Tag
VAT
news and stories about VAT
The Nigerian government through the Federal Inland Revenue Service (FIRS) generated the sum of N864.72 billion as company...
The Nigerian government generated a sum of N512.23 billion as Value Added Tax (VAT) in the second quarter...
A Federal High Court in Port Harcourt ruled that Rivers State should be responsible for receiving Value Added...
Nigeria's company income tax revenue increased by 32.84% year-on-year 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 2020.
VAT revenue grew by 29.3% compared to N1.18 trillion recorded in 2019 as professional services sector tops with N162.3 billion remittance
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 end of Q3 2020.
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.