Assessing the effect of Nigeria new tax reform on small and medium enterprises: a financial perspective

Authors

  • O. A. Fadahunsi Lead Consultant, XEMC Ltd (Financial Consultants/Trainers) Victoria Island, Lagos State,
  • T.A. Osinuga University of Hull, United Kingdom
  • O. A. Raji Crescent University, Abeokuta. Ogun state, Nigeria
  • H. B. Asiyanbi Federal College of Education (Special) Oyo, Nigeria

DOI:

https://doi.org/10.58934/jgeb.v6i20.309

Keywords:

Policy Consideration, Tax Reform, Small Business, Economic Impact

Abstract

Nigeria's new tax reform, which came into effect in 2023, aims to increase revenue generation and promote economic growth. However, the impact of this reform on small businesses in Nigeria is not well understood. This study assesses the financial impact of Nigeria's new tax reform on small businesses, using a mixed-methods approach. The results show that the reform has both positive and negative effects on small businesses, including increased tax burdens, reduced profitability, and improved tax compliance. The study concludes that policymakers should consider the unique needs and challenges of small businesses when designing tax policies.

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Published

2025-01-01

How to Cite

Fadahunsi, O. A. ., Osinuga, T. ., Raji, O. A. ., & Asiyanbi, H. B. . (2025). Assessing the effect of Nigeria new tax reform on small and medium enterprises: a financial perspective. Journal of Global Economics and Business, 6(20), 52–63. https://doi.org/10.58934/jgeb.v6i20.309

Issue

Vol. 6 No. 20 (2025): January 2025

Section

Articles