Published in Chart of the Day
A total of 258.9 billion naira CIT was collected locally and a total of 88.9 billion naira was the value of foreign CIT payments.
February 25th, 2022
The report of the National Bureau of Statistics on Company Income Tax (CIT) for Q4 2021 shows that the Information and Communication sector paid the highest CIT collected in Q4 2021.
A total of 258.9 billion naira CIT was collected locally and a total of 88.9 billion naira was the value of foreign CIT payments.
The information and communication sector contributed 51.1 billion naira (19.72%) to the total CIT in Q4.
The manufacturing, financial and insurance sectors follow and contributed 45.1 billion naira (17.42%) and 31.1 billion naira (12%) to the total CIT respectively.
.png)
Support good journalism - the cornerstone of a well-informed society. When you stand behind quality reporting, you empower truth, accountability, and transparency.
Today, a new generation of Nigerians live through the country’s prolonged battle with two of its biggest socio-economic deficiencies – a protracted housing deficit and recurrent budget deficits.
A recent review of the 2019 Auditor General’s report by Dataphyte reveals that there was an unexplained net change of N668.162 billion in reserves of the consolidated statement of changes in net assets and equity.
Leading Media research and data analytics organisation, Dataphyte has released its maiden Dataphyte Advisory Note titled “the Nigerian post-oil Economy Advisory Note.
A total of 258.9 billion naira CIT was collected locally and a total of 88.9 billion naira was the value of foreign CIT payments.
