Analysts Blame High Inflation, Others For Drop In CIT Collection

Analysts at CSL Stockbrokers Limited have attributed the 12.87 per cent quarterly decline in Q1’24 Company Income Tax (CIT) collection to N984.61 billion to the erosion of firms’ profits by factors, such as high inflation rates, escalating operational costs as well as the devaluation of the naira. The analysts stated this in a report which...The post Analysts Blame High Inflation, Others For Drop In CIT Collection first appeared on New Telegraph.The post Analysts Blame High Inflation, Others For Drop In CIT Collection appeared first on New Telegraph.

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