The Nigerian government reportedly confirmed on 19 June 2023 that the Federal Inland Revenue Service (FIRS) has instructed the Nigerian Customs Service (NCS) to begin charging VAT at the rate of 7.5% on automobile gas oil, otherwise known as diesel, imported into the country. Although petroleum products were exempted as per the Value Added Tax (Modification) Order 2021, which amended the First Schedule (Exempt Goods and Services) of the VAT Act, the HS code for automobile gas oil or diesel is not included in the specified HS codes for exempt petroleum products and, therefore, VAT may be charged at the...