Close Menu
Carmart blog
  • Auto News
  • Celebrities Cars
  • Electric Vehicles
    • Tesla cars
  • Model Year
    • 2021 cars
    • 2022 cars
    • 2023 cars
    • 2024 cars
    • 2025 Vehicles
  • Safety Tips
    • Tips
  • Africa
    • Ghana cars
    • South Africa

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Habby Forex (Damilare Ogundare) Biography, Career, House, Cars & Net Worth

July 10, 2025

Top 3 Richest Forex Traders in Nigeria 2025, Net Worth and Expensive Cars

July 10, 2025

2024 Toyota 4Runner Vs. 2024 Jeep Wrangler: Which SUV is the Strongest to Drive in Nigeria?

July 10, 2025
Facebook X (Twitter) Instagram
Carmart blogCarmart blog
  • Auto News
  • Celebrities Cars
  • Electric Vehicles
    • Tesla cars
  • Model Year
    • 2021 cars
    • 2022 cars
    • 2023 cars
    • 2024 cars
    • 2025 Vehicles
  • Safety Tips
    • Tips
  • Africa
    • Ghana cars
    • South Africa
Facebook X (Twitter) Instagram WhatsApp TikTok
Sell Car
Carmart blog
Home » Imported vehicles, Beer, Wine, and Others To Cost More As FG Introduces New Taxes
Auto News

Imported vehicles, Beer, Wine, and Others To Cost More As FG Introduces New Taxes

Carmart TeamBy Carmart TeamApril 30, 2023No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Imported vehicles, Beer, Wine, and Others To Cost More As FG Introduces New Taxes
Imported vehicles, Beer, Wine, and Others To Cost More As FG Introduces New Taxes
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

The Federal Government has introduced a new set of taxes on beer, imported vehicles and single-use plastics. It has also been added to the list of items banned from being imported into the country.

Under the newly introduced taxes, the Federal Government will charge N75 per litre of beer or stout imported into Nigeria. According to the Minister of Finance, Zainab Ahmed, N75 per litre will be charged on “beer and stout including all alcoholic beverages and beer not made from malt- whether fermented or not fermented” in 2023. This new excise duty on beer and stout will be increased to N100 per litre in 2024.

Before the new rates, the government taxed imported alcoholic beverages using valorem rates- levying of tax or customs duties) proportionate to the estimated value of the goods or transaction concerned. Now there is a specific rate, not an estimate. The same excise rate for beer will be applied to the importation of wine.

Under the tax laws, two-litre engine vehicles will attract an Import Adjustment Tax (IAT) of two per cent while vehicles with four-litre engines and above will attract a four per cent IAT with effect from 1 June 2023. The Federal Ministry of Finance Budget and National Planning quietly issued a circular (HMFBNP/MDAs/circular/2023FP/04) to all Ministries, Departments and Agencies on April 20, 2023 informing them of the new developments.

The Federal Government has also revised the import prohibition list with the inclusion of used motor vehicles above 12 years from the Year of manufacture; Paracetamol tablets Syrups; Cotrimoxazole tablets and Syrups; Metronidazole tablets and Syrups and Chloroquine tablets and Syrups.

Have 1 million naira and above to Buy or Sell Cars In Nigeria? Check carlots.ng





All rights reserved. Reproduction, publication, broadcasting, rewriting, or redistribution of this material and other digital content on carmart.ng is strictly prohibited without prior express written permission from Carmart Nigeria - Contact: [email protected]

imported vehicles
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Carmart Team
  • Website
  • Facebook
  • Instagram

The articles published by the Carmart team are a well-researched and informative collection of content contributed by the entire team of Carmart Nigeria. This content spectrum covers a wide range of topics in the automotive sector, including press releases, formal announcements, celebrity cars, new car releases, African car posts, car maintenance tips, safety tips, and much more. Carmart.ng is a blog that focuses on vehicle news in Nigeria. The blog covers a variety of topics such as car reviews, industry news, buying guides, maintenance tips, and automotive technology updates. These blogs can be a valuable resource for car enthusiasts, buyers, and anyone interested in staying up-to-date with the latest trends in the automotive world.

Related Posts

Toyota & Lexus Brands Dominate As The Most Reliable Car Brands Globally; the Brands That Come Last Will Surprise You

July 6, 2025

7 Best Toyota Cars Of All Time You Should Consider Buying In Nigeria

June 27, 2025

The Most Popular Petrol Station in Nigeria & Why You Should Be Careful When Buying Fuel

June 24, 2025
Leave A Reply Cancel Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Top Posts

How To Get Car on Hire Purchase – Car Loan For Uber and bolt Drivers In Nigeria

February 14, 2025

Car hire purchase in Nigeria guide: List of Car Hire Purchase Company

October 30, 2024

INNOSON Mini Bus Price in 2024, Review, Specifications

July 3, 2024

GIGM Bus Pricelist 2025, Online Booking, Terminal Locations, and Contacts

April 6, 2025
Don't Miss
Celebrities Cars

Habby Forex (Damilare Ogundare) Biography, Career, House, Cars & Net Worth

July 10, 2025

Damilare Ogundare is one of the top names in Forex trading in Nigeria. Like every…

Top 3 Richest Forex Traders in Nigeria 2025, Net Worth and Expensive Cars

July 10, 2025

2024 Toyota 4Runner Vs. 2024 Jeep Wrangler: Which SUV is the Strongest to Drive in Nigeria?

July 10, 2025

Five coolest features of the 2025 Toyota 4Runner

July 10, 2025
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
About Us
About Us

Carmart.ng has evolved from being just a car sales platform into Nigeria’s leading automotive blog and news media outlet. Once known for connecting buyers and sellers, Carmart.ng now serves as a trusted source for car reviews, auto news, pricing insights, and lifestyle stories tailored for the Nigerian audience.

With a renewed focus on automotive journalism, Carmart.ng now caters to both casual car lovers and seasoned auto enthusiasts who want to stay informed about the latest happenings in the local and global auto industry.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Quick Link
  • Our Authors
  • Fuel Price
  • Cheap Cars for Sale
  • Terms of Use
  • Privacy Policy
Most Popular

Carlots.ng Names the 2024 Range Rover Vogue as the Most Beautiful SUV in Nigeria

July 6, 2025

Car Maintenance Tips in Nigeria: Benefits and What to Check

October 18, 2023

Best Car to Buy in Nigeria [ Easy Maintenance and Low Fuel Consumption ]

August 13, 2024

Type above and press Enter to search. Press Esc to cancel.

Get Latest Post on WhatsApp