].…”

Section: Tax Policy Measures Favorable To Smes Growthmentioning

confidence: 99%

“…These statistics projects SME S as the most important sector in the Ghanaian economy. Not undervaluing their imperative role in economic development, SMEs create opportunities for the generation and distribution of income, poverty reduction by creating job opportunities as well as empowering women to engage in various businesses [7]. However, less attention has been paid in motivating SMEs to comply to taxes.…”

Section: Introductionmentioning

confidence: 99%

The Effects of Compliance and Growth Opinions on SMEs Compliance Decisions: An Empirical Evidence from Ghana

Koranteng¹,

Osei-Bonsu²,

Ameyaw³

et al. 2017

OJBM

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Generally, there has been an increase in the trend of interest of majority of people evaluating tax compliance decisions due to the fact that taxes help in funding public expenditures as well as boosting the expansion of most SME businesses. On the other hand, there has also been a sudden increase of interest in the development of Small and Medium Scale Enterprises (SMEs). In most developing and developed countries, SMEs are the spine of economic growth. Therefore, it is necessary that concentration is not only given to the generation of taxes but also the wellbeing of tax payers hence, SMEs. However, the current situation of Ghana shows an imbalance between these two major contributing factors. Due to such imbalance, the paper analyses the effects of perception and growth opinions on tax compliance decisions in Ghana. Specifically, the paper seeks to analyze respondents' subjective opinions on the growth of their businesses, how their growth opinions affect their perception on taxes and how those perceptions contributes to tax compliance. In analyzing SMEs compliance issues on taxes, a total of 840 questionnaires were submitted to registered SMEs across all the ten (10) regions of Ghana. The data was analyzed using Stata 12 and E-views 7.1 concurrently. The results of this research revealed that SMEs have negative subjective opinions on their growth thus having negative effect on their general perception towards taxes thereby posing a negative effect on SMEs compliance to taxes. The findings of the research will give an insight to the GRA (Ghana Revenue Authority) in formulating strategies on taxation and SMEs growth in an efficient and effective way.

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“…It is essential that there is efficient management, as it is from this outcome that other appropriate outcomes can become effective as well (Ameyaw, Korang, Twum, & Asante, 2017). The correlation between effective management and strategies for re-engineering the growth and sustainability of SMEs is quite a paradox.…”

Section: Literature Reviewmentioning

confidence: 99%

Re-engineering the Growth and Sustainability of Small to Medium Enterprises (SMEs) in the Agrarian Sector in Zimbabwe

Munyawarara¹,

Govender²

2019

Res. Bus.

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SMEs in the agrarian sector of some developing nations are performing poorly, and reengineering them is viewed as one of the primary strategies for effective growth and sustainability of the agrarian sector. The contribution and impact of strategies for reengineering the growth of SMEs in the agrarian sector have not been fully explored. Thus, the objective of this study is to analyze the impact of strategies for reengineering the growth of SMEs and agriculture development in Zimbabwe, during the period 2015-2020. The results from a survey of SMEs in the Eastern Highlands of Zimbabwe revealed that the growth of SMEs in the agrarian sector will impact food security, the standard of living of communities, increase employment,economic growth and market share.

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Tax Policy, SMES Compliance, Perception and Growth Relationship in Ghana: An Empirical Analysis

Cited by 23 publications

References 7 publications

Measuring Tax Compliance among Small and Medium Enterprises in Nigeria

Measuring Tax Compliance among Small and Medium Enterprises in Nigeria

The Effects of Compliance and Growth Opinions on SMEs Compliance Decisions: An Empirical Evidence from Ghana

Re-engineering the Growth and Sustainability of Small to Medium Enterprises (SMEs) in the Agrarian Sector in Zimbabwe

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