Tuesday 10 June 2014

62.5% BOOK TAX CANCELLED


Just got the good news - 62.5% book tax on scientific & imported school printed materials has been cancelled. A lot of behind the scenes from leading literary figures, library associations, Publishing Association of Nigeria, University press, Riplington & Associates, Association of Private Educators in Nigeria and a host of others working together.

Nigeria is a signatory to the UNESCO 1950 treaty Importation of Educational, Scientific & Cultural Materials - basically no tariff on such materials, to enable the free flow of ideas and cost shouldn't be an issue. The Finance ministry is now aware of the fact that it is now a good time to pull out of such an agreement.

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