Ikeja : FG Rakes In N36bn Tax from Insurance Firms (Ikeja) NGN 10


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For their five-year operation, about 55 life and non-life insurance companies in Nigeria have paid N36.5 billion taxes to the federal government through the Federal Inland Revenue Service (FIRS). Taxes were paid by the companies between 2013 and 2017 financial year end. The underwriters generated N100.4 billion as Profit Before Tax (PBT) and were left with Profit After Tax (PAT) of N63.9 billion, having paid N36.5 billion as taxes to the government. The tax paid translates to about 35 per cent […]
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April 26, 2019 3:02 am