Nigeria’s VAT collection surges to N496.4 billion in Q1 2021
Nigeria's VAT collection surged by 52.93% (year-on-year) to stand at N496.4 billion in Q1 2021.
Nigeria's VAT collection surged by 52.93% (year-on-year) to stand at N496.4 billion in Q1 2021.
Banks and other financial institutions generated on behalf of the government, a total sum of N24.77 billion as VAT in ...
VAT revenue grew by 29.3% compared to N1.18 trillion recorded in 2019 as professional services sector tops with N162.3 billion ...
Total company income tax generated increased by 3.48% in Q3 2020, compared to N402.03 billion recorded in Q2 2020.
VAT collection increased by a decent 22.9% y/y to N1.1tn in 9M 2020 from N876.1bn in 9M 2019.
The sectoral distribution of VAT data increased from N327.20 billion in the Second quarter of 2020 to N424.71 billion by ...
The total tax collection in the second quarter of 2020 increased by 8.2%
VAT collection for Q2 2020 climbed higher by 0.8% q/q and 4.9% y/y to N327.2bn.
The decline in VAT implies that uncertainty surrounds the effective implementation of the 2020 budget.
Although we expect the recent increment in the VAT rate to support growth in VAT on locally produced goods, in ...
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