VAT

Value Added Tax (VAT) increased by N41.7 billion to N496.39 billion in Quarter One  of 2021 as against N454.69 billion generated in Quarter Four of 2020 and N324.58 billion generated in Q1 of 2020. The National Bureau of…

The Senate on Tuesday, resolved that the Federal Government should cede one per cent VAT collection as compensation to states which suffered destruction as a consequence of the #EndSARS protests. The Senate's resolution followed…