Nigeria’s Ministry of Finance has issued a new VAT Modification Order

Nigeria’s Ministry of Finance has issued a new VAT Modification Order

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Summary

Further to the Finance Act (FA), 2019 which amended a number of provisions in the Value Added Tax (VAT) Act, the
Federal Ministry of Finance has issued a Value Added Tax (Modification) Order, 2020 (the “Order”) with a commencement date of 3 February 2020. The Order clarifies and expands the list of exempt items as contained in the First Schedule of the VAT Act. 

Source: Pricewaterhousecoopers (PWC) Nigeria

Published: 2020

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