N651.77bn generated from VAT in six months

N651.77bn generated from VAT in six months – NBS

A total of N651.77bn was generated from Value Added Tax in the first half of 2020, according to latest figures from the National Bureau of Statistics.

The NBS disclosed this on Monday in its report on, “Sectoral distribution on Value Added Tax,” for the half year period of 2020.

Part of the report reads, “Sectoral distribution of Value Added Tax data for H1 2020 reflected that the sum of N651.77bn was generated as VAT in H1 2020 as against N600.98bn generated in H1 2019.

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