Nigeria: Govt's VAT Revenue On Steady Rise Despite Covid-19, Lockdown - Health - Nairaland
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| Nigeria: Govt's VAT Revenue On Steady Rise Despite Covid-19, Lockdown by Alexandrox: 2:24am On Nov 05, 2020 |
The Federal Government generated N424.7 billion as Value Added Tax (VAT) in the third quarter of the year (Q3'20). This represents a rise of 30 per cent in VAT revenue when compared to N275.12 billion in Q2'20. The National Bureau of Statistics, NBS, VAT Report for Q3'20 released yesterday also indicated that this is the third consecutive quarterly rise in the VAT revenue occurring throughout the period of the Coronavirus (COVID-10) induced lockdown of commercial activities across in the country. The Bureau said the "other manufacturing sector" category generated the highest amount of VAT amounting to N47.07 billion while pharmaceutical, soaps & toiletries sector generated the least amount of VAT with N386.2 million. |
| Re: Nigeria: Govt's VAT Revenue On Steady Rise Despite Covid-19, Lockdown by calebsaint1: 2:28am On Nov 05, 2020 |
okay |
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