ICLA International Commercial Law Alliance reposted this
On September 1, 2024 , the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, signed the Value Added Tax (Modification) Order, 2024, officially gazetted on the 2nd of October, 2024. The primary objective of this Landmark Order is to encourage the adoption of cleaner energy solutions, reduce the carbon footprint in the transportation and energy sectors, and foster sustainable economic growth. In this Regulatory Alert, we highlight the major changes introduced by the VAT (Modification) Order. #TaxAlert #VAT #TaxLaw