PwC MSME Survey 2020 slide image

PwC MSME Survey 2020

Which of the following taxes/fees do you find most difficult to comply with? 28% 26% 25% Local government Company Income Value Added Tax levies Tax (CIT) (VAT) Source: PwC analysis PwC MSME Survey 2020 PwC 17% 4% PAYE/Personal Income Tax (PIT) Other MSMEs find local government levies the most difficult tax to comply with. This is closely followed by Company Income Tax (CIT) and Value Added Tax (VAT). Reasons for the difficulty in compliance comprised: the multiplicity of taxies and levies; lack of coordination between federal & state tax agencies, absence of technology platform(s) for ease of payment of all taxes and levies, as well as lack of fully functional tax refunds schemes at the state & federal level. Others included the absence of comprehensive tax payment schedule notification or calendar, and physical harassment/intimidation by local tax collectors. June 2020 25
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