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Nairaland Forum / Nairaland / General / Politics / Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt (34214 Views)
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Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt by Adeitanajoke(f): 6:01pm On Dec 25, 2018 |
Zainab Ahmed, minister of finance, says owners of yachts and private jets will begin paying luxury items from 2019. 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. “We haven’t got all the approvals but one of the major areas might be that of carbonated drinks produced in the country.” According to Ahmed, the Whistleblower Unit has recovered over N8.5 billion and $465 million among others from the 1,051 investigations conducted from tips received. “Based on verification outcome by the Presidential Initiative on Continuous Audit (PICA), we have also paid over 2,000 former workers of our defunct national carrier- Nigeria Airways Limited,” she said. Patience Oniha, director general of the Debt Management Office; Mary Uduk, acting director general of the Securities and Exchange Commission (SEC), Babatunde Fowler, executive chairman of the Federal Inland Revenue Service (FIRS) were also present at the briefing to give an account of the activities of their agencies. https://all-gists..com/2018/12/billionaire-with-private-jet-yacht-to-pay-luxury-taxes-from-2019-zainab-ahmed.html 42 Likes 10 Shares |
Re: Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt by Augustine1122(m): 6:07pm On Dec 25, 2018 |
Adeitanajoke: 1 Like |
Re: Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt by braveboy64(m): 6:43pm On Dec 25, 2018 |
that's good,let them feel what the poor are going through 64 Likes 6 Shares |
Re: Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt by sholatech(m): 7:11pm On Dec 25, 2018 |
Good Strategies. Tax the Super Rich and Reduce taxes for small businesses and low-earning workers. 191 Likes 11 Shares |
Re: Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt by ImperialYoruba: 7:15pm On Dec 25, 2018 |
Add to the list luxury vehicles... Rolls Royce Bentley Maybach Bugatti 179 Likes 13 Shares |
Re: Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt by amaechi1: 7:16pm On Dec 25, 2018 |
Should Atiku wins (God forbid) do you think he will continue with the policy being a private jet owner? 90 Likes 7 Shares |
Re: Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt by Nukilia: 7:18pm On Dec 25, 2018 |
Hope Billionaires with herds of cattle are not left out 54 Likes 6 Shares |
Re: Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt by goclean: 7:32pm On Dec 25, 2018 |
Until a political office holder start earning minimum wage, Nigeria will not move forward. 145 Likes 7 Shares |
Re: Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt by ayomilore: 9:57pm On Dec 25, 2018 |
We are getting there gradually. God bless Nigeria. 52 Likes 2 Shares |
Re: Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt by TheEconomist: 10:02pm On Dec 25, 2018 |
They should pay for houses and cars too. Taxes should be paid for luxury cars and any house worth more than 100 million Naira. 107 Likes 5 Shares |
Re: Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt by ednut1(m): 10:03pm On Dec 25, 2018 |
Pastors nko 19 Likes 1 Share |
Re: Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt by Lordofthewest(m): 10:03pm On Dec 25, 2018 |
Hahaha....all these wannabe celebs wey dey do pass themselves are in soup..Good initiative though, I hope the money is not stolen at the end of the day. 17 Likes 1 Share |
Re: Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt by Boyooosa(m): 10:04pm On Dec 25, 2018 |
Better if they can utilize the revenue appropriately. 2 Likes 2 Shares |
Re: Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt by yesloaded: 10:05pm On Dec 25, 2018 |
goclean:You have a point 12 Likes |
Re: Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt by ajayiopy: 10:05pm On Dec 25, 2018 |
CAN WD ALSO TAX LUXURY HOUSES IN ABUJA TOO. U GUYS ARE CRAZY 4 Likes 1 Share |
Re: Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt by Uglymugg: 10:05pm On Dec 25, 2018 |
I forgot she was Minister of Finance. she's really quiet. 4 Likes |
Re: Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt by OboOlora(f): 10:05pm On Dec 25, 2018 |
Churches should be made to pay taxes too!!!!!! 26 Likes 1 Share |
Re: Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt by Nobody: 10:06pm On Dec 25, 2018 |
braveboy64: U sound like u are beefing the rich...the rich isn't our problem, the government and their lack of accountability is the issue ..opening more access to revenue is good...but what's the point when some few people are gonna pack it in their pockets anyways 62 Likes 5 Shares |
Re: Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt by Boyooosa(m): 10:06pm On Dec 25, 2018 |
ednut1:U better leave those ones, their followers will come for you now... Call u names. 9 Likes |
Re: Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt by Chukazu: 10:07pm On Dec 25, 2018 |
They must include those who own Super Bike like Yusuf Buhari 30 Likes 2 Shares |
Re: Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt by Lankybaby(f): 10:07pm On Dec 25, 2018 |
davido and likes who owns private jet 1 Like |
Re: Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt by Charly68: 10:07pm On Dec 25, 2018 |
Good policy ever ..God bless Nigeria 2 Likes |
Re: Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt by martineverest(m): 10:07pm On Dec 25, 2018 |
oyedepo and adeboye come to my mind 5 Likes 1 Share |
Re: Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt by Sholah96(m): 10:07pm On Dec 25, 2018 |
And I was thinking of getting a luxury yacht |
Re: Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt by itiswellandwell: 10:08pm On Dec 25, 2018 |
OK |
Re: Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt by hansomb: 10:09pm On Dec 25, 2018 |
The Oyedepos and co will not like this new development. Any church or mosque or shrine that makes more than 1 million naira per month in income should also be task. 15 Likes 2 Shares |
Re: Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt by Sholah96(m): 10:09pm On Dec 25, 2018 |
hansomb: Hw far nah |
Re: Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt by omoteacher(m): 10:10pm On Dec 25, 2018 |
I'm in support of this. It's a welcome development,tax the super rich and reduce tax for the medium /small scale businesses. 4 Likes |
Re: Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt by UrVillagePpl: 10:11pm On Dec 25, 2018 |
[quote author=Augustine1122 post=74161256][/quote]
the have recovered such huge amount of money yet naija econs stil da shaky... |
Re: Billionaire With Private Jet/ Yacht To Pay Luxury Taxes From 2019 - Federal Govt by Nobody: 10:12pm On Dec 25, 2018 |
Tax the rich but how do they distribute it to the poor? They will reloot it. 3 Likes 1 Share |
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