VATLive > Blog > VAT > Nigeria VAT rise

Nigeria VAT rise

  • Jan 28, 2019 | Richard Asquith

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.

In 2017, the country had proposed the introduction of new luxury goods VAT rate of 15%. 

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.