{"id":39124,"date":"2018-05-09T18:27:31","date_gmt":"2018-05-09T18:27:31","guid":{"rendered":"http:\/\/localhost:8888\/cregital\/disha\/2018\/05\/09\/what-do-msmes-stand-to-gain-from-paying-taxes\/"},"modified":"2018-05-09T18:27:31","modified_gmt":"2018-05-09T18:27:31","slug":"what-do-msmes-stand-to-gain-from-paying-taxes","status":"publish","type":"post","link":"https:\/\/msmehub.org\/staging\/6671\/what-do-msmes-stand-to-gain-from-paying-taxes\/","title":{"rendered":"What do MSMEs stand to gain from paying taxes?"},"content":{"rendered":"<p><strong><br \/>\n<\/strong><\/p>\n<p><span style=\"display: inline !important; float: none; background-color: rgb(255, 255, 255); color: rgb(51, 51, 51); cursor: text; font-family: &quot;Trebuchet MS&quot;,&quot;Helvetica Neue&quot;,Helvetica,Tahoma,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 24px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\"><br \/>\n<\/span><\/p>\n<p><span style=\"background-attachment: scroll; background-clip: border-box; background-color: rgb(255, 255, 255); background-image: none; background-origin: padding-box; background-position-x: 0%; background-position-y: 0%; background-repeat: repeat; background-size: auto; box-sizing: border-box; color: rgb(34, 34, 34); font-family: &quot;Verdana&quot;,sans-serif; font-size: 13.33px;\">Paying taxes in<br \/>\nNigeria is one of the inevitable duties of every business owner yet an unwanted<br \/>\nobligation, irrespective of whether the business is extremely profitable or is<br \/>\nin losses. However, for a number of reasons, many businesses in Nigeria do not<br \/>\npay any taxes to government or fail to remit the right amount of taxes. This is<br \/>\noften driven by lack of knowledge on the income that should be taxed, difficulty<br \/>\nwith making payments, poor management of tax revenue by the government, amongst<br \/>\nothers. <\/span><\/p>\n<p><span style=\"display: inline !important; float: none; background-color: rgb(255, 255, 255); color: rgb(51, 51, 51); cursor: text; font-family: &quot;Trebuchet MS&quot;,&quot;Helvetica Neue&quot;,Helvetica,Tahoma,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 24px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\"><br \/>\n<\/span><\/p>\n<\/p>\n<p><span style=\"display: inline !important; float: none; background-color: rgb(255, 255, 255); color: rgb(51, 51, 51); cursor: text; font-family: &quot;Trebuchet MS&quot;,&quot;Helvetica Neue&quot;,Helvetica,Tahoma,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 24px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\"><br \/>\n<\/span><\/p>\n<p><span style=\"background-attachment: scroll; background-clip: border-box; background-color: rgb(255, 255, 255); background-image: none; background-origin: padding-box; background-position-x: 0%; background-position-y: 0%; background-repeat: repeat; background-size: auto; box-sizing: border-box; color: rgb(34, 34, 34); font-family: &quot;Verdana&quot;,sans-serif; font-size: 13.33px;\"><span style=\"background-attachment: scroll; background-clip: border-box; background-color: rgb(255, 255, 255); background-image: none; background-origin: padding-box; background-position-x: 0%; background-position-y: 0%; background-repeat: repeat; background-size: auto; box-sizing: border-box; color: rgb(34, 34, 34); font-family: &quot;Verdana&quot;,sans-serif; font-size: 13.33px;\">While MSMEs may have<br \/>\nseveral self-developed justifications for not paying taxes, it is important to<br \/>\nnote that the obligation to pay taxes is a civic duty and there are many<br \/>\nbenefits to business owners such as:<\/span><\/span><\/p>\n<p><span style=\"display: inline !important; float: none; background-color: rgb(255, 255, 255); color: rgb(51, 51, 51); cursor: text; font-family: &quot;Trebuchet MS&quot;,&quot;Helvetica Neue&quot;,Helvetica,Tahoma,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 24px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\"><br \/>\n<\/span><\/p>\n<ul>\n<li>\n<p><strong><span style=\"background-attachment: scroll; background-clip: border-box; background-color: rgb(255, 255, 255); background-image: none; background-origin: padding-box; background-position-x: 0%; background-position-y: 0%; background-repeat: repeat; background-size: auto; box-sizing: border-box; color: rgb(0, 0, 0); font-family: &quot;Verdana&quot;,sans-serif; font-size: 13.33px;\">Improved<br \/>\ninfrastructure<\/span><\/strong><strong><span style=\"background-attachment: scroll; background-clip: border-box; background-color: rgb(255, 255, 255); background-image: none; background-origin: padding-box; background-position-x: 0%; background-position-y: 0%; background-repeat: repeat; background-size: auto; box-sizing: border-box; color: rgb(255, 0, 0); font-family: &quot;Verdana&quot;,sans-serif; font-size: 13.33px;\"> <\/span><\/strong><strong><span style=\"background-attachment: scroll; background-clip: border-box; background-color: rgb(255, 255, 255); background-image: none; background-origin: padding-box; background-position-x: 0%; background-position-y: 0%; background-repeat: repeat; background-size: auto; box-sizing: border-box; color: rgb(34, 34, 34); font-family: &quot;Verdana&quot;,sans-serif; font-size: 13.33px;\">and social amenities<\/span><\/strong><span style=\"background-attachment: scroll; background-clip: border-box; background-color: rgb(255, 255, 255); background-image: none; background-origin: padding-box; background-position-x: 0%; background-position-y: 0%; background-repeat: repeat; background-size: auto; box-sizing: border-box; color: rgb(34, 34, 34); font-family: &quot;Verdana&quot;,sans-serif; font-size: 13.33px;\">: The provision of improved<br \/>\ninfrastructure and social amenities (i.e. hospitals, clean drinking water,<br \/>\nelectricity, road, schools&hellip;) require large capital spending which can only be<br \/>\nprovided by the government. The major source of income for the Government is<br \/>\ntax revenues. Hence, every tax payer in Nigeria, including MSMEs, must play<br \/>\ntheir part by contributing the right tax to ensure every Nigerian citizen<br \/>\nbenefits from good infrastructures and social amenities.<\/span>&nbsp;<\/p>\n<\/li>\n<li>\n<p><strong><span style=\"background-attachment: scroll; background-clip: border-box; background-color: rgb(255, 255, 255); background-image: none; background-origin: padding-box; background-position-x: 0%; background-position-y: 0%; background-repeat: repeat; background-size: auto; box-sizing: border-box; color: rgb(34, 34, 34); font-family: &quot;Verdana&quot;,sans-serif; font-size: 13.33px;\">Access<br \/>\nto finance<\/span><\/strong><span style=\"background-attachment: scroll; background-clip: border-box; background-color: rgb(255, 255, 255); background-image: none; background-origin: padding-box; background-position-x: 0%; background-position-y: 0%; background-repeat: repeat; background-size: auto; box-sizing: border-box; color: rgb(34, 34, 34); font-family: &quot;Verdana&quot;,sans-serif; font-size: 13.33px;\">: An MSME that<br \/>\nremits its taxes has the opportunity to access loans and attract investors, especially<br \/>\ninstitutional investors. Institutional investors such as Banks, microfinance<br \/>\nbanks, government request for tax clearance certificates (TCC) as evidence of<br \/>\ntax compliance as part of the loan application documents. Hence, a MSME that<br \/>\nwishes to expand its business should pay its taxes.<\/span><\/p>\n<\/li>\n<li>\n<p><strong><span style=\"background-attachment: scroll; background-clip: border-box; background-color: rgb(255, 255, 255); background-image: none; background-origin: padding-box; background-position-x: 0%; background-position-y: 0%; background-repeat: repeat; background-size: auto; box-sizing: border-box; color: rgb(34, 34, 34); font-family: &quot;Verdana&quot;,sans-serif; font-size: 13.33px;\">Prevent<br \/>\nadditional costs<\/span><\/strong><span style=\"background-attachment: scroll; background-clip: border-box; background-color: rgb(255, 255, 255); background-image: none; background-origin: padding-box; background-position-x: 0%; background-position-y: 0%; background-repeat: repeat; background-size: auto; box-sizing: border-box; color: rgb(34, 34, 34); font-family: &quot;Verdana&quot;,sans-serif; font-size: 13.33px;\">: An MSME is exposed<br \/>\nto additional tax liability arising from penalties or fines and interest in the<br \/>\nevent of non-payment of tax due. This could put further pressure on the on the<br \/>\nfinance of the MSME and obstruct growth of the business. It is therefore, important<br \/>\nthat MSMEs remit applicable taxes to the relevant tax authority as at when due<br \/>\nto avoid paying penalties and interest which may lead to shutdown of the<br \/>\nbusiness.<\/span><\/p>\n<\/li>\n<li>\n<p><strong><span style=\"background-attachment: scroll; background-clip: border-box; background-color: rgb(255, 255, 255); background-image: none; background-origin: padding-box; background-position-x: 0%; background-position-y: 0%; background-repeat: repeat; background-size: auto; box-sizing: border-box; color: rgb(34, 34, 34); font-family: &quot;Verdana&quot;,sans-serif; font-size: 13.33px;\">Avert<br \/>\ndisruption of business activities<\/span><\/strong><span style=\"background-attachment: scroll; background-clip: border-box; background-color: rgb(255, 255, 255); background-image: none; background-origin: padding-box; background-position-x: 0%; background-position-y: 0%; background-repeat: repeat; background-size: auto; box-sizing: border-box; color: rgb(34, 34, 34); font-family: &quot;Verdana&quot;,sans-serif; font-size: 13.33px;\">: In recent times, we have seen revenue authorities seal up<br \/>\nbusiness premises and seize goods of businesses without prior notice where the<br \/>\nowners have not paid any tax or fail to pay the correct tax due. This unplanned<br \/>\nclosure disrupts business activities and may cause business owners to lose<br \/>\ncustomers which may in turn lead to a shutdown of the business as its owners<br \/>\nare unable to trade and raise the required funds to meet their outstanding tax<br \/>\npayments. Hence, MSMEs should ensure they pay their taxes as at when due to<br \/>\navoid building up huge tax liabilities which may in turn threaten the going<br \/>\nconcern of the business.<\/span><\/p>\n<\/li>\n<li>\n<p><strong><span style=\"background-attachment: scroll; background-clip: border-box; background-color: rgb(255, 255, 255); background-image: none; background-origin: padding-box; background-position-x: 0%; background-position-y: 0%; background-repeat: repeat; background-size: auto; box-sizing: border-box; color: rgb(34, 34, 34); font-family: &quot;Verdana&quot;,sans-serif; font-size: 13.33px;\">Access<br \/>\nto engage in various transactions<\/span><\/strong><span style=\"background-attachment: scroll; background-clip: border-box; background-color: rgb(255, 255, 255); background-image: none; background-origin: padding-box; background-position-x: 0%; background-position-y: 0%; background-repeat: repeat; background-size: auto; box-sizing: border-box; color: rgb(34, 34, 34); font-family: &quot;Verdana&quot;,sans-serif; font-size: 13.33px;\">: The law has necessitated that several transactions can only<br \/>\nbe applied for upon presentation of a TCC as confirmation from the revenue<br \/>\nauthority that a business is paying its taxes. It is important to note that<br \/>\nthese transactions are off limit to MSMEs who fail to remit any tax or fail to<br \/>\nremit the correct tax. these transactions include:<\/span>&nbsp;<\/p>\n<ul>\n<li>\n<p><span style=\"background-attachment: scroll; background-clip: border-box; background-color: rgb(255, 255, 255); background-image: none; background-origin: padding-box; background-position-x: 0%; background-position-y: 0%; background-repeat: repeat; background-size: auto; box-sizing: border-box; color: rgb(34, 34, 34); font-family: &quot;Verdana&quot;,sans-serif; font-size: 13.33px;\">application for<br \/>\naward of contracts by government agencies and registered companies <\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"background-attachment: scroll; background-clip: border-box; background-color: rgb(255, 255, 255); background-image: none; background-origin: padding-box; background-position-x: 0%; background-position-y: 0%; background-repeat: repeat; background-size: auto; box-sizing: border-box; color: rgb(34, 34, 34); font-family: &quot;Verdana&quot;,sans-serif; font-size: 13.33px;\">application for<br \/>\ngovernment loan for industry or business<\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"background-attachment: scroll; background-clip: border-box; background-color: rgb(255, 255, 255); background-image: none; background-origin: padding-box; background-position-x: 0%; background-position-y: 0%; background-repeat: repeat; background-size: auto; box-sizing: border-box; color: rgb(34, 34, 34); font-family: &quot;Verdana&quot;,sans-serif; font-size: 13.33px;\">application for<br \/>\nregistration of a limited liability company or of a business name <\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"background-attachment: scroll; background-clip: border-box; background-color: rgb(255, 255, 255); background-image: none; background-origin: padding-box; background-position-x: 0%; background-position-y: 0%; background-repeat: repeat; background-size: auto; box-sizing: border-box; color: rgb(34, 34, 34); font-family: &quot;Verdana&quot;,sans-serif; font-size: 13.33px;\">application for<br \/>\nimport or export license <\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"background-attachment: scroll; background-clip: border-box; background-color: rgb(255, 255, 255); background-image: none; background-origin: padding-box; background-position-x: 0%; background-position-y: 0%; background-repeat: repeat; background-size: auto; box-sizing: border-box; color: rgb(34, 34, 34); font-family: &quot;Verdana&quot;,sans-serif; font-size: 13.33px;\">application for<br \/>\ntrade license <\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"background-attachment: scroll; background-clip: border-box; background-color: rgb(255, 255, 255); background-image: none; background-origin: padding-box; background-position-x: 0%; background-position-y: 0%; background-repeat: repeat; background-size: auto; box-sizing: border-box; color: rgb(34, 34, 34); font-family: &quot;Verdana&quot;,sans-serif; font-size: 13.33px;\">application for<br \/>\ncertificate of occupancy<\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"background-attachment: scroll; background-clip: border-box; background-color: rgb(255, 255, 255); background-image: none; background-origin: padding-box; background-position-x: 0%; background-position-y: 0%; background-repeat: repeat; background-size: auto; box-sizing: border-box; color: rgb(34, 34, 34); font-family: &quot;Verdana&quot;,sans-serif; font-size: 13.33px;\">application for<br \/>\nregistration as a contractor <\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"background-attachment: scroll; background-clip: border-box; background-color: rgb(255, 255, 255); background-image: none; background-origin: padding-box; background-position-x: 0%; background-position-y: 0%; background-repeat: repeat; background-size: auto; box-sizing: border-box; color: rgb(34, 34, 34); font-family: &quot;Verdana&quot;,sans-serif; font-size: 13.33px;\">registration of<br \/>\nmotor vehicle and change of ownership of vehicle by the vendor<\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"background-attachment: scroll; background-clip: border-box; background-color: rgb(255, 255, 255); background-image: none; background-origin: padding-box; background-position-x: 0%; background-position-y: 0%; background-repeat: repeat; background-size: auto; box-sizing: border-box; color: rgb(34, 34, 34); font-family: &quot;Verdana&quot;,sans-serif; font-size: 13.33px;\">application for<br \/>\napproval of building plans <\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"background-attachment: scroll; background-clip: border-box; background-color: rgb(255, 255, 255); background-image: none; background-origin: padding-box; background-position-x: 0%; background-position-y: 0%; background-repeat: repeat; background-size: auto; box-sizing: border-box; color: rgb(34, 34, 34); font-family: &quot;Verdana&quot;,sans-serif; font-size: 13.33px;\">application for<br \/>\ntransfer of real property <\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"background-attachment: scroll; background-clip: border-box; background-color: rgb(255, 255, 255); background-image: none; background-origin: padding-box; background-position-x: 0%; background-position-y: 0%; background-repeat: repeat; background-size: auto; box-sizing: border-box; color: rgb(34, 34, 34); font-family: &quot;Verdana&quot;,sans-serif; font-size: 13.33px;\">stamping of<br \/>\nguarantor&#8217;s form for a Nigerian passport <\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"background-attachment: scroll; background-clip: border-box; background-color: rgb(255, 255, 255); background-image: none; background-origin: padding-box; background-position-x: 0%; background-position-y: 0%; background-repeat: repeat; background-size: auto; box-sizing: border-box; color: rgb(34, 34, 34); font-family: &quot;Verdana&quot;,sans-serif; font-size: 13.33px;\">application for<br \/>\nallocation of market stalls <\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"background-attachment: scroll; background-clip: border-box; background-color: rgb(255, 255, 255); background-image: none; background-origin: padding-box; background-position-x: 0%; background-position-y: 0%; background-repeat: repeat; background-size: auto; box-sizing: border-box; color: rgb(34, 34, 34); font-family: &quot;Verdana&quot;,sans-serif; font-size: 13.33px;\">application for<br \/>\nforeign exchange to remit funds outside Nigeria <\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"background-attachment: scroll; background-clip: border-box; background-color: rgb(255, 255, 255); background-image: none; background-origin: padding-box; background-position-x: 0%; background-position-y: 0%; background-repeat: repeat; background-size: auto; box-sizing: border-box; color: rgb(34, 34, 34); font-family: &quot;Verdana&quot;,sans-serif; font-size: 13.33px;\">appointment or<br \/>\nelection into public office; etc.<\/span><\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"display: inline !important; float: none; background-color: rgb(255, 255, 255); color: rgb(51, 51, 51); cursor: text; font-family: &quot;Trebuchet MS&quot;,&quot;Helvetica Neue&quot;,Helvetica,Tahoma,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 24px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\"><br \/>\n<\/span><\/p>\n<\/p>\n<p><span style=\"display: inline !important; float: none; background-color: rgb(255, 255, 255); color: rgb(51, 51, 51); cursor: text; font-family: &quot;Trebuchet MS&quot;,&quot;Helvetica Neue&quot;,Helvetica,Tahoma,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 24px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\"><br \/>\n<\/span><\/p>\n<p><span style=\"background-attachment: scroll; background-clip: border-box; background-color: rgb(255, 255, 255); background-image: none; background-origin: padding-box; background-position-x: 0%; background-position-y: 0%; background-repeat: repeat; background-size: auto; box-sizing: border-box; color: rgb(34, 34, 34); font-family: &quot;Verdana&quot;,sans-serif; font-size: 13.33px;\">&nbsp;<\/span>It is important to<br \/>\nkeep in mind that paying taxes creates a win-win situation for all, as revenue<br \/>\ngenerated from taxes significantly impacts government&#8217;s ability to ensure<br \/>\navailability of adequate infrastructure, provides an enabling environment for<br \/>\nbusinesses to thrive and ultimately gives business owners access to greater<br \/>\nopportunities. <span style=\"color: rgb(34, 34, 34); font-family: Verdana, sans-serif; font-size: 13.33px;\">Despite these seeming reasons, it is an offence not<br \/>\nto pay your taxes. The government has been magnanimous and introduced a<br \/>\nvoluntary assets and income declaration window and encourages every tax payer<br \/>\nwho has not been compliant in the past to disclose the same by 31 March 2017<br \/>\nand have any penalty and interests waived. Start today to pay your taxes and<br \/>\nsee your business grow.<\/span><\/p>\n<p><span style=\"display: inline !important; float: none; background-color: rgb(255, 255, 255); color: rgb(51, 51, 51); cursor: text; font-family: &quot;Trebuchet MS&quot;,&quot;Helvetica Neue&quot;,Helvetica,Tahoma,sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; line-height: 24px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\"><br \/>\n<\/span><\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What do MSMEs stand to gain fr&#8230;<\/p>\n","protected":false},"author":1018,"featured_media":35704,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[315,331],"tags":[509,490,415],"class_list":["post-39124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-filing-and-paying-taxes","category-how-to-file-and-pay-taxes","tag-advantages","tag-federal-taxes","tag-msmes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What do MSMEs stand to gain from paying taxes? 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