Tax relief: 22 goods and services exempted from VAT and Stamp Duties in 2026 (Full List)
Wale Edun, Minister of Finance, Coordinating Economy
The federal government has announced that the new tax regime will officially take effect in January 2026.
This follows President Bola Ahmed Tinubu’s signing of four major tax reform bills into law on June 26, 2025.
The four laws include the Nigeria Tax Act (NTA), Nigeria Tax Administration Act (NTAA), Nigeria Revenue Service (Establishment) Act (NRSEA), and the Joint Revenue Board (Establishment) Act (JRBEA).
Wale Edun, Minister of Finance and Coordinating Minister of the Economy, said the new tax laws are designed to support business growth and enhance the purchasing power of Nigerians.
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, also confirmed in a post on X that the new laws feature 50 tax exemptions and reliefs aimed at helping low-income earners, average taxpayers, and small businesses.
“From 1 January 2026, the new tax laws will provide many reliefs and exemptions for low-income earners, average taxpayers, and small businesses,” Oyedele noted.
Below is a breakdown of the goods, services, and individuals that will either be exempt from VAT or enjoy a 0% VAT rate, as well as those exempt from stamp duties.
Value Added Tax (VAT) – (0% Or Exempt)
1 Basic food items – zero percent VAT
2. Rent – exempt
3. Education services and materials – zero percent VAT
4. Health and medical services
5. Pharmaceutical products – zero percent VAT
6. Small companies (less than N100m turnover) – exempt from charging VAT
7. Diesel, petrol, and solar power equipment – VAT suspended or exempted
8. Refund of VAT on assets and overheads used to produce VATable or zero percent VAT goods and services.
9. Agricultural inputs – fertilisers, seeds, seedlings, feeds, and live animals
10. Purchase, lease or hire of agricultural equipment
11. Disability aids – hearing aids, wheelchairs, braille materials
12. Transport – shared passenger road transport (non-charter)
13. Electric vehicles and parts – exempt
14. Humanitarian supplies – exempt
15. Baby products
16. Sanitary towels, pads or tampons
17. Land and building
Stamp Duties (exempt)
18. Electronic money transfers below N10,000
19. Salary payments
20. Intra-bank transfers
21. Transfers of government securities or shares
22. Documents for transfer of stocks and shares
Meanwhile, the government has asked Nigerians to nominate content creators who have been educating their audiences about the country’s new tax reform laws or those they believe should take up the role.
Oyedele in the X post said the top 20 creators with the highest number of nominations will be selected for a special training designed to help them share accurate, balanced, and useful tax information with their followers.
“Misinformation spreads fast, often to the author’s benefit but to the audience’s loss. Accurate information may travel slower, but it empowers everyone, and earns lasting trust,” he said.
The fiscal policy chairman said nominations can be made by tagging or mentioning preferred influencers or by filling out the nomination form at forms.gle/15kyv1ffx7tzTL, adding that the process closes on November 9, 2025
