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Nigeria: VAT (Modification) Order, 2024 expands list of VAT-exempt goods and services

The order also expands the definition of “petroleum products.”

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October 15, 2024

The Value Added Tax (VAT) (Modification) Order, 2024 (signed on September 1, 2024, and published in the official gazette No. 149, Vol.111 on September 3, 2024) expands the list of VAT-exempt goods and services effective September 1, 2024, to include:

  • Equipment and infrastructure related to the expansion of compressed natural gas (CNG) and liquefied petroleum gas (LPG), including conversion kits
  • CNG and LPG conversion and installation services
  • Domestic liquified natural gas (LNG) processing facilities and equipment
  • Electric vehicles, parts, and semi-knock-down units for the assembly of electric vehicles
  • Manufacturing, assemblage, and sale of electric vehicles
  • Biogas and biofuel equipment and accessories for clean cooking and transportation

The order also expands the definition of “petroleum products” to mean “feed gas for all processed gas, aviation turbine kerosene, premium motor spirit, automotive gas oil (AGO), household kerosene, locally produced liquefied petroleum gas, compressed natural gas, imported liquefied petroleum gas, and crude petroleum oils.” The provisions relating to AGO are effective October 1, 2023.

Read an October 2024 report prepared by the KPMG member firm in Nigeria

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