- Nigeria Customs Service released guidelines for implementing 0% duty rate and VAT exemption on basic food items
- The duty rate applies to essential food items like rice, sorghum, millet, maize, wheat, and beans
- The tax concession is effective from July 15, 2024, to December 31, 2024.
Source: kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
