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PROSHARE | |
PROSHARE |
Monday, July
27, 2020 12:15 PM / NBS/ Header Image
Credit: NBS
Sectoral distribution of
Value Added Tax (VAT) data for H1
2020 reflected that the sum of N651.77bn
was generated as VAT in H1
2020 as against N600.98bn generated in H1 2019. This represents 8.45% growth Year-on-Year.
Professional Services
generated the highest amount of VAT with N95.92bn
generated and closely followed by Other Manufacturing generating N67.63bn, Commercial and Trading generating N31.10bn while Mining generated the least and closely
followed by Textile and Garment Industry and Pharmaceutical, Soaps and
Toiletries with N127.58m, N499.19m and N648.78m
generated respectively.
Out of the total amounted
generated in H1 2020, N335.82bn
was generated as Non-Import VAT locally while N161.74bn
was generated as Non-Import VAT for foreign. The balance of N154.21bn was generated as NCS-Import VAT.
Click Here to Download H1 2020
VAT PDF Report
Latest
2020 NBS Reports
Q3 2020
Q2 2020
Q1 2020