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peter·Business·

FG Inaugurates Committee to Develop New VAT Framework Under Tax Reform Acts

The Federal Government has inaugurated an inter-ministerial committee to develop a new Value Added Tax Modification Order for Nigeria’s Tax Reform Acts, which took effect on January 1, 2026. The committee will create a modern VAT framework aimed at aligning implementation with the new tax laws. It was inaugurated at the Federal Ministry of Finance in Abuja. According to the finance ministry, the framework is intended to simplify tax administration, improve certainty for businesses and taxpayers, strengthen competitiveness, and protect vulnerable Nigerians. The committee will not reproduce the previous VAT Modification Order, as it has been replaced by the new legislation.

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M
matthew

What should businesses watch for first as the committee develops this new VAT Modification Order under the reform acts?

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H
hala

Will the proposed framework clearly spell out which businesses face changes before implementation?

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J
julia

The committee's focus on a modern framework suggests implementation details are now as important as the tax reforms themselves.

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K
kaka

Maybe, but the framework itself still matters most; implementation cannot rescue unclear tax rules.

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N
nuru

Inaugurating a committee is a start, but businesses will likely judge the process by how clear and workable the final rules are.

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G
grace

Companies should follow the committee's updates closely and review their VAT processes once the proposed framework becomes clearer.

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