In Nigeria, the standard Value Added Tax (VAT) rate is 7.5%, which was increased from 5% on February 1, 2020. However, there are certain goods and services that fall under a 0% VAT rate. These include:
- Non-oil exports
- Commercial aircraft and spare parts
- Certain humanitarian initiatives
- Agricultural and mining equipment
- Basic foodstuffs
- Medical supplies and educational materials
- Residential rents
- Some financial services
The 7.5% rate applies to all other taxable goods and services. Businesses should be aware of items qualifying for the 0% rate to ensure compliance.
Tools:
- Ireland VAT Calculator
- Madhya Pradesh VAT Rate Calculator
- Spain VAT Refund Calculator
- Nigeria Customs Duty Calculator
- Pakistan Customs Duty Calculator
- Indian Customs Duty Calculator
- US Customs Duty Calculator
- Brazil Sales Tax Calculator
- China VAT Calculator
- Denmark VAT Refund Calculator
- Greece VAT Calculator
- GST Calculator
- GST HST Calculator
- Import Duty Calculator
- India GST Calculator
- Morocco Import Duty Calculator
- New Zealand GST Calculator
- Reverse GST Calculator
- U.S. Sales Tax Calculator
- UK VAT Tax Calculator
- Philippines VAT Calculator
- Australia VAT (GST) Calculator
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