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LequteMan
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Nigeria- The federal government has once more shifted implementation of the 35% import levy on tokunbo cars in the country. The levy will now become effect starting from the 30th of June 2015, Punch reports:
The implementation of the 35 per cent import levy on used cars will now begin on June 30, 2015 as the Federal Government has once again shifted the commencement date by two months.
In a move to encourage local assembling of vehicles, the government had in September 2013 raised the import tariff on fully-built cars and used vehicles from 22 per cent to 70 per cent made up of 35 per cent duty and 35 per cent levy.
It also announced a zero per cent tariff on Completely Knocked Down units (vehicles) and five per cent to 10 per cent on Semi Knocked Down units.
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#Nigeria #tokunbo
The implementation of the 35 per cent import levy on used cars will now begin on June 30, 2015 as the Federal Government has once again shifted the commencement date by two months.
In a move to encourage local assembling of vehicles, the government had in September 2013 raised the import tariff on fully-built cars and used vehicles from 22 per cent to 70 per cent made up of 35 per cent duty and 35 per cent levy.
It also announced a zero per cent tariff on Completely Knocked Down units (vehicles) and five per cent to 10 per cent on Semi Knocked Down units.
click here to read more
#Nigeria #tokunbo
