Taxes paid by traders, mechanics rise by 49% in 2024 amid economic challenges
Taxes paid by Nigerians involved in the wholesale and retail trade, as well as the repair of motor vehicles and ...
Tag: Company Income Tax
FG plans to reduce corporate income tax rate in the next two years – Taiwo Oyedele
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele has stated that the federal ...
Manufacturers pay 84% more taxes to Nigeria despite economic decline in Q2 2024
The Nigerian manufacturing sector has witnessed a significant surge in tax contributions, reaching a nine-month high in the second quarter ...
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.
NNPCL deducts $262.55 million from remittances to FIRS as tax credit for road infrastructure
The Nigerian National Petroleum Company Limited (NNPCL) has deducted a total of $262.55 million from its remittances to the Federal ...
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 ...
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 ...
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 ...
