ABSTRACT
The norms that manufacturing firms view tax
laws as hostile and depressing on their activities and performance triggered
this research on impact of company income tax on the performance oflisted
manufacturingfirms. The research formulated three specific objectives; to
examine the impact ofthe company income tax on profit after tax ofNestle
Nigeria PLC, to investigate the impact ofcompany income tax on return on assets
ofNestle Nigeria PLC, to examine the impact of company income tax on return on
capital employed ofNestle Nigeria PLC. Thus, research questions and research
hypotheses were structured in accordance with the specific objectives. In a bid
to achieve a meaningful research study work, this research will review related
literatures on the impact ofcompany income tax on the performance oflisted
manufacturingfirms. Which were sub-divided into three subheadings such
conceptualframework, theoreticalframework and empirical review. However, in the
quest to perfect this research; ex-facto research design was adopted were data
was sourced secondarily through annual report ofNestle Nigeria PLC which serves
as the instrument. The data sourced covered the range of2007 - 2017. Simple
regression statistical technique based on E-view 8 was used toanalyze the data
collected. Thus, the followingfindings were made based on the analysis that
company income tax has a significant impact on profit after tax ofNestle
Nigeria PLC, that company income tax has a significant impact on return asset
ofNestle Nigeria PLC and that company income tax has a significant impact on
return capital employed ofNestle Nigeria PLC.Sequel to the findings and
conclusion, the research made the following recommendations that That Nestle
Nigeria PLC and other manufacturing companies should employ the services oftax
experts to aid them in tax planning in other to reduce the net tax payment so
as to increase theirfinancial profitability. That Nestle Nigeria PLC and other
manufacturing companies should increase their asset size and ensure efficient
use ofthose assets to reflect in the production turnover ofthe companies.
Finally, it is recommended that government should reduce corporate tax rate
because a reduction in the corporation tax rate will increase the income to
shift to profits which will directly has an effect on the return on capital.
Thus, investors are encouraged through increase in dividendpaid out.
NNEAMAKA, C (2024). Impact of company income tax on the performance of listed manufacturing firms in Nigeria (A study of Nestle Nig. PLC):- Uloh Nneamaka C. Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-company-income-tax-on-the-performance-of-listed-manufacturing-firms-in-nigeria-a-study-of-nestle-nig-plc-uloh-nneamaka-c-7-2
CONFIDENCE, NNEAMAKA. "Impact of company income tax on the performance of listed manufacturing firms in Nigeria (A study of Nestle Nig. PLC):- Uloh Nneamaka C" Mouau.afribary.org. Mouau.afribary.org, 29 Jul. 2024, https://repository.mouau.edu.ng/work/view/impact-of-company-income-tax-on-the-performance-of-listed-manufacturing-firms-in-nigeria-a-study-of-nestle-nig-plc-uloh-nneamaka-c-7-2. Accessed 30 Oct. 2024.
CONFIDENCE, NNEAMAKA. "Impact of company income tax on the performance of listed manufacturing firms in Nigeria (A study of Nestle Nig. PLC):- Uloh Nneamaka C". Mouau.afribary.org, Mouau.afribary.org, 29 Jul. 2024. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-company-income-tax-on-the-performance-of-listed-manufacturing-firms-in-nigeria-a-study-of-nestle-nig-plc-uloh-nneamaka-c-7-2 >.
CONFIDENCE, NNEAMAKA. "Impact of company income tax on the performance of listed manufacturing firms in Nigeria (A study of Nestle Nig. PLC):- Uloh Nneamaka C" Mouau.afribary.org (2024). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/impact-of-company-income-tax-on-the-performance-of-listed-manufacturing-firms-in-nigeria-a-study-of-nestle-nig-plc-uloh-nneamaka-c-7-2