The National Bureau of Statistics (NBS) said the federal government generated N625.39 billion as Value Added Tax (VAT) in the third quarter of 2022.
The Bureau disclosed this in its “Sectoral Distribution of Value Added Tax data for Q3 2022, released on Monday.
According to the bureau, the figure represents a growth rate of 4.21 per cent quarter-on-quarter basis from N600.15 billion in Q2 2022 and a 24.95 per cent increase year-on-year from Q3 2021.
It said on a quarter-on-quarter basis, the Arts, entertainment, and recreation supply activities recorded the highest growth rate with 61.09 per cent, followed by activities of extraterritorial organizations and bodies with 44.47 per cent.
Source: premiumtimesng.com
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