FG Realises N2.52trn From Taxes In 6 Months
The federal government says it realised N2.52 trillion from taxes between January and June 2018.
This was according to a report on the revenue performance by Federal Inland Revenue Service, FIRS, submitted to the Minister of Finance, Mrs. Kemi Adeosun, during the weekend.
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The latest figure represents an increase of N746 billion, over what was realised in the corresponding period in 2017.
In 2017, the FIRS realised a total of N1.7 trillion in the first six months of the year.
A breakdown of the figure shows that N1.6 trillion was collected as Petroleum Profit Tax (PPT) as against N636 billion resulting in a variance of N532 billion.
From the company income tax (CIT), the FIRS realised a total of N680 billion, while the Value Added Tax (VAT) yielded a total of N536 billion in the period under review, which was N68.8 billion more than the N467 billion realised in 2017.
