The National Bureau of Statistics (NBS) disclosed the Value Added Tax (VAT) for the second quarter (Q2) 2023 was N781.35 billion, rising by 10.11 per cent on a quarter-on-quarter basis.
In the preceding quarter covering January to March, the NBS reported that the value-added Tax was N709.59 billion, a report obtained from the Bureau on Monday showed.
In addition, on a year-on-year basis, VAT collected by the Federal Inland Revenue Service (FIRS), on behalf of the Federal Government, in the second quarter of 2023 increased by 30.19 per cent from Q2 2022.
