The N802.407 billion total distributable revenue comprised distributable statutory revenue of N608.580 billion and distributable Value Added Tax (VAT) revenue of N193.827 billion.
In June 2022, the total deductions for cost of collection was N44.606 billion and deductions for transfers, savings, refunds and 13 per cent derivation to Anambra State was a total sum of N373.200 billion.
The communiqué confirmed that from the total distributable revenue of N802.407 billion; the Federal Government received N321.859 billion, the State Governments received N245.418 billion while the Local Government Councils received N182.330 billion.
Gross statutory revenue of N1,012.065 billion was received for the month of June 2022.
From the N608.580 billion distributable statutory revenue, the Federal Government received N292.785 billion, the State Governments received N148.505 billion and the Local Government Councils received N114.491 billion.
From the N193.827 billion distributable Value Added Tax (VAT) revenue, the Federal Government received N29.074 billion, the State Governments received N96.914 billion and the Local Government Councils received N67.839 billion.
According to the Communiqué, in the month of June 2022, Companies Income Tax (CIT) and Petroleum Profit Tax (PPT) recorded tremendous increases, while Import Duty, Oil and Gas Royalties increased marginally.
Excise Duties decreased significantly while Value Added Tax (VAT) decreased marginally.