THE IMPACT OF CORPORATE TAXATION ON THE PERFORMANCE OF QUOTED MANUFACTURING FIRMS IN NIGERIA 2014-2023

ABSTRACT This study examined the impact of corporate taxation on financial performance of manufacturing companies in Nigeria. The specific objectives of the study were to examine the effect of value added tax, companies income tax and tertiary education tax on financial performance. This research work covered period ten (10) years spanning from 2014 -2023 and earnings per share was used to proxy financial performance. Ex-post facto research design was utilized in the study and five (5) were selected from manufacturing sector for sample size. Annual report and financial statement of the selected firms were the research instrument utilized in the study. Secondary source and panel data were used to generate inferences for the study. Eview was used as statistical tool and descriptive statistics were used in this study. Panel least square which includes fixed effect and random effect were to test hypotheses at 5% level of significance. The study found that companies income tax has significant effect on performance of quoted manufacturing firms in Nigeria. In addition, it was discovered that value added tax has insignificant effect on financial performance of quoted manufacturing companies in Nigeria. Finally, the study revealed that tertiary education tax has insignificant impact on financial performance of quoted manufacturing companies in Nigeria. Hence, the study recommended that frequent tax-based training should be carried out for the employees of firms to enable them to understand the tax repercussions of their decisions.