​Introduction
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VAT (Value Added Tax) is a consumption tax levied on goods and services at the rate of 7.5% in Nigeria.   See summary below of goods and services which are vatable or exempt.
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Vatable Goods
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• Televisions 

• Bags

• Shoes

• Jewellery 

• Car parts

• Crypto Transactions

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Vatable Services
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• Accountancy

• Consultancy

• Engineering

• Legal 

• Catering

• Entertaining

• Motor Repairs

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Exempt Goods
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• Medical and pharmaceutical products

• Basic food 

• Baby products

• Books and educational materials

• Agricultural Machinery

• Commercial Aircraft / Engine's and spare parts

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Exempt Services
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• Medical services

• Banking

• Tuition / Education Services

• Airline Tickets

• Hire , rental, lease of agricultural equipment

• Exports of services

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Zero Rated
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• Export of Goods

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Non Resident Companies
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Non resident companies making taxable supplies of goods or services in Nigeria must register for VAT and can appoint a representative. 
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