The Federal Government generated N600.15 billion as Value Added Tax (VAT) in the second quarter of this year, IgbereTV reports
The National Bureau of Statistics (NBS) disclosed this in its VAT Q2 2022 Report released on Saturday in Abuja.
The figure, according to the bureau, was 1.96 percent higher than the N588.59 billion recorded in Q1 2022.
The NBS however, said, on a year-on-year basis, VAT collections in Q2 2022 increased by 17.16 percent from Q2 2021.
The agency revealed that N359.12 billion was generated as Non-Import VAT locally while Non-Import VAT for foreign contributed N111.13 billion in Q2 2022
