See items exempted from VAT …C0NTINUE READING HERE >>>
The Federal Government has announced the exemption of 63 items from Value-Added Tax (VAT), aimed at boosting various sectors of the economy.
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, revealed this in a statement posted on X on Friday, citing the ‘Value Added Tax (Modification) Order, 2024,’ dated September 3, 2024.
This announcement follows recent fiscal reforms, including concessions to revitalize Nigeria‘s oil and gas industry, as highlighted by Minister of Finance and Coordinating Minister of the Economy, Wale Edun, earlier in…
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