What is the consumption tax in Nigeria?

Consumption tax in Nigeria is VAT which is at 5% of goods and service consumed except for those goods and services specifically exempted from the tax. VAT is administered by the Federal Government. However some state governments in Nigeria also administers a form of consumption tax on specific goods and services. read more

VAT vs. Lagos State Consumption Tax Law To prevent multiple taxation and the anarchy associated with it, the old Sales Tax Act was abrogated and in its place, Value Added Tax (VAT) was introduced for application to the entire federation (and states) of Nigeria. read more

The consumption tax law is anexisting law which needs to be explored , especially for a commercial state like Lagos which has an average of 3,000 hotels, one can safely assume that such a number is a marginal field, unfortunately this has not been thoroughly explored by the government. read more