The standard Companies Income Tax (CIT) rate for large companies in Nigeria is:
A20%
B25%
C30%CORRECT
D32.5%
CITNCompany Taxation
AI
Toaster Teacher
Why the answer is C, and why the others tempt you.
Under CITA, large companies (turnover above ₦100 million) pay CIT at 30%.
Want this in Pidgin, Yoruba, Igbo or Hausa? Sign up free →
Practice more Company Taxation questions
CITN Company Taxation has thousands more questions like this — with Worked answers on every one.