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Niger: New tax measures to boost the economy

11/01/2022
Categories: Economy/Forex

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Niger's General Directorate of Customs has adopted tax measures to boost the economy. These measures were notified in two circulars: No. 00001/DGB/DRD and No. 00002 /DGB/DRD.

 

The General Directorate of Customs under the leadership of its Dg Harouna Abdallah has initiated several reforms as part of the implementation of new measures of Law No. 2021-050 of December 20, 2021 on the finance law for the 2022 budget year. The Director General of Customs has issued two circulars, Circular No. 00001/DGB/DRD, relating to customs clearance costs for the importation of automobiles and Circular No. 00002 /DGB/DRD, relating to the downward revision of certain taxes and exemptions, on January 5, 2022.

These measures relate to the new definition of the residual value applicable to imported vehicles aged ten (10) years and over, according to the year of first entry into circulation, reductions in the taxable value for cars aged less than 10 years, new vehicles, the downward revision of the re-export tax on sugar, on fabric and on oil intended for export.

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