Description
Impact of taxes on the dividend policies of banks in Nigeria.
Abstract
This study focuses on the impact of taxes on the dividend policy of banks in Nigeria using United Bank of Africa (UBA) as the study area. The objectives of the study are to examine whether the adoption of tax policies on divided payout has an impact on the performance of United Bank of Africa, and also to determine if the adoption of tax policies on divided payout on commercial banks in Nigeria enhances the profitability of United Bank of Africa. And to examine the significant relationship between tax policies and divided payout on commercial banks in Nigeria. The methodology adopted in gathering data was descriptive survey method. The major instrument used to gather data from primary sources is the questionnaire. From a population of 20, a sample size of 13 respondents was selected using Taro Yamane formula. Findings revealed that there is a significant relationship between tax policies and divided payout on commercial bank performance in Nigeria. It was recommended that the financial statements of banks should be prepared in accordance with the requirements of tax policies so as to improve the quality and public confidence in the financial statements.
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