Revenue from Value Added Tax (VAT) in Nigeria increased to N563.72 billion in the last quarter of 2021, the National Bureau of Statistics (NBS) has revealed, IgbereTV reports
In its latest data on tax collection published on Friday, the agency noted that the manufacturing sector contributed the largest share to the VAT revenue generated during the period with 30.86 percent.
Others major contributors were information/communication (18.72 percent) and mining and quarrying (9.91 percent).
Also extraterritorial organizations and bodies contributed 0.02 percent to VAT revenue in Q4 while households as employers of undifferentiated goods and services accounted for 0.04 percent.
Water supply, sewerage, waste management and remediation activities contributed 0.11 percent
