The effect of corporate tax management on profitability: A case study of MTN Nigeria
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Background of the Study
Corporate tax management involves strategies and practices that organizations use to comply with tax regulations while minimizing tax liabilities. For large corporations like MTN Nigeria, effective tax management is essential for sustaining profitability and ensuring compliance with complex tax laws (Ogundipe & Amadi, 2023). The telecommunications industry in Nigeria is subject to multiple layers of taxation, including corporate income tax, withholding tax, and VAT, making tax management a critical aspect of financial planning.
Poor tax management can lead to financial losses, penalties, and reputational damage. Conversely, effective tax strategies enable companies to reinvest savings into business growth, enhance shareholder value, and maintain competitive advantage (Adewale & Olaniyi, 2024). This study examines the relationship between corporate tax management practices and profitability at MTN Nigeria, focusing on how strategic tax planning impacts financial outcomes.
Statement of the Problem
Tax obligations in Nigeria’s telecommunications sector are significant, and companies like MTN Nigeria must navigate a complex tax environment. Despite the importance of tax management, there is limited research on its impact on corporate profitability in this sector. This study seeks to address this gap by exploring how MTN Nigeria’s tax management strategies influence its profitability.
Objectives of the Study
- To analyze corporate tax management practices at MTN Nigeria.
- To evaluate the impact of corporate tax management on MTN Nigeria’s profitability.
- To identify challenges faced by MTN Nigeria in managing corporate taxes.
Research Questions
- What corporate tax management practices are employed by MTN Nigeria?
- How does corporate tax management affect the profitability of MTN Nigeria?
- What challenges does MTN Nigeria face in managing corporate taxes?
Research Hypotheses
- H₀: Corporate tax management does not significantly influence profitability at MTN Nigeria.
- H₀: MTN Nigeria’s corporate tax management practices are not effective.
- H₀: MTN Nigeria does not face significant challenges in managing corporate taxes.
Scope and Limitations of the Study
The study focuses on MTN Nigeria’s corporate tax management strategies and their impact on profitability. Data will be obtained from financial reports, tax records, and interviews with finance professionals at MTN. Limitations include restrictions in accessing detailed financial data and the dynamic nature of tax regulations.
Definitions of Terms
- Corporate Tax Management: Strategies used by organizations to comply with tax laws while minimizing liabilities.
- Profitability: The ability of a company to generate earnings relative to its expenses and other costs.
- Tax Obligations: Financial responsibilities imposed by government authorities on businesses, such as taxes and levies.
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