EXAMINING THE EFFECTS OF CORPORATE TAX INCENTIVES IN NIGERIA

Abstract

This paper deals with corporate tax incentives and its effects in Nigeria particularly with how it impacts on investment promotion, tax incentives are those closed and special provisions created by the government that allow for exclusion s, credits, preferential tax treatment or even deferral of tax liability. They are preferential tax treatment that are allowed for selected group of tax payers for certain purposes. They can be informed of tax holiday for a specific period, credits, investment allowances and many more. The paper will also review the possible impact of tax incentives on the Nigerian economic growth and to also expose the areas of advantages and disadvantages of the history and trajectory of tax incentives in Nigeria. Tax incentives are given to approve tax payers. It is considered to be centered on correcting market inadequacies, promote industrial infrastructure, subsidized consumption and to encourage investment among other things.  This work will review with the aid of statute, case law and available texts as primary and secondary sources with available data in the area as research methodology, this paper sought the explanation surrounding corporate tax incentive in Nigeria and how it promotes investment.