The Digest:
Nigeria’s new tax reform, signed into law by President Bola Tinubu, introduces several key changes, including a broad list of VAT-exempted items. The new legislation, effective as of January 2026, targets a range of essential goods and services, providing tax relief across various sectors.
Key Points:
VAT Exemption Items:
Oil and gas exports, crude petroleum, and gas feed for processed gas.
Locally manufactured sanitary pads, baby products, and assistive devices for...