The
Nigerian government has announced new charges on high end products
including private jets, yachts and champagnes, in a move the government
says will force the rich to pay more to help the country deal with
falling oil price.
New private jets will henceforth attract a
10 percent import surcharge, and will generate an estimated N3.7
billion yearly, finance minister, Ngozi Okonjo-Iweala, said Wednesday.
Luxury
yachts will attract 39 percent import surcharge with an estimated
annual yield of N1.6 billion, while luxury cars will attract five
percent surcharge and a yearly yield of about N2.6 billion.
Ms. Okonjo-Iweala said a three percent charge on champagnes, wines and spirits will yield about N2.3 billion.
Also,
a mansion in Abuja, worth N300 million and above, will henceforth
attract a charge of one percent, referred to as FCT Mansion Tax. The
government expects to generate about N360 million from this.
The government expects to raise up N10.56 billion from the surcharges.
Credit: Bassey Udo/PremiumTimes
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