List of 62 items exempted from VAT

The 62 items exempted from VAT by the FG include gas generators and CNG/LPG dual-fuel vehicles. Check the full list of items below.

The Federal Government (FG) has exempted 62 items from paying Value Added Tax (VAT).

This was revealed by Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, in a post on X (formerly Twitter) on Friday, 4th October.

Oyedele said the exempted items are contained in an official gazette for the ‘Value Added Tax (Modification) Order, 2024,’ dated 3rd September 2024.

The new development comes barely 48 hours after Hon. Wale Edun, Minister of Finance and Coordinating Minister of the Economy, announced the introduction of concessions aimed at revitalising the oil and gas industry to ensure a boost in Nigeria’s upstream and downstream sectors.

According to Channels TV, the minister unveiled two major fiscal incentives which included VAT Modification Order 2024 and Notice of Tax Incentives for Deep Offshore Oil and Gas Production, in accordance with the Oil and Gas Companies (tax incentives, exemption, remission, etc.) Order 2024.

In the official gazette, the federal government said the provisions of “This order, as they relate to Automotive Gas Oil (AGO) shall be deemed to have commenced on the 1st day of October 2023.”

Below is the full list of 62 items exempted from VAT by the FG:

1. CNG/LPG Dual Fuel Vehicles

2. Dedicated LPG Vehicles and CNG/LPG Dual Fuel Vehicles

3. Parts, and semi-knocked down units (for assembly) of CNG and LPG Buses

4. Parts, and semi-knocked down units (for assembly) of Electric Vehicle

5. Electric Vehicles

6. Electric Vehicles Battery

7. Electric Vehicle Charging System

8. Electric Vehicle Solar Charging System

9. LPG/CNG Conversion Kits

10. CNG Cylinders

11. CNG Cascades

12. CNG Dispensers

13. Gas Generators

14. CNG Trucks (Bobtails and Bridgers; fixed axle and semi-trailers

15. Steel Pipes

16. Steel Valves & Fittings

17. SS Tubes & Fittings

18. Storage Tanks (all sizes)
Regulators

19. CNG Pumps and Compressors (all types)

20. Steel

21. Pressure Relief Valves

22. Hydraulic press/Rolling machine

23. Heat Treatment Equipment

24. Liquid Level Guage

25. Pumping Housing and Motors

26. Regulator Body

27. Pressure Guage

28. Truck Chassis

29. Metering and Measuring Equipment (including weighbridges, filling scales)

30. Dispensing equipment (dispensing scales, nozzles, gas filling systems)

31. Safety Features (emergency shutoff valves, pressure relief valves, excess flow valves, breakaway couplings, quick release couplings)

32. Gas water heaters

33. Gas burners for industry

34. Gas boilers

35. Gas washing machines and dryers (launderettes) Household or laundry-type washing machines, including machines which both wash and dry

36. CNG, LPG and Cryogenic Hoses Tubes, pipes and hoses, and fittings thereof (for example, joints, elbows, flanges) of plastics

37. CNG truck heads

38. Gas Leak Detectors

39. Gas air conditioners

40. Cylinder refurbishment equipment

41. Blending skid/unit

42. Odourising unit

43. Chromatography unit (GC)

44. LNG Liquefying Equipment, Heat Exchangers, LNG Vapourisers, Regasification Plant, Liquefied CNG Compression Terminals

45. LNG Plant, Machinery, Pumps, Compressors, Filters (Including Gas Filters), Weighing Machines, Valves Equipment

46. Cryogenic Storage Tanks, Liquefied CNG Conversion tanks

47. Pipes, Piping Fittings, Flanges used for Liquefied Natural Gas processing

48. Electrical Equipment, including Cables for Liquefied Natural Gas processing

49. Stell Plates, Angles, Bars for Liquefied Natural Gas Processing

50. LNG Related Chemicals

51. Biogas Digester

52. Biogas Compressor

53. Desulphurisation units

54. Dryer

55. Distillation columns for processing biofuels

56. Bio-ethanol refinery equipment

57. Fermentation Tanks

58. Biofuel-related Chemicals, Enzymes and Reagents

59. Liquefied Petroleum Gas

60. Compressed Natural Gas

61. Feed Gas

62. Automotive gas oil