The Value Added Tax (VAT) (Modification) Order, 2024 (“the
Order”) was signed on 1 September 2024, by the Honorable
Minister of Finance and Coordinating Minister of the Economy (the
Minister), pursuant to Section 38 of the VAT Act, Cap. V1, Laws of
the Federation of Nigeria, 2004 (as amended). The Order was
subsequently published by the Federal Government of Nigeria (FGN)
in its Official Gazette No. 149, Vol.111 of 3 September 2024
The Order, which is effective from 1 September 2024, modifies
Parts I and II of the First Schedule to the VAT Act and extends the
list of exempted items under paragraph 2 of the Order. The Order
also prescribes a commencement date of 1 October 2023, for the
amended provisions relating to Automotive Gas Oil (AGO).
