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Value Added Tax (Amendment) Act, 2007 🇳🇬

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Value Added Tax (Amendment) Act, 2007

  • Commenced on 16 April 2007
  • [Up to date as at 16 April 2007]
AN ACT TO AMEND THE VALUE ADDED TAX ACT No. 102, 1993; AND FOR RELATED MATTERS.ENACTED by the National Assembly of the Federal Republic of Nigeria

1. Amendment of Act No 102 of 1993

The Value Added Tax Act (in this Act referred to as “the Principal Act”) is amended as set out in this Act.

2. General amendments

Substitute for the words “VAT Office” the words “Tax Office” wherever they occur in the Principal Act.

3. Amendment of section 4

Substitute for section 4 of the Principal Act a new section “4” – Rate of tax 4. The tax shall be computed at the rate of 5 per cent on the value of all goods and services as determined, under sections 5 and sections 6 of this Act, except that goods and services listed under Part III of the First Schedule to this Act shall be taxed at zero rate.”

4. Amendment of section 10

Substitute for the word “him”, the words “the person” in section 10 (1) of the Principal Act.


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