Goods and services exempted from VAT

In Nigeria, Value Added Tax (VAT) is a consumption tax levied at the rate of 7.5% on goods and services supplied to consumers for a fee. From a joint reading of the Value Added Tax Act 1993, the Finance Act 2019 and the recent Value Added Tax Act (Schedule Modification) Order 2020 (“Order”), below is the list of goods and services exempted from VAT in Nigeria:..

Source: furtherafrica.com

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