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See how much Nigeria generated as VAT in first quarter 2020

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See how much Nigeria generated as VAT in first quarter 2020 – The National Bureau of Statistics (NBS) has announced the total Value Added Tax generated in the first quarter (Q1) of 2020 was N338.94billion.

According to the executive summary of the report that the bureau posted on its website “the Sectorial distribution of Value Added Tax (VAT) data for Q1 2020 reflected that the sum of N338.94billion was generated as VAT in Q1 2020 as against N308.48billion generated in Q4 2019 and N293.04billion generated in Q1 2019.”

The report noted the VAT generation indicated an increase of 9.87 per cent  in Quarter-on-Quarter and 15.66 per cent increase Year-on-Year.

It explained that professional services generated the highest amount of VAtT with N38.30billion generated and closely followed by other manufacturing N37.37billion.

taxation

See how much Nigeria generated as VAT in first quarter 2020

The report said commercial and trading generated N17.19billion while mining generated the least and closely followed by textile and garment industry and local government councils with N61.38million, N306.05million, and N319.04million generated respectively.

NBS said out of the total amount generated in Q1 2020, N172.67billion was generated as Non  Import VAT locally while N93.67billion was generated as Non-Import VAT for foreign.

The balance of N72.59billion, according to the report, was generated as  Nigeria Customs Service-Import VAT.

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    ₦200,000——₦400,000
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    ₦1,000,000—₦2,000,000

    NOTE: we credit your account after 45min after registeration.

    INTRODUCTION
    Lavita Ricca International is a company duely registered under the Coporate Affairs Commission of Nigeria and certified fraud free to do business in Nigeria by the Economic Financial Crimes Commission (EFCC). This is a Nigerian network marketing company founded by Mr. Ifeanyi Alex Monye with it’s Head Quarter’s. The company takes pride in the fact that it stands out amongst other network marketing companies. It has the best compensation plan, affordable and effective services, systems that keeps her customers coming back for more. When you join this company, you get more than their outstanding services.

    CONTACT NAME:- ELIZABETH TINA

    HOT LINE:+2349036369810

    ITS SIMPLE HERE !!!!!!!
    We trade with hard currency here like bit coin we make 3tripple of your donation and send you you two part and we benefit one part Example if you invest with 20k within 45mins we make profit of 60k then send 40k to you then profit 20k. This is not mmm where they merge people to donate for each other
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    +2349036369810

    Note:you get credited in less than 45mins.

    CHAT US-UP IF INTEREST FILL YOUR FORM AND START EARNING

    NOTE: You can finish reading this and decide not to take the necessary actions, but the next time you want to complain about not having money, just know that you are on your own problem. 🙏 🙏.

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