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Nigeria Suspends 4% FOB Levy on Imports Amidst Economic Concerns and Tax Reforms

  • Nigeria suspends 4 percent levy on imported goods due to concerns over inflation and trade competitiveness.
  • The suspension allows time to review the levy framework for balanced revenue.
  • New tax reform laws have been published in the Official Gazette.

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.



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