Within two months, the import duty rate has changed twice with possibility of it changing again before month end. One need to multiply this rate by the assessable value to obtain total amount of duty and taxes. Neth provide a single repository point with full cloud access. Registrants bulk mailer online sales top up history user setup correspondence. Oct 28, 2015 copy of nigerian custom tarrif 2009 to 2018. Walk into any of our branches to pay your custom duties for goods imported into the country. Nigeria set to implement zero duty on aircraft importation.
Fgs 70% duty on imported cars will trigger hardship. For example, the app has four simple steps to follow so as to obtain duty information on general goods. Merchandise trade summary statistics data for nigeria nga including exports and imports, applied tariffs, top export and import by partner countries and top exportedimported product groups, along with development indicators from wdi such as gdp, gni per capita, trade balance and trade as. There are currently 24 duty free zones and 8 more under construction in nigeria according to nepza. Choose to deliver shipments with duties prepaid ddp or with duties unpaid ddu with a click of a button. Items like machineries and equipment used in sectors such as agriculture, cement, hospitality, power, iron and steel, solid minerals, textile and aviation, attracted an approval of a zero import duty.
If duties are prepaid, they will not be subject to additional or unexpected customs fees and will pass through customs quicker. Uniform duty rates for vehicle imports vanguard news. Sep 21, 2014 fgs 70% duty on imported cars will trigger hardship. Fob means free on board which is the actual cost of the imported items without putting the cost of the transportation or. Top trading partners for nigerias exports and imports in. International moving cost calculator shipping cost to nigeria. Duty rate is decided by the central bank of nigeria depending on the official exchange rate in the country. Vat calculator for nigeria the percentage calculator. Nigeria is the 49th largest export economy in the world and the 124th most complex economy according to the economic complexity index eci. Calculation calculator history fx rates errors retrievals. Calculate import and export duty, other taxes by following.
Us to establish west african trade hub in nigeria thecable. The environmental tax on plastics and the examination fee for used vehicles only are not calculated in this duty calculation tool. To give this article a sharper focus, we shall begin with definition of all terms associated with calculating customs duty in nigeria. Calculate import and export duty, other taxes by following some few easy steps using this tool. Goods imported from countries that have trade agreements with niger pay a minimum customs duty, while those from other countries are subject to a higher general tariff.
According recent bloomberg report, paul abechi, a spokesman for finance minister zainab ahmed, said that the move is expected to promote the business environment and. It consists of numerical codes that allow the systematic definition and classification of all goods in international trade, within the tariffs of signatory countries. Download custom duty calculation in excel format posted on january 18, 2018 by sara mathur leave a comment custom duty is another form of indirect tax levied on all the goods and services imported and some specific goods exported outside the country. Once your account is funded, you can then calculate your vehicle duty. Ghana imports duty tax calculator portside international.
The ghana trade hub mobile app is easy to operate and the processes have been broken down into specifics, depending on whether one wants trade information on general goods, used vehicles or whether one simply wants to track a consignment. Nigerian free zones offers a multitude of incentives for. This section contains the entire cet tariff sections, which can be consulted online or downloaded in printable format. Nigeria trade hub and customs modernisation 6 years ago. As you read through the nigeria customs tariff book or valuation for. Universal import duty and tax calculator chargeable weight calculator. Fedex global trade manager is a webbased system that provides our customers with a onestop resource for international shipping information. Nigeria customs service nigeria customs information portal. This page provides nigeria terms of trade actual values, historical data, forecast, chart, statistics, economic calendar and news. Excel or the letters xls indicate a document is in the microsoft excel spreadsheet format xls. It is simple and user friendly, but for further support on how it is used, you can make use of the live chat support services provided on the portal. Ghana customs ghana revenue authority customs division, p.
Automasters is your onestop solution for vehicle import duty, history and fuel consumption report. The import duty a tax charged on certain goods which are brought into. Industrial cargo fcl 2040 foot containers shipping cost to nigeria. Shipping cost to nigeria cargo international calculator. Salary calculator nigeria tax calculator nigeria icalculator. Data will cover all aspects of an export products life cycle from production, grading, certification, ownership, valuation, shipment.
Nigeria reduces import duties on 89 items premium times nigeria. Welcome to the website of the nigeria customs service. Ronaldo spotted laughing at lionel messi as he watches real madrid beat barca photos portugal international cristiano ronaldo on sunday night, march 1, returned to the santiago bernabeu for the first time since he left last two years as he watched the. Oec nigeria nga exports, imports, and trade partners. Nigeria trade hub a trade hub for trade information in nigeria. Get help finding the necessary documents for your international shipment. Add the agent fee or clearing charges which is usually negotiable. The nigeria single window trade portal is a crossgovernment website that opens a new era for trade facilitation by offering a single portal for trade actors, both nigerian and international, to access a full range of resources and standardized services from different nigerian government agencies. Do it immediately if you are planning to purchase a car from abroad or if you are not sure whether your car is cleared as it should be. Import duty is calculated by summing up surface duty % of cif, surcharge, administrative charge ciss, ecowas trade liberalization scheme etls, and 5% vat. Vat is levied on imports at a standard rate of 5% on the sum of the cif value, duty, and excise and other taxes if applicable. Duty rates in nigeria vary from 0% to 35%, with the average duty rate at 16. The federal republic of nigeria is commonly referred to more simply as nigeria, and this west african country is the 49th largest export economy in the world.
Customs duty are taxes and levies paid on goods imported into the country. Nigeria customs and import duty tax calculation method. The calculator is a very simple application that helps to calculate tax due in line with the nigerian income tax law. To download this calculator as an excel spreadsheet and calculate these extra fees, click here. Get free, customized ideas to outsmart competitors and take your search marketing results to the next level with alexas site overview tool. For so long a time ghanaians have been faced with the difficulty of knowing the exact import duties that they would have to pay for the vehicle they are importing to ghana, which.
Nigeria s trade surplus widened sharply to ngn 1079 billion in september 2019 from ngn 772 billion in the same month of the previous year. The 5 percent valueadded tax vat for nigeria is the standard, general, or most common tax in nigeria. Nigeria customs cuts duty on vehicles bought on or before 2015. Simply click on check duty on the upper section of the page. Since the exchange rate has continued to move up, it is expedient for the import duty rate. Items input items of choice and country input total item value 3 to query total importexport for nigeria in a particular year. The duty calculator has been provided to aid a trader to calculate the specific amount of duty, levy and taxes payable on an importation. Download custom duty calculation in excel format 2018. Import duty and taxes are due when importing goods into nigeria whether by a private individual or a commercial entity. To view the file, you will need the adobe reader available free from adobe. We sincerely hope that the global trading community, travellers and other stakeholders will find the information provided through this medium useful and timely. Simply enter the purchase cost of your goods, the cost of shipping and the insurance paid for importing your goods and well show you an approximation of the duties and taxes you will need to pay to import your goods into ghana. The nigeria income tax calculator provides calculation of salary associated taxes with the minimum of fuss the nigeria tax and salary calculator will produce a full tax calculation, simply enter your salary.
The harmonized system hs was created and is administered by the brusselsbased world customs organization wco. For so long a time ghanaians have been faced with the difficulty of knowing the exact import duties that they would have to pay for the vehicle they are importing to ghana, which sometimes result in financial difficulties. The concern of every importer of goods is to know how much the entire process would take from the export cargo clearance to the import cargo clearance. Lcl sea freight cargo calculator shipping cost to nigeria. In return, the government expects companies operating in the epzs to boost national exports, create jobs and help in diversifying the nigerian economy by bringing in new activities.
The notification on the zero duty and vat was contained in a letter dated june 20th, 2016 and signed by the nigeria customs service. Maritime operators, especially importers and exporters have often accused the nigeria customs service of paying more attention to revenue collection than trade facilitation. I am directed to inform you that by virtue of the federal government 20 fiscal policy measures, ref no. Duty calculator vin decoder my history prices a sample report. Our ghana imports duty tax calculator provides an easy way of understanding the various costs related to importing goods into ghana. 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. Fg takes out import duty on agricultural equipment. Foreign trade figures of nigeria economic and political. Have you already checked out the most recent nigerian custom duty rates on imported cars. Lingering barriers to trade and investment persist in the country, mainly due to long bureaucratic delays. There are also a valueadded tax vat of 19% and a statistical tax of 4. Hameed ali, has adjusted payment of duty on old vehicles, placing 60 per cent rebate across board on vehicles bought on or. Export processing zones epzs also known as free zones fzs are areas in which businesses are exempt from the normal regime applicable in nigeria, particularly with regard to customs duty and tax. You can work out your annual salary and take home pay using the nigeria salary calculator or look at typical earning by entering a figure in the quick calculator or viewing one of the salary examples further down this page.
The ghanas trading hub portal is the hub that provides information and tools relating to the trade supply chain export, transit and import in ghana. The nigeria income tax calculator nitc shows in one click a summary of incomes, allowances, deductions and net income both monthly and annual. The duty rates for importation in nigeria ranges from 0% to 35%, with an average duty rate set at 16. Nigeria terms of trade 20002019 data 20202022 forecast. The recent foreign trade data released by the national bureau of statistics nbs provides the breakdown of the biggest sources of nigeria s total imports and destinations of export in the first quarter of 2019 according to the nbs, ten countries around the world accounted for 69% of the total goods that nigeria exported in the first quarter. Shipping cars trucks machinery shipping cost to nigeria. It also has an automated mathematical spreadsheet computed from user trades and refreshed hourly. According to the wto, as of mid2018 nigeria had one nontariff measure in force. It was the widest trade surplus since august 2014, as exports climbed 26. The ghanas trading hub portal is the hub that provides information and tools relating to the trade supply. The federal government has removed import duties on all forms of agricultural equipment as part of measures to diversify the countrys economy.
Fob free on board this is the total cost of shipping your goods to ghana. Certain products or services in nigeria may have a higher or lower tax. Calculation of import duty in nigeria entails payment of import duty based on applicable h. Dynamics of technology have changed the conduct and scope of international trade. Representatives of the us government have revealed plans to establish the west african trade hub in lagos and abuja, nigeria, in a bid to support the bil.
Only recently, the customs service formally launched its brainchild, the nigeria trade hub nth and the nigeria import, export and transit process manual. Items input total trade and country input country of choice 2 to query total importexport of items in a particular year. The federal government levies customs duties on most imports, but these duties were substantially reduced in 1986 and in 1995. Nigeria single window portal for foreign trade the nigeria single window trade portal is a crossgovernment website that opens a new era for trade facilitation by offering a single portal for trade actors, both nigerian and international, to access a full range of resources and standardized services from different nigerian government agencies. Nigeria trade portal is a resource provided by government to traders in order to obtain from one single source i. The nigeria customs service ncs has introduced a uniform import duty rate on imported vehicles based on exfactory price in all its commands, a development that eliminates the. This page provides nigeria exports actual values, historical data, forecast, chart, statistics, economic calendar and news. Exchange rate, import duty rate and nigerian economy. There are some products such as books that can however, be imported for free. The ghanas trading hub portal is the hub that provides information and tools relating to the trade supply chain. Merchandise trade statistics data for nigeria nga including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and mfn tariff along with most exported and imported product groups, along with development indicators such as gdp, gni per capita, trade balance and trade as percentage of gdp for most recent year. Customs and duties niger tax, import, tariff, system. Check your vehicle duty automasters vehicle duty calculation is a doityourself service.
Calculation of import duty concessionary logistics limited. Merchandise trade summary statistics data for nigeria nga including exports and imports, applied tariffs, top export and import by partner countries and top exportedimported product groups, along with development indicators from wdi such as gdp, gni per capita, trade balance and trade as percentage of gdp for year 2012. This is in a bid to support the bilateral trade between nigeria and the united states. Nigeria single window trade advanced tariff search. Representatives of the us government say plans are underway to establish the west african trade hub wath in lagos and abuja, nigeria. You can change the default tax rate vat percentage in our calculator above if necessary. The import duty varies from 5% to 60%, averaging 12%. Pdf or denotes a file in adobes portable document format. The duties are paid through our bank to the nigeria customs service who receives it on behalf of the federal government. The value added tax vat set on imports has a standard rate of 5% and this covers the sum of cif value, duty, work out percentages, excise and other taxes as it. Nigeria trade hub and customs modernisation revenue collection. Example salary illustrations for nigeria including income tax and expense deductions.
680 712 49 1356 1309 1224 704 1371 1487 361 1125 903 832 666 1472 478 227 181 1190 1218 857 1257 220 118 111 1285 403 1655 319 1325 1507 1439 194 1501 19 1086 727 636 174 1392 997 1216 651 1316