The Impact of Taxation on Business Performance Case Study: Chakala Enterprise (Arua District).
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Date
2011-11
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University, College of Economics and Management Sciences .
Abstract
Much of businesses have been recognized as engines of economic growth, there has been poor
performance of these businesses because of the high taxes imposed upon them. They pay I% of
their tum over in Income Taxes without allowances for any deductions. This undermines their
growth and performance. This therefore made the researcher to carry out a research on the
impact of Taxation on business performance. The research will be carried out in Arua district.
In order to do this, the researcher had used the available literature from Uganda Revenue
Authority, the questionnaires' and interview guide in order to gather the relevant data from the
concerned parties.
The researcher basically laid emphasis on how businesses fund their operation, responses of the
businesses to Taxation, effects of Taxation on business performance and the various forms of
Taxation
The research findings indicated that some of the problems businesses are facing are high Taxes
as result of use of illegal means of tax collections, lack of information and failure to offer
incentives like tax holidays and payments in installment basis. Businesses will continue to
perf01m poorly as taxation is seen as the main cornerstone to growth and performance of
businesses. However the degree of relationship between taxation and performance of business
could no be determined quantitatively. Though it can be determined qualitatively that profits
internally generated are main source of businesses, Taxation therefore greatly affects their
business performance.
Description
A research project submitted to the School of Business
and Management in the Partial Fulfillment of the
Requirement of the Award of a Bachelor's Degree
in Human Resource and Management of
Kampala International
University.
Keywords
Taxation, Impact, Business Performance, Arua District