The Impact of Taxation on Business Performance Case Study: Chakala Enterprise (Arua District).

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Kampala International University, College of Economics and Management Sciences .
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.
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.
Taxation, Impact, Business Performance, Arua District