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company income tax CIT is the tax on companies our non-resident corporations doing business in Nigeria based on your profits letamp;#39;s break it down meet daddy letamp;#39;s call him big company because of the size of his company he pays 30% of his profits yearly as CIT 2 fi RS now meet Paulina letamp;#39;s call her small company Paulinaamp;#39;s be running her company for five years I mixed a yearly profit as less than 1 million because of this she gets to pay only 20% of our profits to F IRS and then here are Felix and Shama they run an NGO and a cooperative society respectively because their businesses are not for profits they donamp;#39;t pay CIT so in simpler terms if your business is a study you paid 30% if your business is a Paulina you paid 20 and if your business is if Felix or H your map you donamp;#39;t pay at all visit w-w-w