Literature Review of the Impact of Intermediate Money Transfer Tax (IMTT) On Performance of SMES

Vimbainashe Chizana, N. Wadesango
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Abstract

Purpose: This desktop study sought to investigate the impact of IMTT on performance of SMEs Methodology: Documentary research approach, which consists of reviewing, analysing and examining information, recorded media and texts were adopted for the study. In terms of data collection, the authors sourced and reviewed literature on the topic. Among others, these sources included journal articles, books, magazines and newspapers. Findings: The study revealed that IMTT has negative impact on frequency of transactions and that transactions increased where they were below minimum threshold. Furthermore, it emerged that IMTT has negative impact on suppliers’ payments and that suppliers’ payments were delayed and use of cash was urged due to IMTT. In the same vein, the study showed that IMTT has negative impact on firm performance meaning that profitability decreased due to the adoption of IMTT Originality/Value: Management should try to minimize frequency of transactions by weighing the benefits with the costs of paying taxes. In addition, financial performance should be enhanced by focusing on proper pricing and cost minimization. The suppliers’ payment should be done on timely fashion to maintain constant supply and good relations rather than practicing tax avoidance.
中转税对中小企业绩效影响的文献综述
目的:本桌面研究旨在调查中小企业IMTTon绩效的影响。方法:采用文献研究法,包括回顾,分析和检查信息,记录媒体和文本。在数据收集方面,作者收集并回顾了有关该主题的文献。这些来源包括期刊文章、书籍、杂志和报纸。研究发现:IMTT对交易频率有负面影响,低于最低阈值的交易增加。此外,IMTT对供应商付款产生了负面影响,由于IMTT,供应商付款延迟和使用现金被敦促。同样,研究表明,IMTT对公司绩效有负面影响,这意味着由于采用了IMTT,盈利能力下降了。管理层应该通过权衡收益和纳税成本来尽量减少交易频率。此外,应通过注重合理定价和成本最小化来提高财务绩效。供应商付款应及时,以保持持续供应和良好关系,而不是进行避税。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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