IIARD International Institute of Academic Research and Development

Journal of Business and African Economy (JBAE )

E-ISSN 2545-5281
P-ISSN 2695-2238
VOL. 10 NO. 5 2024
DOI: 10.56201/jbae.v10.no5.2024.pg96.106

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Imported and Non-Imported Value Added Tax (VAT) Collection in Nigeria from January to December 2024

Prof. Aliyu IDRIS, Haruna DZUGWAHI, PhD

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Abstract

The study presents a comprehensive analysis of Nigeria's monthly Value Added Tax (VAT) collections, disaggregated into imported and non-imported VAT categories, covering the period from January to December 2024. The research aims to uncover patterns, assess the proportional contributions of each category to VAT revenue, and explore the underlying factors driving fluctuations across the year. By leveraging granular monthly data, the study employs robust statistical techniques, including trend analysis and variance decomposition, to extract meaningful insights. Key findings reveal notable disparities in VAT contributions between imported and non-imported goods and services, shedding light on seasonal variations, economic cycles, and external trade dynamics that influence collection volumes. The study also identifies policy gaps and structural inefficiencies within the VAT system, offering actionable recommendations to enhance compliance, broaden the tax base, and optimise revenue mobilisation.

keywords:

Value Added Tax; Imported VAT; Non-Imported VAT

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References:

Adebayo, A., & Adeyemo, D. (2020). The economic impact of VAT on Nigeria’s consumption
and inflation trends. Journal of Economics and Public Finance, 6(2), 45-58.
Adeosun, A. (2020). Value-added tax and revenue diversification in Nigeria’s mono-product
economy. Journal of Taxation and Public Policy, 12(1), 78–92.
Idris A. (2024). VAT administration and allocation challenges in Nigeria. Journal of Public
Finance and Administration, 4(2), 45–67.
Eze, O. (2021). The institutional challenges of VAT collection in Nigeria: Insights from the
informal sector. African Journal of Public Administration and Management, 29(4),
101–116.
Oladipupo, A., Akintoye, I., & Olanrewaju, A. (2019). VAT administration in Nigeria:
Challenges and the way forward. Journal of Economic Policy and Research, 8(3), 234-
Tanzi, V., & Zee, H. H. (2001). Tax policy for developing countries. Economic Review, 25(2),
1-23.

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