ABSTRACT
The objective of this study is to
determine the effect of value added tax on the performance of manufacturing
firms in Nigerian. Ex post facto research design was adopted for this study. In
measuring manufacturing firms, Net profit margin (NP), Return on Capital
Employed (ROCE) and Earnings per share (EPS) were used in the study for the
period 1993 to 2018. Secondary data method was adopted in obtaining data on
value added tax, Net Pro/It Margin, Return on Capital Employed and Earnings Per
share. These data were obtained from CBN statistical bulletin, Nigeria Stock
Exchange, Federal Inland Revenue Services and journals. The data obtained were
analyzed using Simple regression analysis. Findings shows that value added tax
has significant effect on the performance of Manufacturing firms Nigeria. It was
also discovered that VAT has a negative relationship with Net profit margin,
Return on Capital Employed and Earnings per share of manufacturing firms.
Finally, we found that increase in VAT will decrease in ROCE level, NP and EPS
of manufacturing firms in Nigeria. The implication of these findings is that
Nigerian manufacturing firms will experience slow development. Based on these
findings, the researcher recommends that Nigerian manufacturing firms should
put in place fiscal policies that will enhance investment in industries and
technology which will stimulate overall productivity growth.
PAUL, O (2021). Effect Of Value Added Tax On Performance Of Manufacturing Firms In Nigeria. Mouau.afribary.org: Retrieved Nov 27, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-value-added-tax-on-performance-of-manufacturing-firms-in-nigeria-7-2
ODII, PAUL. "Effect Of Value Added Tax On Performance Of Manufacturing Firms In Nigeria" Mouau.afribary.org. Mouau.afribary.org, 23 Jul. 2021, https://repository.mouau.edu.ng/work/view/effect-of-value-added-tax-on-performance-of-manufacturing-firms-in-nigeria-7-2. Accessed 27 Nov. 2024.
ODII, PAUL. "Effect Of Value Added Tax On Performance Of Manufacturing Firms In Nigeria". Mouau.afribary.org, Mouau.afribary.org, 23 Jul. 2021. Web. 27 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-value-added-tax-on-performance-of-manufacturing-firms-in-nigeria-7-2 >.
ODII, PAUL. "Effect Of Value Added Tax On Performance Of Manufacturing Firms In Nigeria" Mouau.afribary.org (2021). Accessed 27 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-value-added-tax-on-performance-of-manufacturing-firms-in-nigeria-7-2