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 ...
Tag: Company Income Tax
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 ...
The laws of giving the CSR way
It's the season of giving. In Financial planning, there is a concept known as the chronological financial lifecycle. It starts ...
Company Income Tax payments improve to N392.8 billion in Q1 2021
The increase in CIT revenue was largely driven by foreign CIT payment (up 44.8% y/y to N184.6 billion).
Nigeria generates N416.01 billion from Company Income Tax in Q3 2020
Total company income tax generated increased by 3.48% in Q3 2020, compared to N402.03 billion recorded in Q2 2020.
Nigeria generates N1.29 trillion from taxes in Q2 2020, surpasses target
The total tax collection in the second quarter of 2020 increased by 8.2%
