Tag: VAT
Nigeria’s revenue from VAT hits N1.56 trillion in Q2-2024
...In terms of sectoral contributions, the top three largest shares in Q2 2024 were manufacturing with 11.78%; information and communication with 9.02%; and Mining...
Nigeria’s Q1-2024 VAT reported at N1.43 trillion, driven by local payments;...
TUE JUNE 11 2024-theGBJournal| Nigeria's Value Added Tax (VAT) collection rose by 19.21% a quarter-on-quarter basis to N1.43 trillion in Q1-2024 from N1.20 trillion,...
Quick Take| Why Federation Account Allocation fell by 2.6%
SAT APRIL 27 2024-theGBJournal| The amount disbursed by the Federation Account Allocation Committee (FAAC) to the three tiers of government in April (based on...
Nigeria’s Value Added Tax revenue for Q4 2023 reported at N1.20...
...The NBS data also shows that local payments recorded were N630.00 billion, Foreign VAT Payments were N326.27 billion, while import VAT contributed N244.04 billion...
FIRS set to investigate corporate, NGOs, and MDAs Value Added Tax...
...The exercise shall cover 2019 to 2022 accounting years for taxable persons whose records have been audited by the Service up to 2018 accounting...
Quick Take| NLNG’s one-off end-of-the-year corporate tax payment pushed Company Income...
SUN, SEPT 10 2023-theGBJournal |Collections from Company Income Tax (CIT) increased significantly by 226.4% q/q to N1.53 trillion in Q2-23 (Q1-23: N469.01 billion) –...
Nigeria’s VAT and Company Income Tax rises by 10.11% and 226.40%...
FRI, SEPT 08 2023-theGBJournal |Nigeria's Value Added Tax (VAT) for Q2 2023 was reported at N781.35 billion on the aggregate, showing a growth rate...
CPPE urges FIRS to rethink VAT collection in the informal sector
MON, JULY 10 2023-theGBJournal |''The economics of collection does not support the move. The cost of collection would be much more than the amount...
Manufacturing sector tops with 32.17% as Nigeria’s Q4 2022 VAT receipt...
THUR. 09 MARCH 2023-theGBJournal | The National Bureau of Statistics (NBS) has released latest figures on Nigeria’s sectorial distribution of value added tax (VAT)
The NBS report...
Nigeria grows VAT by 4.41% in Q1-22 to N588.59 billion
FRI, 17 JUNE, 2022-theGBJournal| On the aggregate, Value Added Tax (VAT) for Q1 2022 was reported at N588.59 billion, a growth of 4.41% on...
