The new excise duty for alcoholic beverages and tobacco earlier approved by President Muhammadu Buhari will take effect from Monday, June 4, 2018.
Minister of Finance, Kemi Adeosun, in March announced that the president had granted a grace period of 90 days to manufacturers of the products.
READ: Buhari approves increase In excise duty for alcoholic beverages and tobacco
Adeosun said the new excise duty rates would spread over a three-year period from 2018 to 2020 in order to moderate the impact on prices of the products.
According to her, the upward review of the excise duty rates for alcoholic beverages and tobacco was to raise the government’s fiscal revenues.
She said that it would also reduce the health hazards associated with tobacco-related diseases and alcohol abuse.
Adeosun said the new duty rate on tobacco was a combination of the existing ad-valorem base rate and specific rate while the ad-valorem rate was replaced with a specific rate for alcoholic beverages.
THE FEDERAL REPUBLIC OF NIGERIA APPROVE CUSTOM SERVICE AUCTIONING and SALES OF BAGS OF RICE, GROUND NUT OIL, CEMENT…RECRUITMENT/REPLACEMENT Slot FORM AND SALES OF VEHICLES HAS COMMENCE. CONTACT THE ZONAL OFFICER ON 08101780516 CUS IJEH BASSEY FOR BOOKING,PURCHASE AND SHIPPING Ranging from 1999 Models.. at cheaper rate!!Price of some vehicles are:Golf 2,3,4 N150,000k #250,000k N300,000
Toyota Spider 550,000
Toyota Sienna N600,000
Toyota Camry 2.2 350,000k
Toyota Venza #850,000
Toyota Highlander #950,000
Toyota Avalon 750,000k
Toyota Corolla #500,000k
Toyota Camry big daddy #550,000
Toyota Prado #900,000k!
Nissan Murano N800,000
4matic 800,000k
Toyota Hiace Bus #950,000
Tiper #1.2m
Truck #650,000
4runner N750,000
Toyota Hilux #900,000k!
Lexus GS # 700,000
Lexus GX460 # 67k
Lexus GX470 # 95k
Lexus LX 570 # 750k
Lexus RX 300 #500,000
Lexus RX 330 # 850,000
Lexus RX 350 N700k -# 3M
Honda EOD N600,000k
Honda Accord #500,000k!
Honda crv 700,000
Acura ZDX N900K
Acura MDX N700K
Audi A4 N400K
Audi A6 N750K
BMW 3-Series N850K
BMW 5-Series N950K
BMW X5 N930K
BMW X6 N700K – N3M
Ford Escape N800K
Infiniti FX35 #600k – N2M
Infiniti FX45 550k – N2.2M
Infiniti QX4 N730K
Mazda 626 N300K
Mazda MPV N750K
Mazda Tribute N780K
Mercedes-Benz C-Class N750K
Mercedes-Benz E-Class N800K
Mercedes-Benz GLK N750K
Mercedes-Benz ML320 N750K
Mercedes-Benz ML350 N1M
Rang rover 1.5m
AND MORE EXCLUSIVE ONES.
Breaking News!!!!!!A bag of Dangote3XCement is now sold for 1300 naira call (Otunbo B Williams ) via +2347036494859 for buyers of 100 bags and above..you can also get a bag of rice 8500 naira only for buyers of 20 bags and above….delivery before payment…you only furnish cost for transportation before supply……Nationwide Supply is directly from the main factory ,,,