BREAKING NEWS

Metro

World

Spiritual

27 Dec 2018

Yacht and private jet owners to pay luxury taxes from 2019- Minister of Finance says

Minister of Finance, Zainab Ahmed, says beginning from 2019, Nigerians who own private jets and yachts will start paying luxury taxes. The Minister disclosed this when she spoke at a press conference on Monday December 24th. She added that taxes of Small and Medium Enterprises will be reduced.

“We are exploring the way to increase taxes as well as reduce taxes in some sectors. For Small and Medium Enterprises, what will happen is to reduce taxes. But there are some special taxes that we will be looking at imposing.

For example, luxury taxes. If you have a private jet, we will be taxing you specially for that. If you have a yacht, we will be charging you for that and also in terms of excise duties, there are also some new areas where excise duties will be introduced. We haven’t got all the approvals but one of the major areas might be that of carbonated drinks produced in the country.” she said

SHARE THIS STORY USING ANY OF THE BUTTON BELOW ⬇

PLACE YOUR TEXT ADVERT BELOW ⬇⬇⬇

Loading...

SHARE YOUR STORY WITH US VIA EMAIL: INFO@247NIGERIANEWSUPDATE.CO

RECEIVE NEWS VIA OUR WHATSAPP, KINDLY TEXT +234 701 056 0394 TO ADD YOU

CLICK HERE TO JOIN US ON OUR YOUTUBE CHANNEL FOR NEWS UPDATE

CLICK HERE TO JOIN US ON TWITTER FOR INSTANT NEWS UPDATE: @247NGNEWSUPDATE

CLICK HERE TO JOIN MILLIONS AROUND THE GLOBE TO READ NEWS ON OUR FACEBOOK FAN PAGE

FOR INSTANT UPDATES ON INSTAGRAM CLICK HERE

RECEIVE INSTANT NEWS UPDATE VIA OUR BBM BROADCAST: D3EDEFDF

Post a Comment

 
Copyright © 2015 247 Nigeria News Update
Website by Tech Guardian