Nigeria introduced Value Added Tax in December 1993. The rules for compliance and returns are contained within the VAT Act 1993.
VAT is administered by the Federal Inland Revenue Service (FIRS). Import VAT is administered and collected by the Customs Services.
Should you register for Nigerian VAT?
The following supplies require businesses to VAT register with the FIRS:
- Supply of goods and services which are otherwise not exempted by the VAT Act
- Imports of goods into Nigeria
Latest Nigerian news
April 9, 2017
Nigeria has proposed the introduction of new luxury goods VAT rate of 15%. The standard VAT rate is 5%. If approved, the new rate...
August 10, 2015
The Nigerian Federal Inland Revenue has confirmed plans to double the Nigerian VAT rate from 5% to 10% this year. The rise is seen...
January 24, 2015
Nigeria is proposing to raise its VAT rate from 5% to 10% as it struggles to manage the losses on its key oil exports...