In a related development, the Value Added Tax (VAT) for the quarter under review was N697.38 billion, 11.5 per cent higher than N625.39 billion in Q3 2022.
Local payments recorded were N408.12 billion, Foreign VAT Payments were N159.83 billion, while import VAT contributed N129.43 billion in Q4 2022.
Source: businesspost.ng
Latest Posts in "Nigeria"
- FIRS Schedules Three-Day IT Shutdown for 2026 Tax Compliance System Upgrade in Nigeria
- Nigeria’s Tax Reform: Balancing Fiscal Fairness, Free Zones, VAT, and Capital Gains for Growth
- FIRS Urges Large Nigerian Taxpayers to Complete E-Invoicing Integration by November 2025 Deadline
- FIRS Calls on Large Taxpayers to Adopt E-Invoicing and Electronic Fiscal System Compliance
- Lawyers Demand Urgent Review of 7.5% VAT Policy on Legal Services in Nigeria
