VALUE ADDED TAX

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LAWS OF THE FEDERATION OF NIGERIA

VALUE ADDED TAX ACT

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ARRANGEMENT OF SECTIONS

PART I – Imposition, etc., of Value Added Tax

1. Imposition, etc., of Value Added Tax.
2. Taxable goods and services.
3. Goods and services exempt.
4. Rate of tax.
5. Value of taxable goods and services.
6. Value of imported goods.

PART II – Administration

7. Administration of the tax.
8. Registration.
9. Registration by Government Ministries, etc., as agents of the Board.
10. Registration by non-resident companies.
11. Records and accounts.

PART III – Returns, remittances, recovery and refund of tax

12. Payment of tax by taxable person.
13. Remission of tax collected by Government Ministries, etc.
14. Collection of tax by taxable person.
15. Taxable person to render returns.
16. Remission of tax.
17. Allowable input tax, etc.
18. Effect of failure to render returns.
19. Effect of non-remittance of tax.
20. Recovery of tax.

PART IV – Value Added Tax Technical Committee

21. Establishment and composition of the Value Added Tax Technical Committee.
22. Functions.
23. Proceedings.
24. Staff.

PART V – Offences and penalties

25. Furnishing of false document, etc.
26. Evasion of tax.
27. Failure to make attribution.
28. Failure to notify change of address.
29. Failure to issue tax invoice.
30. Resisting, etc., an authorised officer.
31. Issuing of tax invoice by an unauthorised person.
32. Failure to register.
33. Failure to keep proper records and accounts.
34. Failure to collect tax.
35. Failure to submit returns.
36. Aiding and abetting commission of offence, etc.
37. Offence by body corporate, etc.

PART VI – Miscellaneous

38. Powers of Minister to vary Schedules.
39. Power of inspection.
40. Distribution of revenue.
41. Appointment of agent for manufacturer or importer.
42. Signification.
43. Forms.
44. Regulations.
45. Repeal.
46. Interpretation.
47. Short title.

SCHEDULES

FIRST SCHEDULE – Goods and services exempt

SECOND SCHEDULE – Establishment of Value Added Tax Tribunal 

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VALUE ADDED TAX ACT

An Act to impose and charge Value Added Tax on certain goods and services and to provide for the administration of the tax and matters related thereto.

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[Commencement.]                                [1^st December 1993]

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ALPHABETICAL INDEX TO THE LAWS OF NIGERIA (UPDATED TO 2018)