Import Adjustment Tax

Stop 20 % Import Adjustment Tax on drugs

Stop 20 % Import Adjustment Tax on drugs

Implementation of the mandatory 20 per cent Import Adjustment Tax (IAT) on medicaments by the Nigeria Customs Service, as provided in the 2016 Fiscal Policy Measures (FPM), made up of Supplementary Protection Measures (SPM), is an ill wind that is blowing Nigerians no good.