Pharmaceuticals now exempted from import duty, VAT – Customs

Pharmaceuticals now exempted from import duty, VAT – Customs

The Nigeria Customs Service has announced a two-year exemption from import duty and Value Added Tax for critical raw materials essential for the production of pharmaceuticals.

Adeyanju Hails Tinubu, Customs CG for Tax Duties’ Exemption on Healthcare Products

By Gabriel Ameh, The Sight News Adeyanju Deji, a prominent human rights lawyer and partner at Deji Adeyanju & Partners, has commended President Bola Tinubu and the Nigeria Customs Service (NCS) for their recent announcement regarding a two-year exemption of import duties and Value Added Tax (VAT) on essential raw materials for healthcare product manufacturing.  This significant decision, enacted through an executive order, aims to alleviate the …

Emzor, Fidson, 85 Others to Pay Zero Import Duties, as Customs implements Executive Order on Pharmaceuticals

The Nigeria Customs Service (NCS) has announced the commencement of implementation of the Presidential Executive Order on pharmaceuticals and other healthcare products to exempt pharmaceutical raw materials from import duty and Value Added Tax (VAT) for a period of two years. The presidential directives aims at enhancing local manufacturing of healthcare products, reducing the […] The post Emzor, Fidson, 85 Others to Pay Zero Import Duties, as C…

Customs Exempts Healthcare Products  Raw Materials From Duties, VAT - Thepodiummedia

The Nigeria Customs Service (NCS) yesterday announced the exemption of raw materials for the production of healthcare products in the country from both duties and Value Added Tax (VAT). Customs Spokesman, Abdullahi Maiwada (AC), in a statement,  said  that the move was in line with President Bola Tinubu’s Executive Order, aimed at driving down prices of such projects.  He said: “The Nigeria Customs Service (NCS) is pleased to announce that His E…

Customs Implement Zero-Tariff On Imported Pharmaceutical Inputs - Lagos Television

The Nigeria Customs Service (NCS) has begun implementing a two-year exemption on import duty and Value Added Tax (VAT) for key pharmaceutical raw materials. The new policy was revealed in a statement released on Wednesday by Abdullahi Maiwada, the National Public Relations Officer of the Nigeria Customs Service (NCS). Maiwada, an Assistant Comptroller of Customs, explained that the policy was…

EXPLAINER: What to Know About Customs' Tax Exemptions on Pharma Materials, By Tahir Ahmad - Economic Confidential

The Nigeria Customs Service (NCS) has begun implementing a new policy that exempts critical pharmaceutical