IIARD International Institute of Academic Research and Development

Journal of Accounting and Financial Management (JAFM )

E-ISSN 2504-8856
P-ISSN 2695-2211
VOL. 8 NO. 4 2022
DOI: https://www.doi.org/10.56201/jafm.v8.no4.2022.pg60.79

---

Business Premises Levies and Investment Decision of Small and Medium Enterprises in Calabar Metropolis, Cross River State

Inyang, Ochi Inyang, Ahakiri, Francis Idiege & Agbor, Lovina Eyare

---

Abstract

The study examined business premises levies and their effect on investment decision of businesses in Calabar Metropolis, Cross River State. To achieve the objectives of the study, the research made use of ex-post facto research design and data were collected secondary source. The data collected were presented and analyzed by the use of multiple regression. Based on the analysis, it was found out that registration levies have significant effect on investment decision of business, that renewal of business premises have effect on investment decision, specifically, that development levy has significant effect on investment decision of business. Based on the findings, the study concluded that business premises levies have significant and positive effect on investment decision of businesses in Cross River State. In the light of the above, the study recommended that government regulations governing business should be simplified in order to make compliance easier for them. This include clear and simple levies regulations and an undemanding tax filling process

keywords:

Business, Decision, Investment, Premises, Levies

---

References:

Akaegbu W. (2012) Contributions of trade on effect of tax... Volta Ltd, Ghana.

Akintoye, I. R. & Tashie, G. A. (2013). The effect of tax compliance on economic growth and
development in Nigeria, West Africa.British Journal of Arts and Social Sciences, 11(11):222-
231.

Akpan, A. U. & Asuquo, A. I. (2012). Tax concession and investment decisions of small scale
businesses in Calabar Free Trade Zone – Nigeria. Journal of Finance and Investment
Analysis, 1 (4), 15-25.

Akpan, A. U. & Asuquo, A. I., & Udoayang, J. O. (2011). Applicability of cash dividend model to
commercial banks in Nigeria. International Journal of Social Science, Pan-African Books,
Accra-Ghana, 3(1), 140-148.

Anyanwu, J. (1996). Personal Income tax and economic growth.Joeanee publishers. Onitsha.

Arash, A. (2005). Economic growth and tax components: An analysis of tax changes. McGill,
University. U.S.A

Asuquo, A. I. & Ejabu, F. E. (2018). Effects of thin capitalization and International law on
performance of multinational companies in Nigeria. Journal of Accounting and Financial
Management, 4(2), 47-58.

Asuquo, A. I., Ejabu, F. E., Bongo, R. J., Atu, O. A. & Adejoupe, A. O. (2018). Accounting
behaviour of small scale enterprises in Nigeria: Focus on business sustainability and growth.
Journal of Business and Economic Development 3(2), 43 -50.
doi:10.11648/j.jbed.20180302.12.

Asuquo, A. I., Dan, N. O., & Effiong, G. T. (2020b). Impact of information Technology on
accounting line of works. International Journal of Recent Technology and Engineering, 9(2),
1572-1577.

Asuquo, A. I., Tapang, A. T., Uwah, U. E., Dan, N. O., & Uklala, A. P. (2020). Accounting
implications of micro-fiscal measures and quality of real gross national goods and services:
Empirical evidence from Nigeria. Research in World Economy, 11(6), 155-163.

Asuquo, A. I. & Effiong, S. A. (2011). Empirical analysis of Nigerian fiscal policies and revenue.
generation processes. Multidisciplinary Journal of Research Development (MULJORED),
17(2), 1-11.

Asuquo, A. I. & Arzizeh, T. T. (2012). An empirical analysis of foreign exchange rate risk
exposure and the performance of Nigerian companies: 2002-2011. International Journal of
Current Research and Review, 4(23), 1-8.

Asuquo, A. I., Fadenipo, A. A., Ogbeche, L. O. & Ahonkhai, O.E. (2017). Effect of inflation
accounting on business income measurement of quoted manufacturing companies in Nigeria.
Imperial Journal of Interdisciplinary Research, 3(1), 1886-1894.

Asuquo, A. I., Dan, N. O., & Effiong, G. T. (2020a). Effect of eco-friendly costs on net revenue
of cement producing firms. International Journal of Scientific and Technology Research,
9(9), 235-240.

Asuquo, A. I. (2012b). Environmental friendly policies and their financial effects on corporate
performance of selected oil and gas companies in Niger Delta Region of Nigeria. American
International Journal of Contemporary Research: Centre for Promoting Ideas, 2(1), 168-
173.

Asuquo, A. I. (2013a). Revenue base and social assets creation in Local Government Areas in
Cross River State-Nigeria: A virile tool for overcoming exclusion and strengthening
inclusion for sustainable development in third world. IOSR Journal of Social Sciences and
Humanity, 7(3), 59-66.

Asuquo, A. I. (2013b). Analysis of financial accounting standards and their effects on financial
reporting and practices of modern business organizations in Nigeria. European Journal of
Business and Management, 5(4), 60-68.

Asuquo, A. I. & Effiong, S. A. (2010a). Reporting the financial effects of price-level changes in
globalized economy, Nigeria. International Journal of Management Science, Pan -African
Publishing: Accra, 2(3), 66–77.

Asuquo, A. I., Akpan, A. U., & Effiong, C. (2014). Accounting for influence of execution of
financial conventions on revenue utilization in Local Government Areas Nigeria’s of
level of voluntary compliance. European Journal of Accounting, Auditing and Finance
Research, 2(5), 1-18.

Asuquo, A. I. & Effiong, S. A. (2010b). Tax management as an alternative tool for Economic
recovery and development in Cross River State. International Journal of Accounting, 1(1)
38–44.

Asuquo, A. I. (2012b). Empirical analysis of the impact of information technology on forensic
accounting practice in Cross River State-Nigeria. International Journal of Scientific and
Technology Research 1(7), 25-33.

Azubuke, K. (2009). Marginal tax and its effects on the economy. Pals publishers: Onitsha.

Broadway, R. (1978). Investment Incentives, Corporate Taxation, and efficiency, in the Allocation of
capital.The Economic Journal,88, 480-481.

Chodorow, A.S. (2008). Ability to pay and the taxation of virtual income.Tennessee Law Review,
75:695-715.

Christopher, M. Carolyn, A. & Brunm, S. (2003). Impact of corporate tax on economic development
– Crowy Williams Publication, JenevaU.S.A.

Edame, E. (2011). The Essential of public finance and Public financial management in Nigeria. (3rd
revised Ed.) Calabar, Wusen Press Ltd.

Effiong, S. A., Udoayang, J. O. & Asuquo, A. I. (2011). Correlation and Differential influence of
historical cost and current cost profits on the operating capabilities of the firm. International
Journal of Financial Research. 2(1), 64–70.

Effiong, S. A. & Asuquo, A. I. (2010). Environmental accounting and environmental cost
reporting: Implications and prospects for business survival. African Journal of Management
and Administration, 3 (4), 144 -147.

Engen, E. M. &Skinner J. (2006).Taxation and Economic growth. NBER Working paper No.5826.

Hakem, A. (1966). The motivation to Invest and the location pattern of foreign private investment in
Nigeria” Nigeria Journal of Economic and Social Studies, 55.
Musgrave, A. & Musgrave, R. (2004). Public finance Seligman, B. B. U.S.A.

Nzontta, O. (2007). Individual tax payers attitude and companies behavior in Nigeria Novel
publishers: Onitsha.
OECD (2001). Taxation and Electronic Commerce-Implementing the Ottawa Framework Conditions,
OECD Publishing, Paris, http://dx.doi.org/10.1787/9789264189799-en.

Okoi, W.W. & Edame, E. (2013). The Impact of Taxation on Economic Development in Nigeria: A
Case of Small Scale Businesses in Calabar Metropolis (1980-2010). Calabar: Department of
Economics, Unpublished PGD Economics Thesis.

Ola, C.S. (2001). Green Taxes, can we protect the environment and improve the tax system at the
same time?, Southern Economic Journal, 61, 915-922.

Philip A. (1992). Capital stock Growth: A Micro-econometric Approach, Amsterdam, North Holland
Pub. P. 242.

Philip, A. (1966). Nigerian Industrials Tax Incentives.The Nigerian Journal of Economic and Social
Studies, 91(3), 45.

Uwah, U. E. & Asuquo, A. I. (2016). Capital budgeting processes and wealth maximization
objectives: Implications for firms in Nigeria. Research Journal of Finance and Accounting,
7(10), 73-85 RJFA@iiste.org.

Udoayang, J. O., Uwah, U.E., & Asuquo, A. I. (June, 2020). Optimizing Return on Investment in
Property, plant and equipment: Evidence from listed Nigerian manufacturing Companies.
International Journal of Management and Humanities, 4(10), 50-57.

Udoayang, J.O., Akpanuko, E. E. & Asuquo, A. I. (2009). Multinational transfer pricing and
international taxation: What, why, how and reporting challenges. African Research Review.
3(5.), 165-181.

Udoayang, J. O., Asuquo, A. I., Effiong, A. S. & Kankpang, A. K. (2020). Levy baits and
exterior conventional ventures in gasoline industry in the technological stage of development.
International Journal of Recent Technology and Engineering, 9(1), 590-594.

Udoayang, J. O., & Asuquo, A. I. (2010). Impact of corporate income tax on investment
decisions. Quarterly Journal of ANAN, ISSN: 0189-0662, 16(1), 18-30.

DOWNLOAD PDF

---

Back