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Income Tax

Company Income Tax increases by N97.05bn in Q1, 2021- NBS

daily times

The National Bureau of Statistics (NBS) has said that the sum of N392.77 billion was generated as Company Income Tax (CIT) in Quarter One, 2021 (Q1, 2021) an increase of N97.05 billion over N295.72 billion generated in Q4 2020. This is revealed in the “Company Income Tax by Sectors, Q1 2021” obtained from the bureau’s […]

Income Tax: FG asks Nigerians to go to banks to fill self-certification forms

Buhari proposes N13.08bn for 2021 budget

The Federal Government has directed all account holders in the country to obtain and fill self-certification forms in line with the Income Tax Regulations 2019. READ ALSO: FG, sates get N99.26bn income tax returns from seven… This directive was contained in a series of tweets on Thursday stating that each account holder must submit the […]

Umahi stops illegal collection of tax in markets, other levies

The Ebonyi state government on Monday ordered the suspension of the collection of Personal Income Tax and other illegal revenues from markets in the state. The government also announced the suspension of every revenue collection in the local government areas in the state till further notice. The state Governor, David Umahi made the announcement at […]