Tax Incentives and Business Growth: Experience from Listed Manufacturing Firms in Nigeria

The importance of companies adopting tax incentive measures cannot be overstated, as it has received global attention because investors are interested in investing in a country that can provide certain incentives for them to invest there by providing an enabling environment. "Going concern" is one of the most fundamental accounting principles associated with businesses; it means that businesses are built on the assumption that they will exist indefinitely. The study's goal was to look into the relationship between tax breaks and business growth in Nigerian manufacturing firms. Ex-post facto research was used in this study. The population consisted of all of Nigeria's listed manufacturing companies, and the sample size was set at ten companies using the purposive sampling technique. Data collected was analysed using descriptive statistics like tables, mean score analysis, and inferential statistics like regression analysis. The findings revealed a significant positive relationship between tax incentives and turnover growth as well as retained earnings. However, the study concluded that there was a relationship between the variables under study. Based on the findings, the study recommended that businesses claim all available tax incentives to expand their operations and that businesses use the services of tax experts to reduce tax liability through legitimate tax planning.