Federal finance and statistics / National Bureau of Statistics

Value Added Tax (VAT) Q3 2022

Executive Summary On the aggregate, Value Added Tax (VAT) for Q3 2022 was reported at N625.39 billion, showing a growth rate of 4.21% on a quarter-on-quarter basis from N600.15 billion in Q2 2022. Local payments recorded were N367.93 billion, Foreign VAT Payments were N121.85 billion, while import VAT contributed N135.61 billion in Q3 2022. On a quarter-on-quarter basis, the Arts, entertainment, and recreation supply activities recorded the highest growth rate with 61.09%, followed by Activities of extraterritorial organizations and bodies with 44.47%. On the other hand, Activities of househol…