Under Nigerian law, the tax is charged at currently 7.5% of the value of the taxable goods and services. VAT = 7.5% x (CIF + ID + Surcharge + CISS + ETLS). Where; Surface Duty (ID): This is often commonly referred to as import duty.
How much is custom duties in Nigeria?
Under Nigerian law, tax is charged at 7.5 per cent of the value of the taxable goods and services, known as Value Added Tax (VAT). At the moment, import duty varies from 5 per cent to 60 per cent, averaging 12 per cent but all imports are also subject to a 7 per cent port surcharge and a 5 per cent VAT.
How is customs duty calculated in Nigeria?
Currently, there is no web portal for checking custom duty online. The Nigerian customs has released helpdesk contacts for Nigerians to check their custom duty. To check your custom duty, the following are the help desk contacts provided by the Nigerian customs service to call: 094621598, 094621597, and 094621599.
What are the duties of Nigeria Customs?
The functions of the Nigeria Customs Service include, but not limited to the following:
- Collection of Revenue (Import /Excise Duties & other Taxes /Levies) and accounting for same.
- Anti-Smuggling activities.
- Security functions.
- Generating statistics for planning and Budgetary purposes.
How custom duty is calculated?
Basic Customs Duty (BCD): This is the tax that is calculated on the Assessment Value of the goods that have landed at the customs border of India. It can vary between 0% to 100%. BCD depends upon the HSN code of the product and the Country of Import.
How many percent is custom duty?
Basic Duty is a type of duty or tax imposed under the Customs Act (1962). Basic Customs Duty varies for different items from 5% to 40%. The duty rates are mentioned in the First Schedule of the Customs Tariff Act, 1975 and have been amended from time to time under the Finance Act.
How much is customs duty?
Under Nigerian law, the tax is charged at currently 7.5% of the value of the taxable goods and services. VAT = 7.5% x (CIF + ID + Surcharge + CISS + ETLS).
How can I pay custom duty?
One can pay customs duty online with a few simple steps:
- Login into the e-payment portal of ICEGATE.
- Enter the import or export code or simply key in the login credentials provided by ICEGATE.
- Now, click on the e-payment button.
- You would be able to check all e-challans which under your name.
How do I pay custom charges?
How can I pay a customs charge? You can pay customs charges onlineOpens in new window, by phone on 03448 004466, or at one of our depots. You will need your 17 digit reference number, which can be found on the top left of the letter, which we will have sent you when your parcel was received into our International hub.
What are the roles of customs?
The principal roles of the Customs Service include:
- exercising customs control on the commercial international exchange.
- assessing and collecting customs duties and taxes in the part calculated at the State’s border (VAT, excise)
- fighting against smuggling activity and counteracting customs fraud.
How much does custom officer earn in Nigeria?
Customs Salary Scale
On average, a customs officer earns N75,000 as a monthly salary and about N900,000 per annum. Usually, pay depends on the level in service and education.
What are the duties of customs?
Customs duty refers to the tax imposed on goods when they are transported across international borders. In simple terms, it is the tax that is levied on import and export of goods. The government uses this duty to raise its revenues, safeguard domestic industries, and regulate movement of goods.
How many types of custom duty are there?
Import duties are further divided into basic duty, additional customs duty, true countervailing duty, protective duty, education cess and anti-dumping duty or safeguard duty. Basic Custom Duty: Basic custom duty is applicable on imported items that fall under the ambit of Section 12 of the Customs Act, 1962.
Who pays the import duty?
In practice, import duty is levied when imported goods first enter the country. For example, in the United States, when a shipment of goods reaches the border, the owner, purchaser or a Customs broker (the importer of record) must file entry documents at the port of entry and pay the estimated duties to Customs.
Do I need to pay customs duty?
Custom duties are a fee placed on gifts or goods sent to the UK from outside the EU. This only becomes payable if your order is over £135. The courier will pay this to HMRC on your behalf but you will likely have to pay this back when receiving your purchase.