ARTICLE
15 March 2018

Federal Government Increases Excise Duties On Tobacco And Alcoholic Products

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PwC Nigeria

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PwC Nigeria is one of the leading professional services ?rms in Nigeria with of?ces in Lagos, Abuja and Port Harcourt, with over 1,000 staff and 31 resident partners. We are committed to serving as a force for integrity, good sense and wise solutions to the problems facing businesses and the capital markets. We are guided by one promise – to do what is right, be it with our people, clients, community, or environment.
President Mohammadu Buhari, on the recommendation of the Tariff Technical Committee of the Ministry of Finance, has approved an increase to the excise duties on tobacco and alcoholic beverages effective from 4 June 2018
Nigeria Tax

President Mohammadu Buhari, on the recommendation of the Tariff Technical Committee of the Ministry of Finance, has approved an increase to the excise duties on tobacco and alcoholic beverages effective from 4 June 2018.

The increase would be introduced in phases over a 3-year period from 2018 to 2020 to moderate the impact of the increment on the price of the products.

Read our alert for more:

Download PwC Tax Alert_FG increases excise duties on alcohol and tobacco__March2018

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