Nigeria generated N781.35bn as VAT in Q2

The National Bureau of Statistics has reported that an aggregate of N781.35 billion was generate as Value Added Tax (VAT) in Q2 2023. This represents a growth rate of 10.11% on a quarter-on-quarter basis from N709.59 billion in Q1 2023. According to NBS, Local payments recorded were N512.03 billion, Foreign VAT Payments were N142.63 billion, while import […]