- Nigeria introduces a USD300 duty-free threshold for low-value imports starting 8 September 2025.
- The exemption applies to e-commerce consignments and passenger baggage.
- Individuals can use the exemption for up to four importations per year.
- Penalties for abuse include forfeiture of goods and arrests.
Source: ensafrica.com
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.
Latest Posts in "Nigeria"
- Nigeria Suspends 4% FOB Levy on Imports Amidst Economic Concerns and Tax Reforms
- Federal Government Insists on New Tax Reform Despite IATA’s Criticism Over International Treaty Violations
- Stakeholders Criticize New Tax Reforms as Nigerian Government Insists Airlines Must Pay VAT
- Nigeria to Enforce VAT on Non-Resident Digital Services from 2026
- Nigeria Extends E-Invoicing Compliance Deadline for Large Taxpayers to November 2025
