Tag: company tax

  • Company Tax Grows By 53.09%  Q1 2022

    Company Tax Grows By 53.09%  Q1 2022

    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 from N347.81billion in Q4 2021. CIT is a tax imposed on the profit of a company from all sources.…