Federal finance and statistics / National Bureau of Statistics

Company Income Tax Q3 2023

Executive Summary On the aggregate, Company Income Tax (CIT) for Q3 2023 was reported at N1.75 trillion, indicating a growth rate of 14.27% on a quarter-on-quarter basis from N1.53 trillion in Q2 2023. Local payments received were N651.63 billion, while Foreign CIT Payment contributed N1.10 trillion in Q3 2023. On a quarter-on-quarter basis education recorded the highest growth rate with 59.60%, followed by public administration and defence, compulsory social security with 57.04%. On the other hand, activities of households as employers, undifferentiated goods- and services-producing activitie…