Nigeria has suspended a recently introduced 4% charge on imported goods to allow for stakeholder consultation and alignment with a new customs modernization act, which aims to streamline revenue collection and digitize operations. This suspension, coinciding with the end of a previous service provider contract, provides an opportunity to revise the revenue framework and optimize the implementation of the new act, with a revised timeline to be announced after further engagement.
Source: regfollower.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.
