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FEDERAL GOVERNMENT OF NIGERIA ISSUES VALUE ADDED TAX (MODIFICATION) ORDER, 2024

by | Oct 10, 2024 | Insight | 0 comments

On 3rd September 2024, the Federal Government of Nigeria (FGN) issued the Value Added Tax (Modification) Order, 2024 (the Order), in its Official Gazette No. 149, Vol. 111 of 3rd September 2024, through the Honourable Minister of Finance, Mr. Adebayo Olawale Edun. This Order modifies the First Schedule of the Value Added Tax (VAT) Act, Cap. V1, Laws of the Federation of Nigeria, 2004, specifically addressing exemptions and VAT treatment on equipment, infrastructure, and services related to energy sectors such as Compressed Natural Gas (CNG), Liquefied Petroleum Gas (LPG), Electric Vehicles (EV), and related technologies.

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