WebDec 9, 2024 · Nigeria: Guidance on excise tax on non-alcoholic, carbonated and sweetened beverages. December 9, 2024. Regulations providing guidance on the implementation of the excise tax of ₦10 per litre on non … WebDec 12, 2024 · The FGN needs revenue, and rightly so. On a net position, government targets a total of 81 billion in collection with the successful implementation of the proposed additional 20 percent Ad-Valorem Excise Tax , but the N10/per litre tax on Carbonated non-alcoholic drinks has already led to a 16% fall in industry revenue.
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WebAug 5, 2024 · With the introduction of a tax on sugar-sweetened beverages under Nigeria’s 2024 Finance Act, the Nigerian Customs Service on 1 June began implementing a new tax on sugary drinks. The tax rate of N10 per litre applies to all non-alcoholic, carbonated beverages that contain sugar and are produced domestically — in a country where local … WebJan 6, 2024 · The Manufacturers Association of Nigeria (MAN) has condemned the introduction of excise duty on all non-alcoholic, carbonated and sweetened beverages. … the loop ocean outdoor
Between sin tax and keeping Nigerians healthy - Daily Trust
WebJan 7, 2024 · The Federal Government has announced the introduction of excise duty of N10 per litre on all non-alcoholic, carbonated and sweetened beverages in the country. The charge is part of a new policy introduced in the Finance Act which was signed into law by … WebJan 7, 2024 · The Nigeria Labour Congress (NLC) is rejecting plans by the Federal Government to increase taxes on non-alcoholic and carbonated drinks. NLC’s position is contained in a statement signed by its ... WebJan 5, 2024 · THE Federal Government has introduced sugar tax on non-alcoholic beverages. Minister of Finance Zainab Ahmed said the tax became law to discourage … ticklish male feet facebook