Nigeria Customs and Import - Duty tax calculation method
Customs Duties or Import duty A tax charged on certain goods brought into a coun... More taxes will be pending and need to be cleared while importing goods into Nigeria, either private or commercial.
The valuation method is CIF.
- The import duty tax is charged on certain goods brought into a coun... More taxes payable are calculated on the total shipping value, which includes the cost of the imported goods, the cost of freight and the cost of insurance.
- Along with Import duty tax charged on certain goods brought into a coun... More, import goods are also subjected to sales tax, Known as VAT (Value Added Tax) in the UK. A tax based on the... Other taxes are specific to certain commodities such as excise, sugar levy, rice levy, cigarettes levy, and automotive levy.
Below is the Duty and Sales tax Known as VAT (Value Added Tax) in the UK. A tax based on the... More for Nigeria:
| Duty Rates | Average Duty Rate | Sales Tax(GST) | Threshold on goods |
|---|---|---|---|
| 0% to 35% | 16.96% | ST=5% VAT = ST * (CIF + Duty+ other taxes) |
No minimum threshold(All the goods are duty and taxes payable irrespective of import value) |
Extra taxes and customs fees while importing:
| Type of TaxA fee imposed by a government on personal or corporate income... More | Products | Rates |
|---|---|---|
| Excise duty | Only some products | 5% to 30% |
| Sugar levy | Related products | 10% to 20% |
| Rice levy | Related products | 20% |
| Cigarettes levy | Related products | 50% to 100% |
| Automotive levy | Related products | 10% to 20% |
Please find the lists and detailed information about other taxes here.
Below is the Excise Duty in Nigeria:
| HS-Code | ProductThe result of a manufacturing or natural process (such as fo... More Description | Duty |
|---|---|---|
| 3303.0000.00, 3304.3000.00 and 3307 | Perfumes and Other toilet Water, Cosmetics | 5% |
| 2202.1000.00 – 2202.9000.91 – 2202.9000.99; 2009.1100.12 to 2009.9000.99 | Non Alcoholic Beverages, Fruit Juice | 5% |
| 3401 or 3402 | Soap and Detergent | 5% |
| 2203.0010.00 and 2203.0090.00 | Beer and Stout | 20% |
| 2204.1000.00 – 2205.9000 | Wines | 20% |
| 1902.1100 – 1902.3000 | Spaghetti/Noodles | 5% |
| 2206.0000.00 – 2209.0000.00 | Spirits and other alcoholic beverages | 20% |
| 2402.1000 – 2402.9000 2403.1000 – 2403.9900.00 | Cigarettes and tobacco | 20% |
| 4911.9990.91 | Telephone recharge cards/vouchers | 5% |
| 4808.1000, 4819.1000 – 4819.2000 | Corrugated paper or paper board and cartons, boxes and cases made from corrugated paper and paper board. | 5% |
| 4818.1000 – 4818.9000 | Toilet papers, cleansing or facial tissue. | 5% |
NOTE:
All extra charges are applied to the CIF value and duty sum.*
Source: Customs Duty Free
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