Company Income Tax declines by N124 billion in Q4, 2021, says NBS

[FILES] Income Tax. Photo: Steve Buissinne / PixabayThe NBS disclosed this in its “Company Income Tax Quarter Four, 2021” data published on its website yesterday.

However, activities of households as employers, undifferentiated goods and services-producing activities of households for own use at N189.44 million accounted for the lowest remittance of CIT, though it recorded a 563.56 per cent growth. The Bureau noted that on a quarter-on-quarter basis, positive growths were recorded in accommodation and food service activities ; activities of extraterritorial organisations and bodies .

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