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VAT increases by N41.7bn in Q1 2020- NBS

Tax
Value Added Tax (VAT) increased by N41.7 billion to N496.39 billion in Quarter One of 2021 as against N454.69 billion generated in Quarter Four of 2020 and N324.58 billion generated in Q1 of 2020.
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The National Bureau of Statistics (NBS) published the figures in Abuja on Saturday in its Sectoral Distribution of VAT for Q1 2021.
According to the bureau, the increase represents 9.17 per cent increase quarter-on-quarter and 52.93 per cent increase year-on-year.
It said that of the total amount generated in Q1 of 2021, N224.85 billion was generated as non-import VAT locally, while N171.66 billion was generated as non-import VAT for foreign.
It added that the balance of N99.88 billion was generated as Nigeria Customs Service-import VAT. ....

Abuja Federal Capital Territory , Revenue Service , National Bureau Of Statistics , Added Tax , Quarter One , Quarter Four , National Bureau , Sectoral Distribution , Nigeria Customs Service Import , Federal Inland Revenue Service , கூட்டாட்சியின் மூலதனம் பிரதேசம் , வருவாய் சேவை , தேசிய பணியகம் ஆஃப் புள்ளிவிவரங்கள் , காலாண்டு ஒன்று , காலாண்டு நான்கு , தேசிய பணியகம் , நைஜீரியா சுங்க சேவை இறக்குமதி , கூட்டாட்சியின் உள்நாட்டு வருவாய் சேவை ,

VAT increases by N41.7bn in Q1 2020 – NBS

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VAT increases by N41.7bn in Q1 2020 – NBS
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Value Added Tax (VAT) increased by N41.7 billion to N496.39 billion in Quarter One of 2021 as against N454.69 billion generated in Quarter Four of 2020 and N324.58 billion generated in Q1 of 2020.
The National Bureau of Statistics (NBS) published the figures in Abuja on Saturday in its Sectoral Distribution of VAT for Q1 2021.
According to the bureau, the increase represents 9.17 per cent increase quarter-on-quarter and 52.93 per cent increase year-on-year.
It said that of the total amount generated in Q1 of 2021, N224.85 billion was generated as non-import VAT locally, while N171.66 billion was generated as non-import VAT for foreign. ....

Abuja Federal Capital Territory , Revenue Service , National Bureau Of Statistics , Kindly Share This Story , Added Tax , Quarter One , Quarter Four , National Bureau , Sectoral Distribution , Prophet Jeremiah , Nigeria Customs Service Import , Federal Inland Revenue Service , Share This Story , கூட்டாட்சியின் மூலதனம் பிரதேசம் , வருவாய் சேவை , தேசிய பணியகம் ஆஃப் புள்ளிவிவரங்கள் , கைஂட்லீ பகிர் இது கதை , காலாண்டு ஒன்று , காலாண்டு நான்கு , தேசிய பணியகம் , ப்ராஃபெட் எரேமியா , நைஜீரியா சுங்க சேவை இறக்குமதி , கூட்டாட்சியின் உள்நாட்டு வருவாய் சேவை , பகிர் இது கதை ,