Understanding Your Duty Costs
Importing into Nigeria isn't just about paying "duty." It is a collection of levies calculated on different values. We have simplified the complex terms below.
Pro TipUnsure about the data? Check these resources:
Surface Duty (ID)
Base tax based on HS Code. (e.g., Cars 20%).
Surcharge
Port development levy. 7% of Surface Duty.
FCS
Service charge. 4% of Invoice Value (FOB).
VAT
7.5% calculated on the total taxable value.
Example: Calculation for $1,000 Wristwatches
ASSESSMENT SHEETScenario: HS 9101.19.00
FOB (Invoice)$1,000₦1,428,810
Freight$200₦285,762
Insurance₦25,7191.5% of FOB+Frg
Ex. Rate₦1,428.81
CIF Total₦1,740,291
| Charge Type | Basis & Working | Amount (₦) |
|---|---|---|
| Surface Duty (ID) | 20% of CIF0.20 × 1,740,291 | 348,058.00 |
| Surcharge | 7% of ID0.07 × 348,058 | 24,364.00 |
| ETLS | 0.5% of CIF0.005 × 1,740,291 | 8,701.00 |
| FCS | 4% of FOB0.04 × 1,428,810 | 57,152.00 |
| VAT | 7.5% of Total0.075 × (CIF+ID+Surcharge+ETLS+FCS) | 163,392.00 |
| TOTAL DUTY | ₦601,667.00 |
Surface Duty (ID)₦348,058.00
Basis:20% of CIF
Work:0.20 × 1,740,291
Surcharge₦24,364.00
Basis:7% of ID
Work:0.07 × 348,058
ETLS₦8,701.00
Basis:0.5% of CIF
Work:0.005 × 1,740,291
FCS₦57,152.00
Basis:4% of FOB
Work:0.04 × 1,428,810
VAT₦163,392.00
Basis:7.5% of Total
Work:0.075 × (CIF+ID+Surcharge+ETLS+FCS)
TOTAL PAYABLE₦601,667
* Insurance is approximated at 1.5% of the (FOB + Freight) value in Naira.