However, a total sum of N298.01 billion was realised in the fourth quarter (Q4, 2018), representing an increase of 8.96 per cent when compared to the N273.50 billion collected in the preceding quarter.
The Sectoral Distribution of Value Added Tax (Q4 and Full Year 2018) released by the statistical agency, showed that other manufacturing companies generated the highest amount of VAT with N28.82 billion in Q4, closely followed by professional services and commercial and trading which both generated N24.12 billion and N16.02 billion respectively.
(This Day)
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