Nigeria Customs Eliminates VAT on LPG and CNG, Introduces Zero Import Duty

• Nigeria Customs Service removes VAT on LPG and CNG
• Zero percent import duty announced for LPG and CNG
• National Public Relations Officer Abdullahi Maiwada released the information
• Removal of VAT and import duty is part of the Presidential Gas for Growth Initiative
• Equipment for gas utilization also benefits from zero percent import duty
• Zero-rated VAT items include feed gas, CNG, LPG, and related equipment and services
• Importers must secure an Import Duty Exemption Certificate and a letter of support to benefit
• Specific LPG import codes are exempt from Import Duty and VAT
• Debit Notes for LPG imports since August 26, 2019, will be withdrawn
• Measures aim to reduce living costs, enhance energy security, and promote cleaner energy
• Customs urges compliance and is committed to implementing these incentives effectively

Source: thenationonlineng.net

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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