Stella Dimoko Korkus.com: Yacht And Private Jet Owners To Pay Luxury Taxes From 2019

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Wednesday, December 26, 2018

Yacht And Private Jet Owners To Pay Luxury Taxes From 2019

Zainab Ahmed, minister of finance, says owners of yachts and private jets will begin paying luxury items from 2019.





Addressing a press conference in Abuja on Monday, the minister said excise duties would be introduced in some areas while taxes would be reduced for small and medium enterprises.

“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,” she said.

“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.”

According to Ahmed, the Whistleblower Unit has recovered over N8.5 billion and $465 million among others from the 1,051 investigations conducted from tips received.

“Based on verification outcome by the Presidential Initiative on Continuous Audit (PICA), we have also paid over 2,000 former workers of our defunct national carrier- Nigeria Airways Limited,” she said.
FROM THE CABLE

15 comments:

  1. As they refused to tax Oyedepo and other likes for church, they should tax them on that

    ReplyDelete
    Replies
    1. Oyedepo hates Buhari because he is now made to pay taxes for his private jets which used to enjoy free taxes for harbouring on Nigerian airports during the last administration.

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    2. Guy had 4 Pjs and never paid taxes on any. After he received bills of outstanding taxes, he had to sell 2 to pay his debt. Why do you think he would ever like baba?

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  2. you pay fr airplane taxes the runway may be in bad shape or terminal, you pay fr yacht taxes the waterways is unsafe....what exactly is the money used for? and they shld also tax luxury car owners,dino will be paying a fortune for his

    ReplyDelete
    Replies
    1. People are talking about something serious that has general implication for the country you are jumping to Dino. Your comment here doesn’t even make sense with the subject of the news. You are talking about what the money is used for when you are one of those who don’t pay taxes. How many of you pay taxes before you talk about how taxes are used?

      Delete
  3. Smart move.. You can also tax them for being too rich too. 😂

    ReplyDelete
  4. Good one , and thus is what dem thieves never want to happen, things must work in this country 4+4

    ReplyDelete
    Replies
    1. That is it,the so called elite don't want him back because they can't steal like before. The campaign is so slow because they can't flaunt stolen wealth unlike any 2015. 4+4

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  5. This will be nice IF they can enforce it.

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  6. Well, they are adding to the pollution levels with their toys so they should pay some.

    ReplyDelete
  7. Nigeria we want infrastructures and social security but we don't want to pay taxes, so sad that our nation and unborn generation

    ReplyDelete

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