Corporate income tax and financial performance of commercial banks in Uganda: a case study of centenary rural development bank, Ishaka Branch Bushenyi District
| dc.contributor.author | Twesiimye, Monica | |
| dc.date.accessioned | 2020-07-30T07:46:41Z | |
| dc.date.available | 2020-07-30T07:46:41Z | |
| dc.date.issued | 2015 | |
| dc.description.abstract | The study was carried out on corporate income tax and financial performance of commercial Banks in Uganda, a case study of Centenary Rural Development Bank lshaka, The research was conducted basing on two study variables: corporate income tax as an independent variable and financial performance was the dependent variable, The study was guided by the following objectives; to evaluate the effects of corporate income tax, level of financial performance and find out the relationship between corporate income tax and financial performance in Centenary Rural Development Bank, Descriptive research design was used during the study because the researcher relied on the respondents' views and a case of Centenary bank lshaka branch was used to represent commercial banks and the findings, conclusions and recommendations were generalized to all commercial banks in Uganda, The researcher had a target population of 30228 respondents out of which a sample of 395 respondents was selected using Sloven's formula, The data was collected using questionnaire and interview guide, Both purposive and stratified sampling techniques were used, Cross sectional research design was used in the study, Data was analyzed using SPSS and data presented m the in tables using frequencies and percentages. Pearson correlation coefficient was used to determine the relationship between corporate income tax and financial performance. The findings of the study revealed that corporate income tax reduces retained earnings, share price and loan interest income. The major determinants of bank performance were capital, liquidity and management. Corporate income tax showed an inverse relationship with financial performance. The study was based on Equity Theory. It was found that commercial banks only pay corporate income tax on their profits, not on their revenues. If a bank is just breaking even and doesn't have any profit left, then corporate income tax is not paid. The researcher based on the study findings and recommended that Centenary Rural Development Bank should employ the services of corporate income tax experts to aid in corporate income tax management and also should plan additional ways to increase its profitability. | en_US |
| dc.identifier.uri | http://hdl.handle.net/20.500.12306/12343 | |
| dc.language.iso | en | en_US |
| dc.publisher | Kampala International University(KIU) | en_US |
| dc.subject | Corporate Income Tax | en_US |
| dc.subject | Performance of Commercial Banks | en_US |
| dc.subject | Uganda | en_US |
| dc.subject | Centenary Bank | en_US |
| dc.title | Corporate income tax and financial performance of commercial banks in Uganda: a case study of centenary rural development bank, Ishaka Branch Bushenyi District | en_US |
| dc.type | Other | en_US |