Companies paid N1.75 trillion as taxes in the third quarter of 2023, the National Bureau of Statistics (NBS) declared in its Company Income Tax (CIT) Q3 2023 report released in Abuja on Monday.
On a year-on-year basis, the CIT collections in the third quarter of 2023 increased by 115.9 per cent compared to what was obtained in the corresponding period of 2022.
According to the report, the third quarter payment shows a growth rate of 14.27 per cent on a quarter-on-quarter basis compared to the N1.53 trillion CIT paid in the second quarter of 2023.
