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VAT removed on land, buildings, rent — Oyedele

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VAT removed on land, buildings, rent — Oyedele

16 Feb, 2026

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said that land, buildings and rent are now fully exempted from Value Added Tax (VAT) under the Nigeria Tax Act 2025. Oyedele explained that the new law, which has already commenced, was designed to reduce the cost of housing, encourage investment in real estate and provide relief for tenants and small businesses across the country.............................….......READ MORE