Nigeria generates N392.8 billion from company income taxes in Q1 2021
Nigeria's company income tax revenue increased by 32.84% year-on-year in Q1 2021.
Nigeria's company income tax revenue increased by 32.84% year-on-year in Q1 2021.
Income tax revenue stood at N1.41 trillion in 2020, indicating a 13.35% decline.
FIRS has tightened regulations regarding payments of Stamp Duty, Withholding Tax and Company Income Tax .
The Central Bank of Nigeria (CBN) has registered 8 Cash-In-Transit (CIT) companies, and 2 Cash Processing Companies (CPC).