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FG Exempts 63 Items from VAT

The federal government has exempted 63 key items from Value-Added Tax (VAT) as part of its fiscal reforms aimed at boosting economic growth.

The exemption covers critical components and equipment for electric vehicles, compressed natural gas (CNG) and liquefied petroleum gas (LPG) vehicles, biogas production, and liquefied natural gas (LNG) processing.

Source: www.thisdaylive.com

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