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Nigeria: Guidance on goods exempt from VAT

Nigeria: Guidance on goods exempt from VAT

The Federal Inland Revenue Service (FIRS) on 24 June 2020 issued a notice to clarify which goods are exempt from value added tax (VAT).

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The notice addresses and clarifies the definition of items exempt from VAT as listed in the “First Schedule” to the VAT law. It also provides that certain goods (as follows) are not exempt from VAT and there are subject to VAT at a rate of 7%:

  • Natural gas
  • Essential raw materials for production of pharmaceutical products
  • Renewable energy equipment
  • Raw materials for production of baby diapers and sanitary towels


Read a June 2020 report [PDF 134 KB] prepared by the KPMG member firm in Nigeria

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