Nigeria Customs and Import

Nigeria – Customs and Import duty tax calculation method

Customs Duties or Import duty A tax charged on certain goods which are brought into a coun… More and taxes will be pending and need to be cleared while importing goods into Nigeria Either by a private individual or a commercial entity.

The valuation method is CIF.

  • The import dutyA tax charged on certain goods which are brought into a coun… More and taxes payable are calculated on the complete shipping value, which includes the cost of the imported goods, the cost of freight and the cost of insurance.
  • Along with Import dutyA tax charged on certain goods which are 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… More, and other taxes 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 RatesAverage Duty RateSales 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 incom… MoreProductsRates
Excise dutyOnly some products5% to 30%
Sugar levyRelated products10% to 20%
Rice levyRelated products20%
Cigarettes levyRelated products50% to 100%
Automotive levyRelated products10% to 20%

Please find the lists and detailed information about other taxes here.

Below is the Excise Duty in Nigeria :

HS-CodeProductThe result of a manufacturing or natural process (such as fo… More DescriptionDuty
3303.0000.00, 3304.3000.00 and 3307Perfumes and Other toilet Water, Cosmetics5%
2202.1000.00 – 2202.9000.91 – 2202.9000.99; 2009.1100.12 to 2009.9000.99Non Alcoholic Beverages, Fruit Juice5%
3401 or 3402Soap and Detergent5%
2203.0010.00 and 2203.0090.00Beer and Stout20%
2204.1000.00 – 2205.9000Wines20%
1902.1100 – 1902.3000Spaghetti/Noodles5%
2206.0000.00 – 2209.0000.00Spirits and other alcoholic beverages20%
2402.1000 – 2402.9000 2403.1000 – 2403.9900.00Cigarettes and tobacco20%
4911.9990.91Telephone recharge cards/vouchers5%
4808.1000, 4819.1000 – 4819.2000Corrugated paper or paper board and cartons, boxes and cases made from corrugated paper and paper board.5%
4818.1000 – 4818.9000Toilet papers, cleansing or facial tissue.5%

NOTE:

All extra charges are applied on the sum of the CIF value and duty. *

 

Source : (https://customsdutyfree.com/nigeria-customs-and-import-duty-tax-calculation-method/ )

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