Nigeria: Guidance on VAT administration
NRS guidance addresses key VAT administration rules under Nigeria’s 2025 tax legislation.
The Nigeria Revenue Service (NRS) on June 29, 2026, issued Information Circular No. 2026/05, providing guidance on the administration of VAT under the Nigeria Tax Act 2025 (NTA) and the Nigeria Tax Administration Act, 2025 (NTAA).
The circular provides information concerning:
- Time of supply
- Value of taxable supplies
- Place of supply
- Input and output VAT
- VAT withholding agents
- Electronic Fiscal System
The circular also notes that although it does not address the VAT implications of business restructuring, the NTA provides that VAT does not apply to restructuring carried out in accordance with applicable law.
Read an October 2026 report prepared by the KPMG member firm in Nigeria