The federal government has exempted 63 key items from Value-Added Tax (VAT) as part of its fiscal reforms aimed at boosting economic growth.
The exemption covers critical components and equipment for electric vehicles, compressed natural gas (CNG) and liquefied petroleum gas (LPG) vehicles, biogas production, and liquefied natural gas (LNG) processing.
Source: www.thisdaylive.com
Latest Posts in "Nigeria"
- VAT Targets Luxury Services, Not Everyday Essentials, Says Dr. Ahmad
- NRS Denies New VAT on Banking Services, Clarifies Existing Tax Applies Only to Service Charges
- What You Need to Know About 7.5% VAT on Bank Charges Starting January 19
- Nigeria Revenue Service Denies New VAT on Banking Services, Clarifies Existing Tax Applies
- NRS Clarifies: No New VAT on Banking Services, Charges, or Electronic Transfers in Nigeria













