- The rate for VAT is increased from 5% to 7.5%
- A threshold of NGN25 million of turnover in a calendar year will be required for VAT registration.
- Introduction of “reverse charge rule” which requires recipients of goods and services supplied in Nigeria to self-account for VAT on goods purchased for nonresidents
- ……
Source EY
Latest Posts in "Nigeria"
- Nigeria Sets E-Invoicing Compliance Deadlines: Phased Rollout Begins April 2026 for Large Taxpayers
- NCAA Orders Overland Airways to Refund Passengers Wrongly Charged VAT Before January 2026
- Nigeria Sets E-Invoicing Rollout Dates for Medium and Emerging Taxpayers Through 2028
- Nigeria Expands E-Invoicing System to Medium and Emerging Taxpayers with Phased Rollout Timelines
- Nigeria Sets Timeline for E-Invoicing and Electronic Fiscal System Rollout by Taxpayer Category
