Nigeria generates N1.53 trillion VAT in 2020, grows by 29%
VAT revenue grew by 29.3% compared to N1.18 trillion recorded in 2019 as professional services sector tops with N162.3 billion ...
Tag: VAT
news and stories about VAT
Nigeria generates N416.01 billion from Company Income Tax in Q3 2020
Total company income tax generated increased by 3.48% in Q3 2020, compared to N402.03 billion recorded in Q2 2020.
VAT collection surges on increased VAT rate
VAT collection increased by a decent 22.9% y/y to N1.1tn in 9M 2020 from N876.1bn in 9M 2019.
Nigeria generates N424.71 billion VAT in Q3 2020
The sectoral distribution of VAT data increased from N327.20 billion in the Second quarter of 2020 to N424.71 billion by ...
Nigeria generates N1.29 trillion from taxes in Q2 2020, surpasses target
The total tax collection in the second quarter of 2020 increased by 8.2%
VAT collection edges higher but indicates weaker economy
VAT collection for Q2 2020 climbed higher by 0.8% q/q and 4.9% y/y to N327.2bn.
Nigeria generates N327.2 billion VAT in Q2, as revenue plunges across critical sectors
The decline in VAT implies that uncertainty surrounds the effective implementation of the 2020 budget.
Hike in VAT rate buoys VAT Revenue in Q1 2020
Although we expect the recent increment in the VAT rate to support growth in VAT on locally produced goods, in ...
Air travellers may soon witness fare hike due to VAT increase
Air travelers in Nigeria should brace themselves for a significant increase in the amounts they will be paying for air ...
Buhari announces 2020 budget based on proposed 7.5% VAT increase
President Muhammadu Buhari has announced that the 2020 budget is based on a newly proposed Value Added Tax (VAT) of ...
