Zero VAT For Pharmaceutical Manufacturers To Commence …C0NTINUE READING HERE >>>
The Federal Ministry of Health and Social Welfare said it had finalised the Executive Order Harmonised Implementation Framework, which has now been cleared for gazetting.
The ministry said this would ensure that the Federal Inland Revenue Service (FIRS) and the Nigeria Customs Service can implement zero VAT and excise duties on pharmaceutical products and medical devices.
The ministry’s head of information and public relations, Alaba Balogun, disclosed this in a statement on Wednesday in Abuja.
He described the development as a significant milestone, as it opens the door for the local…
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