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

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 94%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Company Income Tax (CIT) recorded an N124.71 billion decline from N472.52 billion in the third quarter of 2021 to N347.81 billion

[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 .

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines