LEADERSHIP Newspaper

VAT Modification Order: Firm Seeks Clarification To Ease Energy Sector Compliance

Kreston Pedabo, a leading accounting firm, has expressed concerns regarding the Federal Government’s recent 2024 VAT Modification Order, particularly its implications for the energy sector. The order ...
The Nation Newspaper

FG exempts 63 items from VAT in major fiscal reform

The federal government yesterday announced the exemption of electric vehicles (EVs), compressed natural gas (CNG) and liquefied petroleum gas (LPG) vehicles, biogas production, CNG pumps, compressors ...
LEADERSHIP Newspaper

FG Announces Tax Incentives For Oil & Gas Sector

The federal government has unveiled two fiscal incentives aimed at revitalising Nigeria’s oil and gas sector. Minister of finance and coordinating minister of the economy Wale Edun disclosed the new ...
Zawya

Prices of Diesel to rise as Customs begins VAT collection: Nigeria

The Nigeria Customs Service (NCS) on Monday explained that the Service has started the implementation of a directive to collect Value Added Tax (VAT) on Automated Gas Oil (AGO) or diesel imported into ...
The Nation Newspaper

FG exempts 63 items from VAT in major fiscal reform

In a significant move to drive Nigeria’s economic growth, the federal government has officially exempted 63 key items from Value-Added Tax (VAT). This development forms part of the broader fiscal ...