According to the Voice of Nigeria, in order to reduce transportation costs, the Federation of Nigeria has passed a resolution to reduce the import tax ratio of imported cars from 35 to 5. The previous policy required vehicles imported into Nigeria to pay import taxes and duties of up to 35%, up to 70% in total.
This reform measure has been included in the draft Finance Bill 2020 and is expected to be submitted to the National Assembly for consideration by ** in the coming days. In addition to the adjustment of the import tax on automobiles, the draft also proposes to significantly reduce the import tax on tractors used to transport goods from 35% to 10%. In addition, in order to incentivize private enterprises to donate to COVID-19 relief**, the draft proposes provisions for tax deductions.
Finance Minister Zainab Ahmed stressed that the reduction of import duties on automobiles is aimed at reducing transportation costs. It is worth mentioning that in January 2019, the then Director General of Customs, Hamid Ali, suggested that the federal** tax on imported vehicles be reduced to 10%. Speaking at the International Customs Day 2019 press conference in Abuja, he noted: "Due to the presence of 35 import duties and 35 customs duties, imported vehicles are subject to customs duties of up to 70 in Nigeria. This policy has forced most importers to move to nearby ports and increased the risk of smuggling vehicles between the two countries. ”
1.Power of attorney (full list of document quantity, net weight, gross weight, consignee information, consignor information and detailed name of the product).
2.English version of the MSDS (contains all 16 items).
3.UN3171 Virtual Dangerous Goods Packaging Certificate (with full record number).
4.Transportation Safety Assessment Report.
5. un38.3. Test certificate.
6.Shipping Company Dangerous Goods Shipment Application** (DG Form).
Booking needs to be made 10-15 working days in advance, and after the space is approved by the shipping company, the cut-off time and data cut-off time will be confirmed, and the loading date will be determined. On the loading day, we can provide container pick-up service to the factory for loading, and the factory will be responsible for arranging vehicles for loading and unloading. For goods from other provinces, we provide logistics services to send the goods to our warehouse terminal, the factory is also responsible for logistics loading and unloading, once the goods arrive at our warehouse terminal, we will be responsible for picking up the container and loading the goods.
1.Ensure that the HS codes of new energy electric vehicles are accurate, according to the current policy, some codes require an export license, while others do not. Please note that the regulatory conditions vary from code to code.
2.In the export process, it is necessary to declare truthfully to avoid concealment or misreporting. Prepare the relevant information of new energy vehicles in advance to ensure that they are complete and correct.
3.Customs inspection may be encountered when exporting, and the operation should be carried out in accordance with the guidance of the customs.
4.Before exporting, please be sure to understand and comply with the policies and regulations of the target country. Policies vary from country to country, so please do your research and prepare in advance.