A breakdown for VAT showed that mechanics and traders paid N14.32bn in Q1, 2022, N16.21bn in Q2, 2022, N17.31bn in Q3, 2022, N19.99bn in Q4, 2022, and N29.14bn in Q1, 2023.
The breakdown showed that there was an increase in VAT collected by N14.82bn or 103.49 per cent between Q1, 2022 and Q1, 2023. A breakdown for CIT showed that mechanics and traders paid N8.3bn in Q1, 2022, N19.81bn in Q2, 2022, N14.46bn in Q3 2022, N17.89bn in Q4, 2022, and N10.43bn in Q1, 2023. The breakdown showed that there was an increase in CIT collected by N2.13bn or 25.66 per cent between Q1 2022 and Q1 2023.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.