Manufacturers Pay N900bn Tax In Nine Months

The National Bureau of Statistics’ quarterly CIT and VAT data show that, in the first nine months of 2023, the manufacturing industry remitted at least N900.8bn in company income tax and value added tax. In Q1 2023, manufacturers paid N129.2 billion in VAT and N62.9 billion in CIT. Manufacturers’ VAT payments rose by 17% to … Continue reading Manufacturers Pay N900bn Tax In Nine Months