Breaking: Customs Begins Implementation Of Zero Tax On Imported Pharmaceutical Inputs
President Bola Tinubu has approved and implemented the exemption of import duties and Value Added Tax (VAT) on critical raw materials used in manufacturing pharmaceutical products. The Nigeria Customs Service announced the immediate commencement of this directive on Wednesday, following Tinubu's approval of comprehensive guidelines. The aim is to support the pharmaceutical industry by reducing the cost of essential manufacturing components. Further details regarding the specifics of the guidelines are expected to be released later.
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