FG announces VAT exemptions for energy, oil sectors

FG announces VAT exemptions for energy, oil sectors

In a move to boost Nigeria’s energy sector, President Bola Tinubu’s administration has announced new fiscal incentives, including Value Added Tax (VAT) exemptions on key energy products and infrastructure. These exemptions cover Diesel, Feed Gas, Liquefied Petroleum Gas (LPG), Compressed Natural Gas (CNG), Electric Vehicles, Liquefied Natural Gas (LNG) infrastructure, and Clean Cooking Equipment. Additionally, the government introduced a Notice of Tax Incentives for Deep Offshore Oil &...
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