CIT
10 Dec
Despite the rising headwinds with some companies closing shops, the government earned a total of N5.22 trillion from company income tax (CIT) in the first nine months of the year.
9 Dec
The biting economic hardship has dragged company income tax (CIT) down to N1.77 trillion in the third quarter of 2024 (Q3). This is a 28.20 percent drop compared to the N2.47 trillion in Q2 2024. However, on a year-on-year basis, CIT collections in Q3 2024 increased by 1.37 percent from the N1.75 trillion recorded in…
10 Sep
Despite the economic crisis ravaging Nigeria as a result of high inflation and forex volatility, the country generated N2.47 trillion from company income tax (CIT), in the second quarter of 2024.
27 Aug
As businesses grapple with rising operational costs and shrinking profit margins, investors have renewed calls to abolish the multiplicity of taxes currently crippling businesses of listed firms, especially the 30 per cent company income tax (CIT) and 10 per cent withholding tax on dividends.
12 Jun 2024
The aggregate Value Added Tax (VAT) collection stood at N1.43 trillion in Q1 2024, according to the VAT Q1 2024 Report released by the National Bureau of Statistics (NBS) yesterday.
Latest
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1 hour ago
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The Osun State Caucus in the National Assembly has faulted the forceful takeover of the council secretariats statewide.The caucus accused the Minister of Marine and Blue Economy, Gboyega Oyetola, of allegedly masterminding the move.
1 hour ago
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1 hour ago
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