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Is small business exempted or free from tax?
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[QUOTE="IamDozzy, post: 102151, member: 28928"] This usually depends on government policy of the country the business is located in. A lot of developing countries usually give tax holidays to small businesses and also huge investors. One would have to consult with the Ministry of Finance of that particular country. In Nigeria, small businesses are usually given start up funds and loans and are exempt from tax for a specified period of time till they are able to pay back the loan or the startup funds. It's worthy to note that all businesses whether small or big needs to be registered for effective monitoring. [/QUOTE]
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