FEC approves bill seeking amendment of company income tax

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The federal executive committee (FEC) has approved the economic stabilisation bill seeking amendment of tax policies.

The federal executive committee has approved the economic stabilisation bill seeking amendment of tax policies.

Edun said the council passed the economic stabilisation bill which is largely based on the recommendations of the fiscal policy and tax reform committee.

 

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Company income tax paid by local firms surged by 249% in Q2 2024Tax payments from local companies in Nigeria saw a massive 249.2 percent jump in Q2 2024, according to the latest company income tax (CIT) report by the NBS.
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