Section 150 Nigeria Tax Act 2025

Section 150 of the Nigeria Tax Act 2025 is about Value of imported taxable supply. It provides as follows:

The value of imported taxable supply for the purposes of Chapter Six of this Act shall be the amount which is equal to the price of the taxable supply imported plus –

(a) taxes, duties and other charges levied either outside or by reason of importation into Nigeria, other than VAT imposed under this Act; and

(b) costs by way of commission, parking, transport and insurance up to the port or point of entry.

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