Federal finance and statistics / National Bureau of Statistics

Company Income Tax Q4 2022

Executive Summary On the aggregate, Company Income Tax (CIT) for Q4 2022 was reported at N753.88 billion, indicating a growth rate of -6.95% on a quarter-on-quarter basis from N810.19 billion in Q3 2022. Local payments received were N353.90 billion, while Foreign CIT Payment contributed N399.98 billion in Q4 2022. On a quarter-on-quarter basis, the Water supply, sewerage, waste management and remediation activities recorded the highest growth rate with 57.40%, followed by Activities of households as employers, undifferentiated goods- and services-producing activities of households for own use …