The Federal Government has inaugurated an inter-ministerial committee to develop the 2026 Value Added Tax (VAT) Modification Order as part of efforts to implement Nigeria’s new tax laws.

The committee, chaired by the Permanent Secretary of the Ministry of Finance, Raymond Omachi, was inaugurated in Abuja by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele.

In a statement issued by the ministry’s Head of Information and Public Relations, Efe Ovuakporie, the government said the committee would align the new VAT Modification Order with the Nigeria Tax Act, 2025, which replaced the previous VAT legislation.

Oyedele said the exercise would provide greater clarity for businesses, investors and tax administrators, describing it as a critical step towards the successful implementation of the Tax Reform Acts, which came into effect on January 1, 2026.

He stressed that the committee’s task extends beyond revising the existing framework.

“This is not about reproducing an old document. It is about developing a VAT Modification Order that is clear, practical and responsive to the needs of a changing economy,” he said.

The minister directed the committee to review the administration of VAT, engage with relevant stakeholders and recommend updated lists of VAT-exempt and zero-rated goods and services.

The committee is expected to submit its report within six weeks, including a draft VAT Modification Order and any proposed legislative amendments considered necessary.

Calling for a practical and efficient framework, Oyedele urged members to complete the assignment with urgency.

“Nigerians cannot wait. Businesses need certainty. Investors need confidence. Government needs a VAT system that is easy to administer and supports growth. I urge you to approach this assignment with diligence, objectivity and a sense of urgency,” he said.