VAT Policy on Books in Nigeria
Effective Date of VAT Exemption Restriction on Non-Educational Books The restriction on VAT exemptions for non-educational books, as outlined in the Value Added Tax (Modification Order) 2021 (MO 21), took effect on January 1, 2021. Overview of the VAT (Modification Order) 2021 (MO 21):The MO 21 is a legal directive issued by the Minister of Finance, empowered by the Value Added Tax (VAT) Act, to specify goods and services eligible for VAT exemption in Nigeria. Key Highlights of MO 21: Legal Authority for MO 21: Impact on the Book Industry:
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