The Federal Government has inaugurated a committee charged with developing the Value Added Tax framework for the 2026 fiscal year, operating under the recently enacted tax laws.
The committee's mandate centres on crafting an implementation roadmap that aligns Nigeria's VAT regime with the provisions of the new tax legislation. Details on the composition of the committee, its specific terms of reference, and timelines for delivering its recommendations were not immediately available at the time of publication.
The development signals the government's intention to ensure a structured transition to the revised VAT system, with 2026 set as the target year for full operationalisation of the new framework.
Further updates are expected as the committee commences its work.
