Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 – Federal Govt Declares
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.To Receive Latest Music, Video & News Updates , Add Us To Your WhatsApp: 08035927807; BBM Pin: D1C43241