The Order replaces the VAT (Modification) Order 2020, amends the First Schedule to the VAT Act by defining and expanding the list of goods and services listed in the First Schedule to the VAT Act, and provides clarification on the amendments introduced to the VAT Act by Finance Act, 2020.
Source: KPMG
Latest Posts in "Nigeria"
- FIRS Schedules Three-Day IT Shutdown for 2026 Tax Compliance System Upgrade in Nigeria
- Nigeria’s Tax Reform: Balancing Fiscal Fairness, Free Zones, VAT, and Capital Gains for Growth
- FIRS Urges Large Nigerian Taxpayers to Complete E-Invoicing Integration by November 2025 Deadline
- FIRS Calls on Large Taxpayers to Adopt E-Invoicing and Electronic Fiscal System Compliance
- Lawyers Demand Urgent Review of 7.5% VAT Policy on Legal Services in Nigeria
