Federal finance and statistics / National Bureau of Statistics

Value Added Tax (VAT) Q4 2022

Executive Summary On the aggregate, Value Added Tax (VAT) for Q4 2022 was reported at N697.38 billion, showing a growth rate of 11.51% on a quarter-on-quarter basis from N625.39 billion in Q3 2022. Local payments recorded were N408.12 billion, Foreign VAT Payments were N159.83 billion, while import VAT contributed N129.43 billion in Q4 2022. On a quarter-on-quarter basis, the Arts, entertainment, and recreation activities recorded the highest growth rate with 43.82%, followed by Human health and social work activities with 35.82%. On the other hand, Agriculture, forestry and fishing had the lo…