Federal Gov’t Mulls Zero VAT For Pharmaceutical Products, Medical Equipment …C0NTINUE READING HERE >>>
The Federal Ministry of Health and Social Welfare said it has finalised the Executive Order Harmonised Implementation Framework, which has now been cleared for gazetting, to ensure that the Federal Inland Revenue Service (FIRS) and the Nigeria Customs Service (NCS) can proceed with the implementation of zero Value Added Tax (VAT) and excise duties on pharmaceutical products and medical devices.
The ministry’s head of information and public relations, Alaba Balogun, disclosed this in a statement on Wednesday in Abuja.
He described the development as a significant milestone, as it opens…
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