FG Generates N1.56trn From VAT, Says Rate Remains 7.5%

FG Generates N1.56trn From VAT, Says Rate Remains 7.5% …C0NTINUE READING HERE >>>

The National Bureau of Statistics (NBS) has said the federal government recorded a reported revenue of N1.56 trillion from Value Added Tax (VAT) for Q2 2024, showing a growth rate of 9.11 percent on a quarter-on-quarter basis from N1.43 trillion in Q1 2024.

This is as the minister of finance and coordinating minister of the economy, Wale Edun, on Monday, debunked reports doing the rounds that the rate for Value-Added Tax (VAT) has been upwardly adjusted to 10 per cent from 7.5 per…

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