Nigerian Corporate Income Tax

Quiz questions based on CIT regulations for resident, non-resident, and specific industries.

This quiz contains 15 randomly selected questions.

Question 1 of 15Score: 0

Minimum tax is payable by companies having no taxable profits for the year or where tax on profits is below the minimum tax. Which category of company is exempt from minimum tax?

Companies in the first four calendar years of business

Large companies

Medium companies

Companies with foreign income