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 ...
Tag: CIT
Nigeria’s CIT revenue drops by 26.4% in Q4 2021, generates N347.8 billion
Nigeria recorded a sum of N347.81 billion as company income taxes in the fourth quarter of 2021.
Nigeria generates N864.7 billion corporate tax in H1 2021, achieves 58% of projected revenue
The Nigerian government through the Federal Inland Revenue Service (FIRS) generated the sum of N864.72 billion as company income taxes ...
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 drops to N1.41 trillion in 2020
Income tax revenue stood at N1.41 trillion in 2020, indicating a 13.35% decline.
FIRS tightens noose on deduction of stamp duty, CIT, others
FIRS has tightened regulations regarding payments of Stamp Duty, Withholding Tax and Company Income Tax .
CBN registers 2 private currency processing firms, 8 CITs
The Central Bank of Nigeria (CBN) has registered 8 Cash-In-Transit (CIT) companies, and 2 Cash Processing Companies (CPC).
