Luxury Items Like Champagne, Others To Attract More VAT- FG

By Mojisola Delano On Feb 2, 2017

The Federal Executive Council on Wednesday approved the Revised National Tax Policy.

The policy will see the Value Added Tax on luxury items like champagne, increasing from the current five percent among other changes.

The Minister of Finance, Kemi Adeosun, disclosed this to State House correspondents at the end of a meeting of the council presided over by Acting President Yemi Osinbajo.

Adeosun said while the implementation of the revised policy would take immediate effects, some aspects that require changes in law would be referred to the National Assembly for action.

Mojisola Delano 9299 posts 129 comments

Moji is a Lawyer, online media aficionado, communications strategist, and entrepreneur in her early 30’s. Her zest and energy to succeed coupled with her very strong interpersonal skills has seen her build her blog from just a passionate hobby to a strong platform for social influence and brand.

Today she has expanded to having her own company SMD Media. SMD Media consults for large corporates drawn especially from the Finance, Technology, Advertising and Media, Creative Arts sectors, where her brand has grown significant leverage and contacts.

She is also the pioneer Chairperson of the Digital Media Practitioners of Nigeria-DMPN, an Association whose vision is to influence on a larger scale for a greater good to impact lives positively, ensure the standardisation and the continuous enthronement of ethical practises within the digital space .

Moji is a lover of the Arts, Fashion and Entertainment with a strong plan to own her own shoe/bag line, record label, Movie production company among other things.

Abi Raymond, A Woman Of Extraordinary Versatility

Kitchen Etiquette: Here Are The Best Tips In Storing Food And Leftovers In Your Home