Nigerian banks have paid N75.4 billion as Company Income Tax (CIT) in the first half of the year, (H1’22), representing a 35 per cent rise when compared to N55.67 billion paid in H1’21. Meanwhile, the Federal Read More
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Revenue generated from Company Income Tax has risen by 35.6 percent Year-on-Year to N532.48 billion in the first quarter ended March 2022 from N392.7 billion in the corresponding period of 2021. Breakdown of data from the National Bureau Read More
The National Bureau of Statistics has said that the Company Income Tax (CIT) for Q1 2022 increased to N532.48 billion. According to the bureau, this is a growth rate of 53.09 percent on a quarter-on-quarter basis Read More
According to statistics from the National Bureau of Statistics. The Federal Government raked in N1.69tn from company income tax in 2021. This is a 19.56 per cent increase from the N1.41tn that was collected in 2020. Read More
According to the National Bureau of Statistics, Nigeria’s Company Income Tax fell by N124.71billion in the fourth quarter of 2021. The NBS disclosed this in its Q4, 2021 report on Company Income Tax saying, “On Read More
Revenue into the Federation Account from Value Added Tax, VAT, and Company Income Tax, CIT, rose by 30.1 per cent, year-on-year, YoY, to N2.85 trillion in nine months ended September 30th, 2021 (9mths-21) from N2.19 trillion in Read More
Data from the National Bureau of Statistics has shown that the Company Income Tax for the second quarter of 2021 rose to 472.07 billion. The data showed that this was 20.23 percent higher than N392.64 billion generated in Read More
