EFFECT OF MULTIPLE TAXATION ON THE FINANCIAL PERFORMANCE OF
HOSPITALITY FIRMS IN ABIA STATE, NIGERIA

Oswald O. Onyeukwu 1 & John U. Ihendinihu 2
Department of Accounting, College of Management Sciences,
Michael Okpara University of Agriculture, Umudike,
Abia State, Nigeria.
1 oswaldonyeukwu2014@gmail.com
2 ihendinihu.john@gmail.com

ABSTRACT
The study examined effect of multiple taxation on the financial performance of hospitality firms in Umuahia, Abia State, Nigeria. The study employed ex post facto research design. Data for analysis was gotten from the demand notices, records and financial statements of 21 hotels who are members of the Nigeria Hotel Association (Umuahia Chapter) which fall within the category of 3-5 star hotels. The multiple linear regression technique was used to analyze the data generated with the aid of Econometrics View (E-VIEW 9). Findings from the study revealed that multiple taxation proxy by non-statutory fees and levies collectible by the state has significant effect on both total revenue and profit before tax of the hospitality firms under study. The study recommends among other things that to maintain the core goal and spirit of taxation as enshrined by the constitution, states should maintain and concentrate on those taxes as provided by the law to enable the firms grow at ease.
Keywords: Multiple Taxation, Total Revenue and Profit Before Tax.

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