Tag: Excise Duty

Nigeria Customs Service Tariff / Duty Calculation

Whenever, you have goods that you want to import into Nigeria, you are expected to pay import duty and taxes. The amount payable is based on the CIF (Cost, Insurance, and Freight) valuation method. This method incorporates the cost of the imported goods, the cost of freight as well as the cost of insurance which […]

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Tax Policy in Nigeria: All You Need to Know

The National Tax Policy is a document that provides all the necessary information relating to taxation. The Tax policy enumerates the monetary charges imposed by Government on individuals, companies, transactions or properties for the purpose of revenue generation. Taxes could be imposed directly or indirectly on the following bases: Tax on Individuals Personal Income Tax […]

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