Nigeria’s Company Income Tax (CIT) collection rises by 150% in Q2, 2024
The federal government’s Company Income Tax (CIT) collection in the second quarter of 2024 rose by 150.83% to N2.47 trillion.
Tag: CIT
Companies pay less tax in the first quarter of 2024 as economy worsens
A review of the recently released Company Income Tax (CIT) report for the first quarter of 2024 reveals that income ...
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 ...
FAAC: FG, States, LGAs share N906.96 billion October 2023 revenue
The Federation Account Allocation Committee (FAAC) says it shared N906.96 billion among the three tiers of government for October 2023.
Nigeria’s Company Income Tax (CIT) collection surged by 226% in Q2, 2023
In the second quarter of 2023, Company Income Tax (CIT) reported robust performance, posting a total collection of N1.53 trillion.
FIRS “partly” extends submission of Companies Income Tax returns for 2023 year of assesment
Nigeria’s Federal Inland Revenue Service, FIRS, announced that it has extended the due date for submission of Companies' Income Tax ...
Company Incomes Tax rises 29.53% to N714.40 billion in Q2 2022
Nigeria’s Company Income Tax for Q2 2022 was reported at N714.40 billion, indicating a growth rate of 29.53% on a ...
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 ...
