Value Added Tax

Earnings from VAT rise 19%, hit N1.19 trn

Earnings from VAT rise 19%, hit N1.19 trn

By Elizabeth Adegbesan Nigeria generated N1.19 trillion from Value Added Tax (VAT) in the first half of the year (H1’22). This represents a 19 per cent year-on-year (YoY) rise when compared to N1 trillion earned in H1’21. Data contained in the National Bureau of Statistics (NBS) VAT report for the second quarter of the year, […]