CIT collection in Q1 declines by 12.87% to N984.61 billion- NBS
Company Income Tax (CIT) collection in the first three months declined by 12.87% from N1.13 trillion recorded in Q4, 2023 ...
Tag: Company Income Tax
Nigeria’s earnings from foreign taxes nearly doubled in 2023 over weak naira
Nigeria has witnessed a significant surge in tax earnings from foreign firms, with figures nearly doubling in the span of ...
Top 10 sectors that paid the most CIT in Nigeria in 2023
Nigerian companies are stepping up their contributions to the national purse despite challenges in the business environment.
Nigeria gets N4.9 trillion CIT in 2023
Nigeria’s Company Income Tax (CIT) collections rose by 73.14%, reaching N4.9 trillion in 2023, up from N2.83 trillion recorded in ...
Nigeria earns N2.33 trillion from VAT, CIT in Q4 2023
Nigeria's economy witnessed a substantial influx of revenue from Value Added Tax and Company Income Tax (CIT) in the fourth ...
FIRS collects N1.75 trillion (115.9% growth) in Company Income Taxes in one year
Nigeria’s CIT collection increased by 115.90% increase in one year from the N810.19 billion recorded in the Q3 Of 2022.
Company Income Tax in Nigeria falls by 37.7% in Q1 2023
Company Income Tax (CIT) in Nigeria declined by 37.79% in Q1 2023, from N753.88 billion in Q4 2022 to N469.01 ...
Company Income Taxes rise 13.4% to N810.19 billion in Q3 2022
The Federal Government has collected a total sum of N810.19 billion as Company Income Tax (CIT) for the third quarter ...
Nigeria generates N532.5 billion Company Income Tax in Q1 2022
The FIRS on behalf of the federal government of Nigeria generated a sum of N532.48 billion from Company Income Tax ...
A strong expansion in Company Income Tax (CIT) payments in 2021
The gross CIT collected in Q4 2021 amounted to N347.81bn, a sharp 26.4% q/q decline compared with N472.52bn in Q3 ...
