Tag Archives: VAT

The Federal Government has finalized the Executive Order to implement zero value-added tax (VAT) and excise duties on pharmaceutical products and medical devices, a move aimed at reducing healthcare costs for Nigerians. Alaba Balogun, the spokesman for the Federal Ministry of Health and Social Welfare, confirmed the development on Wednesday, …

The Federal Government has announced the removal of value-added tax (VAT) on essential energy products such as diesel and cooking gas, a move aimed at alleviating the current economic hardship faced by Nigerians. According to a statement from Mohammed Manga, Director of Information at the Ministry of Finance, the VAT …

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has dismissed reports that the value-added tax (VAT) rate has been increased from 7.5% to 10%.   He emphasized in a statement released on Sunday, September 8, that the VAT rate remains at 7.5%, as stipulated by the country’s tax …