Import Tax Adjustments Cut Value Of Nigerians’ Vehicle Imports To N463bn

The value of Sport Utility Vehicles (SUVs) importation by Nigerians has been cut by prevailing charges with regard to Import Adjustment Tax (IAT). Findings by New Telegraph shows an estimated value of N463 billion ($280.7 million) for SUV importation in 2024 due to IAT levy of two per cent of the value of the vehicle….