FATOGUN Olukunle Ibukun
Department of Accountancy, Federal Polytechnic Ilaro , Ogun state
olukunle.fatogun@federalpolyilaro.edu.ng
BALOGUN Sherif Babajide
Department of Accountancy, Federal Polytechnic Ilaro , Ogun state
olukunle.fatogun@federalpolyilaro.edu.ng
ABSTRACT
The operation of businesses in Nigeria is severely impacted by a number of factors, including inadequate
capital, weak technical and managerial skills, environmental effects, and government regulations. The
problem of multiple taxation is particularly problematic as it eats away at a significant portion of the
revenues that businesses need to grow and survive. In light of this, the present study was conducted in
Lagos, Nigeria, to look into the effects of multiple taxation on business survival. For the study, a crosssectional survey was employed. Ten listed logistic companies make up the study’s population. A
structured questionnaire was used to gather primary data from 65 respondents using a purposive sampling
strategy. Multiple regression analysis was used to test the hypotheses while descriptive statistics were
used to analyze the acquired data. The study’s conclusions showed that many taxes have a major impact
on a company’s ability to survive; additionally, there is a substantial correlation between the difficulties
posed by multiple taxes and a company’s ability to survive. The results indicated that multiple taxation
and business survival in Lagos, Nigeria have a statistically significant link. Therefore, the study suggested
that tax regulations be managed to benefit firms in order to guarantee their continued presence in the
market by preventing needless deductions that could have an impact on these companies’ profit margins.
Keywords: Business survival; revenue; tax; taxation.