IMPACT OF CORPORATE TAX PLANNING ON FINANCIAL PERFORMANCE OF LISTED CONSUMER GOODS FIRMS IN NIGERIA
Keywords:
Cash Effective Tax Rate, Effective Tax Rate, Firms’ Performance, Tax PlanningAbstract
The study assessed the impact of corporate tax planning on financial performance of listed consumer goods firms in Nigeria. The study employed a causal research design. The population comprised 21 listed consumer goods firms on the Nigerian Exchange Group (NGX) as at 31st December, 2024. A sample size of 16 listed consumer goods firms was selected, and secondary data were obtained from annual reports covering the period from 2015 to 2024. Descriptive, correlation and regression analyses were conducted. The findings of the study show that Effective Tax Rate (ETR) and Cash Effective Tax Rate (CETR) have insignificant impact on the financial performance of listed consumer goods firms in Nigeria. The research concluded that the Effective Tax Rate (ETR) and Cash Effective Tax Rate (CETR), do not have a statistically significant influence on the financial performance of listed consumer goods firms in Nigeria. The study recommended the management of listed consumer goods firms in Nigeria should avoid overreliance on reducing Effective Tax Rate (ETR) and Cash Effective Tax Rate (CETR) as a strategy to enhance firm financial performance. Instead, they should focus on strengthening internal operations, minimizing costs, and improving product competitiveness.
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