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

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.

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