ABSTRACT:
This study investigates the tax implications of financial reporting decisions in Lagos State, Nigeria. The objectives are to: (1) assess the impact of financial reporting decisions on tax liabilities, (2) evaluate the role of tax planning in financial reporting, and (3) analyze the regulatory challenges in aligning financial reporting with tax compliance. A survey design was chosen to gather data from tax professionals and corporate accountants. The sample size, derived using Taro Yamane's formula, ensures statistical validity. MTN Nigeria was selected as the case study due to its complex tax reporting structures. The reliability coefficient score of the survey was 0.89. Findings reveal that financial reporting decisions significantly impact tax liabilities and highlight the importance of strategic tax planning. It is recommended that companies in Lagos State integrate comprehensive tax planning into their financial reporting practices to ensure compliance and optimize tax outcomes.
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