April 4, 2025

Below is a categorized list of books not exempt from Value Added Tax (VAT) according to Nigeria’s Modification Order 2021. These books do not qualify for VAT exemption unless they are specifically used for formal education purposes. 1. Fiction Books 📖 2. Business & Finance Books 💼 3. Self-Help & Motivational Books 🚀 4. Religious Books (Not Used for Formal Education) ✝️🕌 (Note: Religious books used in formal theological studies may still be VAT-exempt.) 5. Entertainment & Celebrity Books 🎭 6. Lifestyle & Hobby Books 🎨 7. Sports, Fitness & Wellness Books 🏋️‍♂️ 8. Astrology, Mysticism & Occult Books 🔮 9. Art, Design & Photography Books 🎭📷 10. Humor & Satire Books 😂 Implications for Book Sellers and Buyers Bookstores must properly categorize their inventory to ensure correct VAT application. Example: A bookstore selling school textbooks should not charge VAT, but if they also sell fiction novels, those must include 7.5% VAT. In summary; Clarifications on VAT-Exempt Books: For professional advice on Accountancy, Transfer Pricing, Tax, Assurance, Outsourcing, online accounting support, Company Registration, and CAC matters, please contact Sunmola David & CO (Chartered Accountants & Tax Practitioners) at Lagos, Ogun state Nigeria offices, www.sunmoladavid.com. You can also reach us via WhatsApp at +2348038460036.