When importing a car into Nigeria, there are several charges and taxes you need to be aware of. The Nigeria Customs Service (NCS) oversees all customs duties, and there are additional levies on top of the import duty that must be paid.
1. Other Levies to Be Paid
In addition to the standard import duty, you will be required to pay the following levies:
- 7.5% VAT (Value Added Tax): This is applied to the value of the car, as well as any other associated costs such as shipping and insurance.
- 7.0% SUR (Surcharge): This fee is a standard surcharge applied to imported vehicles.
- 0.5% ETL (ECOWAS Trade Liberalization Scheme): This is a small levy designed to support the economic integration of ECOWAS countries.
These additional levies are calculated based on the total value of the car and add up significantly to the total cost of importing a vehicle.
2. Import Duty
The import duty for cars in Nigeria is fixed at 20% of the vehicle’s value. Alongside this, there is an additional 15% levy on both new and used vehicles. However, the total custom duty may fluctuate depending on specific regulations and changes implemented by the NCS.
Since these duties and levies can change based on policy updates, it’s crucial to stay informed and check the latest regulations to avoid unexpected costs when importing vehicles.
In summary, to import a car into Nigeria, you will pay:
- 20% import duty
- 15% levy on vehicles (new or used)
- 7.5% VAT
- 7.0% Surcharge
- 0.5% ECOWAS Tax Liberalization levy (ETL)
These charges combined can make importing cars expensive, so it’s essential to consider all the fees before purchasing a vehicle from abroad. For more details, you can always check the Nigerian custom website here.
Use this Nigeria car custom Duty calculator to calculate the amount you need to pay for your taxes.