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Nigeria VAT Changes in 2026 Explained: New Rates, Exemptions and Penalties

Nigeria VAT Changes in 2026 Explained: New Rates, Exemptions and Penalties Quick, Clear Answer (Read This First) In 2026, Nigeria’s Value Added Tax (VAT) system still operates at a 7.5% rate, but the rules around exemptions, compliance, filing, and penalties are now clearer and more strictly enforced. Businesses are expected to register with FIRS, charge VAT correctly, file monthly returns (including nil returns), and remit VAT on time. Failure to comply now attracts real penalties, interest, and possible audits. In simple terms: VAT itself is not new, but the seriousness of enforcement in 2026 is. Businesses can no longer afford to guess, ignore, or delay VAT obligations. This…