Taxation and Profitability of Small-Scale Business: A Case Study of Kabale Municipality Kabale District.
Nyakinama sub-county appears to have existing small-scale businesses that bear an incremental tax burden because as tax rates are revised annually, these rates seem to be rising from 50% to 75%. This means that the collection of taxes by Uganda Revenue Authority Tax collection in Nyakinama sub-county has become a burden to small-scale businesses as they seem to be taking an upward trend which has led to the winding up of some small-scale businesses. (Kisoro District Local Government, Department of Commercial Services, 2019). In addition, most SSBs in Uganda do not survive past their fifth-year birthday after inauguration which shows poor performance in the SSBs sector (Sebikari, 2014; MFPED 2012). The deficiencies in the performance of SSBs associated with the poor tax policies in Uganda may affect the ability of these enterprises to mobilize the required financial and non-financial resources. In addition, the poor performance of SSBs if not immediately addressed may affect the economic growth and development of Uganda since these enterprises contribute to 90% of the "private sector production" in the economy. The purpose of this study was to assess taxation and the performance of Small scale businesses in Nyakinama Sub-county, Kisoro District. The purpose of this study was to assess taxation and the performance of scale businesses in Nyakinama Sub-county, Kisoro District.
Taxation, Profitability, Small-Scale Business, Kabale Municipality, Kabale District
Kyoshabire, Patience (2022). Taxation and Profitability of Small-Scale Business: A Case Study of Kabale Municipality Kabale District. Kabale: Kabale University.