HeadlinesNews Customs seeks enforcement of carbonated drinks levy By maritimemag August 24, 2021 ShareTweet 0 Abiola Seun Consumers of non-alcoholic drinks may have to pay more for their drinks as the Comptroller General of the Nigeria Customs Service,Col. Hameed Ali (rtd), has asked for the implementation of the carbonated drinks levy. The levy, which is contained in the Finance Act of 2020, makes provision for tax on carbonated drinks. Hameed on Monday, while appearing before the House Committee on Finance during the interactive session on the Medium Term Expenditure Framework (MTEF) and the Fiscal Strategy Paper (FSP), said he had been advocating for the implementation of the law. He noted that the argument for levy on alcoholic drinks was based on health grounds, noting that carbonated drinks are as dangerous as alcoholic beverages. The Customs boss said companies like Coca-Cola are operating in Nigeria without proper taxation. “I have been on this battle that we should re-excise the companies that were deexcised in 2019—what we have been fighting for is that alcohol beverages and tobacco are injurious to our health, that is why the government decided to tax them, the carbonated drinks are equally injurious to our health and they should be taxed,” he said. He added that, “I have sung this song for many years now, Coca-Cola is producing in this country and it is not being taxed, there is nowhere you go in the world that Coca-Cola is not paying tax to its host country, but Coca-Cola in this country is not paying anything. “Because of the government unwillingness to re-excise those companies, for us, we have been battling for it, and I hope that one day, we will start collecting.” This push is coming amid double-digit inflation that is rocking the country and rising prices of food items. The chairman of the committee, James Faleke, disclosed that the committee will consider amending the Act to accommodate all drinks, carbonated and non-carbonated drinks. © 2021, maritimemag. All rights reserved.
Headlines Dangote refinery can supply diesel, petrol needs of West Africa; African continent’s aviation fuel requirements — Dangote May 19, 20241076 views
Headlines Marine and Blue Economy Ministry to increase local fish production, reduce dependence on importation May 18, 2024990 views
Headlines No justification for epileptic electricity supply in Nigeria – Eminent Nigerians, and leaders May 18, 20241139 views
Dangote refinery can supply diesel, petrol needs of West Africa; African continent’s aviation fuel requirements — Dangote May 19, 2024
Marine and Blue Economy Ministry to increase local fish production, reduce dependence on importation May 18, 2024
No justification for epileptic electricity supply in Nigeria – Eminent Nigerians, and leaders May 18, 2024