Login for faster access to the best deals. Click here if you don't have an account.

VAT: Manufacturing sector contributes N864bn in 6 years –NBS Private

7 months ago Services Ikeja   406 views


  • img
Location: Ikeja
Price: ₦10

The National Bureau of Statistics (NBS), hassaid that the Nigerian manufacturing sector contributed about N864 billion ofthe N3.63 trillion generated as Value Added Tax (VAT) between 2013 to 2018. TheNBS report on Sectoral Distribution of VAT showed that the manufacturingsector’s contribution represented 24 per cent of the total VAT generated withinthe six-year period. A breakdown of the N3.63 trillion indicated that N481.5billion was generated in 2013, N493.9 billion in 2014, while N759.4 billion andN777.51 billion were generated in 2015 and 2016 respectively.    Read more:   https://innerkonsult.com/vat-manufacturing-sector-contributes-n864bn-in-6-years-nbs/

contact InnerKonsult for Professional services on Tax, accountancy and CACservices . O8038460036 ,www.innerkonsult.com