VAT-exempt and or 0% Rated items/services in Nigeria
- Basic food items – 0% VAT.
- Rent – Exempt from VAT.
- Education services and materials – 0% VAT.
- Health and medical services – Exempt.
- Pharmaceutical products – 0% VAT.
- Small companies (≤ N100m turnover) – Exempt from charging VAT.
- Diesel, petrol, and solar power equipment – VAT suspended or exempt.
- Refund of VAT on assets and overheads used to produce VATable or 0% VAT goods/services.
- Agricultural inputs – Fertilizers, seeds, seedlings, feeds, live animals.
- Purchase, lease, or hire of equipment for agricultural purposes.
- Disability aids – Hearing aids, wheelchairs, braille materials.
- Transport – shared passenger road transport (non-charter).
- Electric vehicles and parts.
- Humanitarian supplies – Items provided by recognized relief agencies.
- Baby products for persons with disabilities.
- Sanitary towels, pads – For health and hygiene purposes.
- Land and building – Certain transfers exempt from VAT (e.g., first sale of developed land).
- Books, newspapers, and magazines – Exempt to promote education.
- Public transportation services – Exempt from VAT.
- Water supply services – Exempt when provided by recognized public utilities.
- Financial services – Banking, insurance services, and investments as VAT-exempt.
- Export of goods and services – 0% VAT to encourage foreign trade.
- Medical and health-related supplies – Vaccines, surgical instruments, and consumables.
- Religious and charitable organizations – Supplies directly related to charitable purposes.
- Essential medical devices – Hearing aids, prosthetics, wheelchairs.
- Agricultural produce sold by farmers – Raw unprocessed products are exempt.
- Government grants and interventions – Supplies funded by government for public welfare.
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