Tax Updates: VAT Compliance Under the Nigeria Tax Act – Implications for Oil and Gas Companies

February 24, 2026

The Nigeria Tax Act (NTA) has introduced significant changes to VAT administration in Nigeria, including the repeal of the former Value Added Tax (VAT) Act, new withholding VAT requirements, updated input VAT recovery rules, and revised VAT refund timelines.

In this tax update, we break down the VAT compliance implications for Oil & Gas companies, highlight potential risks, and provide practical guidance to help businesses adapt to the new regulatory framework and maintain full compliance.