….As VAT Accruals Rise By 51.60% Revenue generation data just published by the National Bureau of Statistics (NBS) reflected that despite the lingering headwinds in the economy, revenues from Company Income Tax (CIT) and the consumption tax – Value Added Tax (VAT) – surged in the third quarter of this year compared to what was […]
The National Bureau of Statistics (NBS) on Monday reported that Federal Government raked in N810.19 billion from Company Income Tax (CIT) in the third quarter (Q3) of this year. The Bureau, in its CIT Report for the Third Quarter 2022, disclosed that the accruals in the quarter represented a growth rate of 13.41% on a […]
The National Bureau of Statistics (NBS) has reported that aggregate Company Income Tax (CIT) revenue generated by the federal revenue service grew to N714.40 billion in the second quarter of 2022. The Bureau, in its ‘CIT Report for Q2 2022’ published on Friday, indicated that the Q2 accruals represented a 29.53 percent quarter-on-quarter growth from […]
The Federation Account Allocation Committee (FAAC) on Thursday disclosed that the three tiers of government shared a total of N693.529 billion for the month of September from the total revenue collections into the Federation Account in the month. The N693.529 billion comprised revenues from Gross Statutory Revenue, Value Added Tax(VAT), and Exchange Gain. This is even […]