The Federal Government has inaugurated a committee charged with developing the Value Added Tax framework for the 2026 fiscal year, operating under the provisions of the recently enacted tax laws.
The committee's mandate is to design a VAT administration structure that aligns with the new tax legislation, ensuring a seamless transition into the updated fiscal regime when it takes effect in 2026.
Further details regarding the composition of the committee, its specific terms of reference, and the timeline for delivering the framework were not immediately available at the time of publication.
