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FGN Issues VAT Modification Order 2024 for Energy Sector Equipment and Services

  • FGN issued Value Added Tax (Modification) Order on 3rd September 2024
  • Order modifies First Schedule of VAT Act, addressing exemptions and VAT treatment on energy sector equipment, infrastructure, and services
  • Specifically includes Compressed Natural Gas (CNG), Liquefied Petroleum Gas (LPG), Electric Vehicles (EV), and related technologies

Source: strenandblan.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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