ABSTRACT

 This study focused on the effects of corporate tax on economic growth ofNigeria. The specific objectives of the study were to: evaluate the effect of company income tax on gross domestic product ofNigeria, examine the effect ofpetroleumprofit tax on gross domesticproduct ofNigeria and examine the effect ofvalue added tax on gross domesticproduct ofNigeria. This study adopted the Ex-Post Factor research design. The data to be used in the study will be sourced through the secondary data collection. Thus, the study will make use ofsecondary data which will be collected from the Central Bank ofNigeria (CBN) Statistical Bulletin (various years), and internet and journal publications. All these shall serve as relevant sources of data. The study employed Ordinary Least Squares (OLS) technique in order to determine the effect ofcorporate tax on gross domestic product (proxyfor economic growth) ofNigeria. The study thereafter will make use of the inferential statistics such as t-statistic, F-statistic, R-squared statistic and Durbin-Watson in order to establish the effect o fthe independent variable on the dependent variable (PCI). Based on the findings ofthis studyfrom the test ofthe three research hypotheses earlierformulated in the study, the researcher has therefore come to the following conclusions outlined in respect to each hypothesis. Value added tax has a negative insignificant effect on economic growth in Nigeria. Petroleum profit tax has a positive significant effect on economic growth in Nigeria and company income tax has a negative insignificant effect on economic growth in Nigeria. The study recommended that more attention should be devoted to how tax revenuefrom petroleum profit tax is remitted. Frugality, transparency and accountability should be the watchword when allocating resourcesfrom this tax revenue and economic growth.