N204.77bn Generated as VAT in Q1 2017 – NBS

Must Read

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...
- Advertisement -

Sectoral distribution of Value Added Tax (VAT) data for Q1 2017 reflected that the sum of N204.77bn was generated as VAT in Q1 2017 as against N207.35bn generated in Q4 2016 and N186.43bn in Q1 2016 representing 1.25% decrease Quarter-on-Quarter and 9.84% increase Year-on-Year. 

Other manufacturing generated the highest amount of VAT with N28.73bn generated and closely followed by Professional Services and Commercial & Trading both generating N20.82bn and N12.89bn respectively while Mining generated the least and closely followed by Local Government Councils and Textile and Garment industry with N35.07 mln,  N99.84 mln and N230.89  mln generated

Out of the total amounted generated in Q1 2017, N126.64bn was generated as Non-Import VAT locally while N31.72bn was generated as Non-Import VAT for foreign. The balance of N46.41bn was generated as NCS-Import VAT.

Click Here to Download Q1 2017 VAT (PDF) Report  

- Advertisement -

N204.77bn Generated as VAT in Q1 2017 - NBS - Brand Spur

N204.77bn Generated as VAT in Q1 2017 - NBS - Brand Spur

 

 

- Advertisement -

 

 

 

(ProshareNg)

- Advertisement -

 

- Advertisement -
N204.77bn Generated as VAT in Q1 2017 - NBS - Brand SpurN204.77bn Generated as VAT in Q1 2017 - NBS - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

N204.77bn Generated as VAT in Q1 2017 - NBS - Brand SpurN204.77bn Generated as VAT in Q1 2017 - NBS - Brand Spur

Latest News

Okomu Oil Plc: Brighter days ahead

Topline Analysis: CPO production expansion spur Revenue growth OKOMU OIL revenue for 9M-2020 jumped 19.8%y/y to N18.6bn. The increase was...

Presco Plc: In need of balance sheet optimisation

Topline Analysis: Impressive topline The performance of PRESCO 9M-2020 result was quite an impressive one as the macro economic environment bolstered by (Border closure, FX...

Audi further improves the e-tron product line: AC charging with 22 kW of power, greater driving convenience

Faster charging, more convenience behind the wheel – Audi is systematically enhancing its e-tron models. The all-electric SUV and e-tron Sportback SUV coupe are receiving a number...

#LBMM: Official Trailer For Nigeria’s First Cinematic Feature-Length Animated Film Drops

The countdown to Nigeria’s first feature-length animated film with a cinematic release has begun in earnest following the release of the official trailer for the ground-breaking...

Fitch Affirms Seplat at ‘B-‘; Outlook Positive

Fitch Ratings has affirmed Seplat Petroleum Development Company Plc's (Seplat) Long-Term Issuer Default Rating (IDR) at 'B-' with a Positive Outlook. Fitch has also...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -N204.77bn Generated as VAT in Q1 2017 - NBS - Brand SpurN204.77bn Generated as VAT in Q1 2017 - NBS - Brand Spur