The manufacturing sector remained the top contributor to Value-added Tax (VAT) with a contribution of N395.34 billion, representing 22.21 percent of the N1.78 trillion total VAT collections in the third quarter of 2024 (Q3’24), reaffirming its critical role in Nigeria’s economic development.
Source: www.vanguardngr.com
Latest Posts in "Nigeria"
- Nigeria’s 2025 VAT Reforms: Impact on Foreign Tech Firms and Local Tech Ecosystems
- Nigeria Extends E-Invoicing Compliance Deadline for Large Taxpayers to November 1, 2025
- Nigeria Extends E-Invoicing Compliance Deadline for Large Taxpayers to November 2025
- Nigeria Abolishes 5% Telecom Excise Duty to Boost Affordability and Service Standards
- Nigeria Abolishes 5% Excise Tax on Telecommunication Services
