FULL LIST: FG Announces Exemption of 63 Items from VAT

The Federal Government has officially announced the exemption of 63 items from Value-Added Tax (VAT).

This development forms part of the broader fiscal policy and tax reforms aimed at bolstering various sectors, including clean energy, transportation, and oil and gas.

The announcement was made by Taiwo Oyedele, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, through a post on X (formerly Twitter).

According to Oyedele, the new fiscal measures include the formal extension of VAT suspension on diesel and the addition of VAT exemptions on items critical to advancing clean energy and sustainable transportation.

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 Buse.
4. Parts, and semi-knocked down units (for assembly) of Electric Vehicle
5. Electric Vehicles
6. Electric Vehicles Battery
7. Electric Vehicles 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)
19. Regulators
20. CNG Pumps and Compressors (all types)
21. Steel
22. Pressure Relief Valves
23. Hydraulic press/Rolling machine
24. Heat Treatment Equipment
25. Liquid Level Guage
26. Pumping Housing and Motors
27. Regulator Body
28. Pressure Gauge
29. Truck Chassis
30. Metering and Measuring Equipment (including weighbridges, filling scales)
    31.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 Cyrogenic 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. Odourizing unit
43. Chromatography unit (GC)
44. LNG Liquefying Equipment, Heat Exchangers,LNG Vapourizers, Regassification Plant, Liquefied CNG Compression Terminals
45. LNG Plant, Machinery, Pumps, Compressors, Filters (Including Gas Filters), Weighing Machines, Valves Equipment
46. Cyrogenic 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. De-sulphurization 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