VAT exemption

Tinubu Approves Zero Import Duty, VAT Exemption on Essential Food Items

Aug 14, 2024. by Ekohot Editor

President Bola Tinubu has authorized the implementation of a zero percent import duty and the exemption of value-added tax (VAT) on essential food items. This decision was confirmed in a letter from the Ministry of Finance to the Nigeria Customs Service (NCS). In the letter, Finance Minister Wale Edun explained that this measure aims to … Read more

VAT Reforms: FG Clarifies Stance, Proposes Business-Friendly Measures

May 9, 2024. by Ekohot Editor

No Proposed Increase in VAT Rate Input VAT Credit for Businesses Suggested Basic Goods and Services to be VAT-Exempt Eko Hot Blog reports that, addressing concerns raised by media reports, the Federal Government has clarified its position on Value Added Tax (VAT) reforms. Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax … Read more