An Evaluation of the Role of Tax Compliance Cost Analysis in Decision-Making: A Study of Nigerian Breweries Plc
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Background of the Study
Tax compliance costs represent the resources expended by firms to meet tax obligations, including administrative expenses, personnel costs, and consultancy fees. Analyzing these costs is essential for effective decision-making, as it provides insights into how tax obligations impact financial performance and operational efficiency (Chukwu & Olawale, 2024).
Nigerian Breweries Plc, one of Nigeria's largest manufacturing firms, incurs significant tax compliance costs due to its complex operational structure and regulatory environment. Understanding and managing these costs are critical for ensuring profitability and sustainability. This study evaluates the role of tax compliance cost analysis in decision-making at Nigerian Breweries Plc, focusing on its implications for resource allocation and strategic planning.
Statement of the Problem
Many Nigerian firms fail to consider the full implications of tax compliance costs in their decision-making processes. This oversight can lead to inefficiencies, reduced profitability, and missed opportunities for cost savings. Nigerian Breweries Plc, despite its established tax management framework, faces challenges such as rising compliance costs and evolving tax laws (Okafor & Udo, 2023).
This study examines how tax compliance cost analysis informs decision-making at Nigerian Breweries Plc, addressing gaps and providing recommendations for improvement.
Objectives of the Study
- To assess the tax compliance costs incurred by Nigerian Breweries Plc.
- To evaluate the role of tax compliance cost analysis in decision-making.
- To identify strategies for minimizing tax compliance costs.
Research Questions
- What are the tax compliance costs incurred by Nigerian Breweries Plc?
- How does tax compliance cost analysis inform decision-making?
- What strategies can be adopted to minimize tax compliance costs?
Research Hypotheses
- Tax compliance cost analysis significantly influences decision-making at Nigerian Breweries Plc.
- Rising tax compliance costs negatively impact profitability and operational efficiency.
Scope and Limitations of the Study
This study focuses on tax compliance cost analysis at Nigerian Breweries Plc, with an emphasis on its role in decision-making. Limitations include access to financial records and confidentiality concerns.
Definitions of Terms
- Tax Compliance Costs: Expenses incurred to adhere to tax laws and regulations.
- Decision-Making: The process of selecting the best course of action from available alternatives.
- Strategic Planning: Long-term planning to achieve organizational goals.
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