Revenue from Value Added Tax (VAT) and Company Income Tax, CIT, grew Year-on-Year (YoY) by 17 percent to N3.48 trillion in the first half of 2023 (H1’23) from N2.97trillion in the corresponding period of 2022, H1’22. Details of data released by the National Bureau of Statistics, NBS, yesterday also show that VAT revenue stood at N1.49 trillion in H1’23 rising YoY by 25 percent from N1.19 trillion in H1’22. Similarly, Revenue from CIT rose YoY by 11.7 percent to N1.99 trillion in H1’23 from N1.78 trillion in H1’22. The NBS…
Read MoreTAX REVENUE RISES 17% TO N3.48TRN IN H1’23
