The federal government will receive more than 124 billion in goods tax clearance The tax on imports into the country, which is set at a rat...
The federal government will receive more than 124 billion in goods tax clearance
The tax on imports into the country, which is set at a rate of between 0% and 5% by the financial management law for 2023, will give the federal government about 124 billion nairas and 26 million nairas in one year.
The Finance Act of 2023, which was passed by former President Muhammadu Buhari on May 28, 2023, says that goods coming into Nigeria from other countries will have either no duty or a 5 percent duty.
According to the rule, goods from other countries that are brought into Nigeria will be taxed between 0% and 5%.
