TAX INCENTIVES AND RETURN ON ASSET OF LISTED MANUFACTURING COMPANIES IN NIGERIA

Abstract

The study examined tax incentives and Return on Assets of listed consumer goods manufacturing companies in Nigeria. Among the specific objectives of the study, were to; identify the relationship between capital allowances and sales growth of listed consumer goods manufacturing companies in Nigeria; An Ex-post-facto research strategy was used for this investigation. the population of the research includes of the twenty-one (21) listed consumer goods manufacturing companies on Nigerian Exchange Group record for the period of seven (7) years from 2018-2024, however, (13) companies were consistent in the listed. The simple techniques used was judgmental techniques. The statistical tool used in this study was the multiple linear regression models. The following were among the summary of the study findings from the analysis: CA showed negative and significant relationship with ROA; ITC indicated positive and significant relationship with ROA. The study concluded that tax incentives had a significant influence on the sales growth of the listed consumer goods manufacturing companies in Nigeria. Thus, it was recommended that Conduct comprehensive tax planning: Manufacturing companies should engage in comprehensive tax planning to fully understand and leverage the available tax incentives and credits. This involves working closely with tax experts and understanding the specific tax laws and regulations applicable to their industry and region.