Tag Archives: Excise Duty

Tayo Olanipekun, Washington DC A survey has shown that no fewer than 75 per cent of Nigerians are ready and willing to pay taxes, the Minister of Finance, Zainab Ahmed, has revealed. She also said that plans were already afoot to levy excise duties on carbonated drinks as she explained to journalists, during the World Bank/IMF Annual Meetings in Washington …

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President Muhammadu Buhari has approved an amendment to the excise duty rates for alcoholic beverages and tobacco with effect from Monday, June 4th, 2018. The President has also granted a grace period of 90 days (three months) to all manufacturers before the commencement of the new excise duty regime. There is however no increase in excise duty of other locally …

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