FG Announces Tax Incentives For Oil & Gas Sector

FG Announces Tax Incentives For Oil & Gas Sector …C0NTINUE READING HERE >>>

The federal government has unveiled two fiscal incentives aimed at revitalising Nigeria’s oil and gas sector.

Minister of finance and coordinating minister of the economy Wale Edun disclosed the new incentives in Value Added Tax (VAT) Modification Order 2024.

In the policy order, the government said it has given tax incentives for deep offshore oil & gas production, in accordance with the Oil & Gas Companies (Tax Incentives, Exemption, Remission, etc.) Order 2024.

The VAT Modification Order 2024 introduces exemptions on a range of key energy products and infrastructure, including…

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