Customs have commenced the implementation of zero tax on imported pharmaceutical inputs.
NewsOnline Nigeria reports that the Nigeria Customs Service (NCS) has commenced the implementation of zero tariffs, excise duties and value-added tax (VAT) on imported pharmaceutical inputs for two years.
This Nigeria news platform understands that the latest development follows President Bola Tinubu’s approval.
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In a statement on Wednesday, Customs said the implementation commenced after Tinubu directed comprehensive guidelines for the exemption of import duty and value-added tax (VAT) on critical raw materials used in manufacturing pharmaceutical products.
More details to come…
