Nigeria Clarifies VAT Exemption for Food Items
Nigeria issued a clarification related to its recently announced value-added tax exemption for food items, according to a May 22 KPMG post. For VAT purposes, Nigeria's definition of “basic food items” does not include items sold at restaurants, hotels, “eateries,…
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lounges and other similar premises,” KPMG said. In addition, basic food items sold by “contractors, caterers and other similar vendors” do not qualify for the exemption.