Presumptive taxation and performance of Small Scale Businesses in Uganda. Case study: Kikubo Market-Kampala
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This project is a partial fulfillment of the Bachelor of Science in Business Statistics of Makerere University. The study was conducted on empirical and theoretical literature under the topic presumptive taxation and performance of small scale businesses in Uganda case of Kikubo Market Kampala. The major objectives of the study were for establish how means of ascertaining tax liability affect the performance of small scale businesses, examine how verification mechanisms affect the performance of small scale businesses and establish how means of collection and enforcement mechanism affect the performance of small scale businesses. It was conducted that there is a synonymous relationship between presumptive taxation and small scale business performance; the description may depict varying trends which is subjective. The researcher recommends that the government should carry out sensitization workshops to improve on method of tax payment and tax assessment and this helps the tax player to avoid tax penalties and fines which are operating costs to a business. All efforts must be made to establish the nature of presumptive taxation and the performance of small scale businesses in a favorable business environment for effectiveness, efficiency and a prudent financial sustenance attributing to performance and development of the economy.