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Goods arriving in the country may be subject to import duty, Value Added Tax (VAT), special tax and import excise duty. Duties are imposed on certain categories of exports also. Aside from a few items that are exempt from the payment of customs duty, all imports are subject to import duty plus VAT.

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The 5% import duty rate on interchangeable tools of Chapters 82, 84 and 85 of and Motor Vehicles falling within Heading No. 8703 with cylinder capacity not exceeding 1900cc remains unchanged. A new 5% import Duty is now levied on:

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The 5% import duty rate on interchangeable tools of Chapters 82, 84 and 85 of and Motor Vehicles falling within Heading No. 8703 with cylinder capacity not exceeding 1900cc remains unchanged. A new...

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2021-05-27  In 2012, corporate taxes were increased from 25 per cent to 35 per cent for mining companies and a uniform regime for capital allowances of 20 per cent for five years for the mining

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2019-07-04  A 10 per cent windfall tax levy on mining companies was announced in 2012, but is yet to be passed into law. The royalties’ payments are revenue-based (fixed at 5 per cent of total revenue ...

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