With many SMEs either being unable to trade or trading at greatly reduced levels of turnover, and in order to facilitate their survival, the sector is seeking ways of deferring or reducing their tax liabilities so they can preserve their struggling cash flows. Highlight possibilities that tax policymakers and administrations might consider either for all SMEs or for the hardest-hit sectors and explain how each highlighted tax type can result in lower tax liabilities to SMEs.

Answer rating: 100% (QA)

Small enterprises play a keen role in the total GDP of a country because the Small and medium scale ... View the full answer