@Ol0ye Donโt mind them, I punched ordinary Camry yesterday that the 10percent was removed , releasing officer refused to release cos green tax has not been effected on the system , my doc has been referred to valuation today .
Most dealers would have been willing to knock that extra off anyway if you were a serious buyer.
For importers and dealers.
That extra adds up.
If you import 20 cars a year at an average of 200k saved on duties per year, you get almost 3m extra.
So not nothing.
๐คฒ๐ผ
There's is an effective 6% rate reduction.
What does this mean for you as a customer.
It means if you were ever a good negotiator, most dealers would be willing to sell you a car in that range any way. A car that landed for 10m can now land for 9.8m thereabout.
So the new calculation becomes
- FCS 4%
- Import duty 20%
- NAU 5% or 10% depending on engine capacity. *this is the line item impacted by the change*
- SUR 7%
- ETL 0.5%
- VAT 7.5%
- Green tax 4%
Total duties now 48% or 44% on cars with smaller engines.
Following the reduction, importer will now pay a lower NAU of either 5% or 10% depending on engine capacity.
A green tax of 4% is coming into effect depending on engine capacity. Car 2L engines and above which is like almost every V6 sedan and SUV will pay a green tax.
"Oloye, I hear say FG don cut import duty to 5 or 10 percent. Cars go cheap this period be that abi?"
Before the reduction, here's what importers paid.
- FCS 4%
- Import duty 20%
- NAU 15% or 20% depending on engine capacity.
- SUR 7%
- ETL 0.5%
- VAT 7.5%
Total 49-54%.
๐จ ๐๐ซ๐๏ฟฝ๏ฟฝ๏ฟฝ๐ข๐ ๐ง๐๐ฐ๐ฌ ๐๐ซ๐จ๐ฆ ๐ญ๐ก๐ ๐๐จ๐จ๐ญ๐๐๐ฅ๐ฅ ๐๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐ญ๐ฒ:
Emmanuel has reportedly passed away after suffering a serious injury following this challenge with the opposing goalkeeper during a match.
A deeply heartbreaking incident.
May his soul rest in peace. ๐๏ธ
#AfricanFootball
Bro to bro, world cup & banter go come and go, nah your life go remain ooo๐
Omo, take life seriously this year,
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@Kynsofficial The hate in you people's heart won't allow you see the wins this administration is recording. Duty on cars dropped almost by half.
Tinubu will succeed and president Tinubu will continue to win.
Hello Sir , no one will ask for his permission before opening the container for examination , but posting it online is not cool cause we do clear other containers and post it for PR without mentioning the owners .
You people are so gullible on how things work at the port , first of all the so called lady is not a custom officer, sheโs an agent in charge of the clearing and itโs a must for every containers to be examined by customs by checking all containers in the shipment .
You had the opportunity to clear Asakeโs car and you made a video of other items in the car and posted it online without his consent, our customs officers are so unprofessional, if she loses her job now, we blame Nigeria