Home General News You must pay luxury taxes from 2019- Minister of Finance Zainab Ahmed

You must pay luxury taxes from 2019- Minister of Finance Zainab Ahmed

Zainab Ahmed who is the current minister of finance in Nigeria, stated beginning from 2019, Nigerians who own private jets and yatchs will pay luxury taxes which to a common man is a life time of cash. The minister of finance disclosed this when she spoke at a press conference on Monday December 24th. She further 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

Vanessa Lawson
Vanessa Lawsonhttps://360aproko.com/
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