An order modifying the “first schedule” of the value added tax (VAT) law defines and expands the list of goods and services that are exempt from VAT. The order also clarifies and interprets certain VAT measures that were amended by Finance Act, 2019.
Sources:
Latest Posts in "Nigeria"
- Nigeria Extends E-Invoicing Compliance Deadline for Large Taxpayers to November 2025
- Nigeria Abolishes 5% Telecom Excise Duty to Boost Affordability and Service Standards
- Nigeria Abolishes 5% Excise Tax on Telecommunication Services
- Nigerian Tax Authority Extends E-Invoicing Deadline for Large Taxpayers to November 1
- New Tax Reform Act 2025 Threatens Survival of Nigerian Airlines, Warns Air Peace Chairman