The indirect tax burden on Nigerians rose by 18.88 per cent to N3.03tn in 2022 amid an economic downturn and rising inflation.
According to the National Bureau of Statistics, Nigerians paid N3.03tn as indirect tax in 2022, an 18.88 per cent increase from the N2.55tn that was paid in 2021. This is based on current basic prices.
Indirect taxes are taxes, which include value-added taxes, Customs or…
The Federal Government received N1.09tn from indirect taxes in the first two quarters of 2022, according to data from the National Bureau of Statistics.
This represents a 10.29 per cent increase from N984.33bn obtained in the first two quarters of 2021.
Indirect taxes are…