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ABSTRACT
The objective of the study is to examine the effect of tax planning on firm financial performance. The panel research design was employed in the study due to the longitudinal and cross-sectional nature of the data. The population and sample for the study comprised of twelve (12) companies in the banking sector from 2018-2022. The data for the study is secondary and sourced from the annual report of companies. The data was analysed using the ordinary regression technique. The study finds out that tax saving has a positive and insignificant effect on firm financial performance. Effective tax rate has a negative and insignificant effect on firm financial performance. Capital intensity was found to have a positive and insignificant effect on firm financial performance. Organizations need to reevaluate how they are using their limited resources. The study recommends that companies should think about spending those funds elsewhere if tax savings are not significantly affecting the operation of the business. They should also reconsider their capital-intensive business practices as this also does not seem to have an impact on financial success.
