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You are right on that aspect, small small business is free of tax depending on the country , but in my country where I run a small scale business , I am paying tax every year .It depends on the country or the state so to say, some countries charges tax on small scale businesses and some don't. So tax is not completely free.
Ideally small businesses should not be taxed. But over here, small and medium scale enterprises suffer from multiple taxation especially through levies, VAT, sanitation and environmental fee etc.Yes you are very right. Small businesses doesn't really need taxation. Take for example, here in Nigeria, most businesses small and medium don't always pay taxes but might be charged though for Value Added Tax (VAT).
Yes. I do not think there is need to pay taxes for small businesses.Unless you need an official receipt in selling your merchandise there is no need to pay taxes for a small business. This is applicable to home based business where the place of business is not rented. Small items such as food stuff, clothing and personal accessories do not need to register with the government agency because it is considered an informal business - temporary in nature and dealing with small transactions only. This is a good incentive for entrepreneurs who need to gain experience in selling.
No business is truly tax free in Nigeria. Small businesses pay a lot of tax despite their little capital and sometimes these multiple taxations really hinders the growth of small and medium scale enterprises.In my home country, small businesses do pay tax. The tax are been collected by the local government officials. I pay taxes for all my small offline businesses.
Well, I don't agree with you. Maybe that's for your country, but in my country small business owners pays taxes. If not they'd be hindered from operating. I know, it's bad, but it's what we live with
That is usually what is obtainable here,because the structure is not formal and especially when one is running the operation from the comfort of his home,that is one of the advantage of running a small business.Unless you need an official receipt in selling your merchandise there is no need to pay taxes for a small business. This is applicable to home based business where the place of business is not rented. Small items such as food stuff, clothing and personal accessories do not need to register with the government agency because it is considered an informal business - temporary in nature and dealing with small transactions only. This is a good incentive for entrepreneurs who need to gain experience in selling.
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