Federal finance and statistics / National Bureau of Statistics

Company Income Tax Q4 2021

Executive Summary On the aggregate, Company Income Tax (CIT) for Q4 2021 stood at N347.81 billion, a decline by 26.39% on a quarter-on-quarter basis from N472.52 billion in Q3 2021. Local payments recorded were N258.85 billion, while Foreign CIT Payment contributed N88.96 billion. On a quarter-on-quarter basis, positive growths were recorded in accommodation and food service activities (116.01%); activities of extraterritorial organizations and bodies (128.92%); activities of households as employers, undifferentiated goods and services-producing activities of households for own use (563.56%); …