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Manufacturing Sector Generates N864Bn VAT In Six Years – NBS

The National Bureau of Statistics (NBS) has reported that the manufacturing sector contributed about N864 billion of the N3.63 trillion generated as Value Added Tax (VAT) from 2013 to 2018. The agency, which stated this in its latest report titled ‘Sectoral Distribution of VAT in Q4, 2018’ indicated that the sector’s contribution represented 24 percent […]

Economy News Extra Latest News Revenue Taxation

Other Manufacturing Sector Tops VAT Accruals In Q4, 2018

The National Bureau of Statistics (NBS) has reported that with N28.82 billion Value Added Tax (VAT generated by the Other Manufacturing sector in three month period from October to December 2018, the sector accounted for the highest VAT accruals to the federation account during the quarter. In its latest report titled ‘Sectoral Distribution of Value […]