According to the National Bureau of Statistics , the collection soared from the N295.72 billion earned in the Fourth Quarter of 2020 to N392.77 billion in the Q1 2021.
It said:”Its Data on Company Income Tax breakdown by sectors for Q1 2021 reflected that the sum of N392.77bn was generated as CIT as against N295.72bn generated in Q4 2020 and N295.68bn generated in Q1 2020Read Also:The bureau said breweries, bottling and beverages generated the highest amount of CIT with N23.26bn generated and
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FG Generates N392.77bn from Company Income Tax in Q1By James Emejo The federal government generated a total of N392.77 billion as Company Income Tax (CIT) in the first quarter of the year (Q1 2021), representing 32.82 per cent increase compared to N… What is the generated money used for? Every day we here gains and generated money from different sector, yet we are impoverished. Nigeria is doomed. How I wished am not a Nigerian.😡😡 corruption at it's peak. We need to work on micro economy,these figures must reflect more on the man on the street. No doubt,govt social program is good but govt must monitor other programs to ensure the effect gets to the intended people. Look into disbursements by. BOI,Micro fin bank,mobile loans etc
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
FG Generates N392.77bn from Company Income Tax in Q1By James Emejo The federal government generated a total of N392.77 billion as Company Income Tax (CIT) in the first quarter of the year (Q1 2021), representing 32.82 per cent increase compared to N… What is the generated money used for? Every day we here gains and generated money from different sector, yet we are impoverished. Nigeria is doomed. How I wished am not a Nigerian.😡😡 corruption at it's peak. We need to work on micro economy,these figures must reflect more on the man on the street. No doubt,govt social program is good but govt must monitor other programs to ensure the effect gets to the intended people. Look into disbursements by. BOI,Micro fin bank,mobile loans etc
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
Beer, beverage makers generate Nigeria's highest company tax -- NBSBeer, beverage makers generate Nigeria’s highest company tax — NBS Still people up north still has the mind to sabotage the alcohol industry even when they share from the tax it generates. Madness! You will still see all Aboki werey destroying beer and they're using the tax money to build massion in dubai, and other foreign countries.
Source: PremiumTimesng - 🏆 3. / 78 Read more »