Nigeria Car Custom Duty Calculator
Results:
Import Duty: NGN 0
Levy: NGN 0
VAT: NGN 0
SUR: NGN 0
ETL: NGN 0
Total Taxes: NGN 0
Disclaimer:
The Nigeria Car Custom Duty Calculator is provided as a tool for general informational purposes only. While every effort has been made to ensure the accuracy of the calculations, the results generated by this calculator are estimates and should not be considered as official figures. Actual customs duty, taxes, and levies may vary depending on the specific regulations, exemptions, and applicable rates at the time of import.
We recommend verifying the applicable rates and seeking advice from an official customs authority or a qualified professional before making any financial decisions based on this calculator. The use of this tool is at your own discretion and risk.
For more details about the rates, you can check the Nigerian custom website here.
What is the new tariff on imported cars in Nigeria?
The new tariff on imported cars in Nigeria includes a twenty percent import duty and a fifteen percent levy on both new and used vehicles. In addition to these, there are other charges like VAT, surcharge, and ECOWAS tax. The Nigerian government occasionally reviews these tariffs, so it's important to stay updated on any changes.
How to calculate custom duty on cars in Nigeria?
To calculate the custom duty on cars in Nigeria, you need to know the car's value, which includes the cost of the vehicle, insurance, and freight. Once you have the total value, apply the import duty rate and add the levy, VAT, surcharge, and other applicable charges. The sum of these percentages on the vehicle's value gives you the total custom duty to be paid.
What is CIF import cost?
CIF (Cost, Insurance, and Freight) refers to the total value of goods being imported, including the cost of the vehicle, the insurance paid on the vehicle during transportation, and the freight cost to ship the vehicle to the destination port. This is the value upon which custom duties and other charges are calculated.
How to calculate CIF value for import?
To calculate the CIF value for import, add the cost of the vehicle, the insurance cost paid during shipping, and the freight cost to transport the vehicle to the port of destination. The sum of these three components gives you the CIF value, which is used as the basis for calculating import duties and taxes.
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Reference
- Vehicle regulations in Africa: Impact on used vehicle import and new vehicle sales. Retrieved from here
- Kadiri, Abdullateef & Shuaibu, Mohammed & Muhammad, Umar. (2024). IMPACT OF IMPORTATION OF AUTOMOBILE ON NIGERIA ECONOMY. Retrieved from here
- Nigeria custom duty on imported cars 2021. Retrieved from here