Tag: value added tax (VAT)

VAT

Federal Government Publishes 63 Items to Be Exempted from VAT (full list)

Hetty

The Federal Government has published a list of 63 items to be exempted from Value-Added Tax (VAT). This is said to be part of a strategic move to stimulate various sectors of the Nigerian economy. The development was disclosed by the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, in […]

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Tinubu Increases Salaries of Judicial Officers by 300%

Tinubu Signs Executive Order to Introduce Zero Duties on Pharmaceuticals

Hetty

President Bola Tinubu has signed an executive order to introduce zero tariffs, excise duties and Value-Added Tax (VAT) on imported pharmaceutical inputs. The order introduced zero tariffs, excise duties, and Value-Added Tax (VAT) on specified machinery, equipment, and raw materials imported for pharmaceutical production. The coordinating Minister of Health and Social Welfare, Muhammad Ali Pate, […]

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