Nigerian VAT returns


Nigeria requires that VAT returns are filed on a monthly basis on Form 002. They are due by the 21st of the month following the reporting period. Any VAT due should also be paid by this date. This should be done through a payment or transfer from an approved bank. Returns may be filed online as well as by paper.

A return must be accompanied with a listing of all VATable supplies received and provided.

Failure to file a return may incur a fine of NGN 5,000 per month. Failure to remit any VAT due will incur a fine equal to 5% of the liability, plus interest.


Nigerian VAT Recovery by non-residents

Non-resident businesses may not reclaim Nigerian VAT incurred.


Latest Nigerian news

Nigeria VAT rise

January 28, 2019

The Nigerian government has announced plans to raise VAT from 5% to 8% this year. The increase may still only apply to a range of luxury goods. This will be confirmed later in the year.

Nigeria 15% Luxury VAT

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...

Nigeria plans VAT rate rise to 10%

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...