Adeitanajoke:


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

TheEconomist:
They should pay for houses and cars too.

Taxes should be paid for luxury cars and any house worth more than 100 million Naira.

TheEconomist:
They should pay for houses and cars too.

Taxes should be paid for luxury cars and any house worth more than 100 million Naira.

SingleWahala:
....
How clueless are the super power countries Like UK , France ,USA , Russia ,Germany and thier likes Who's government Imposed Luxury Taxes on thier citizens. ? And the same thing applies to the Foreigners that Resides their and Even those that go for tourism........ .....and na people like you dey pray and pray and pray make one day GOD carry you reach dem country ! because dem country better pass una own

Nukilia:
Hope Billionaires with herds of cattle are not left out

hansomb:
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.

Lordofthewest:
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.

OboOlora:
Churches should be made to pay taxes too!!!!!!

toprealman:
Don't even try to sound like someone with a well coated brain! Go read about tax system you quoted but clearly know nothing about. Tax goes with measurable deliverables!
Set the institution right first then people like you should also be taxed on xex!

OboOlora:
Churches should be made to pay taxes too!!!!!!

docadams:


Very good suggestions but I will rather suggest houses above #10m an cars above #5m

bulbutcher:
don't go their oooohhh . . . .

sholatech:
Good Strategies.

Tax the Super Rich and Reduce taxes for small businesses and low-earning workers.

ithink7:
You guys are not smart.

Rich people will move to another country with their money. What happen next? Economy will collapse. Then the blame game continue.

You think America, Canada, Europe are stupid for making it easy for rich and successful people to come to their country.

Try this, if you have at least 10m naira cash, maybe 20m. Go to Canadian embassy and see how fast they'll grant you visa.

ithink7:
You guys are not smart.

Rich people will move to another country with their money. What happen next? Economy will collapse. Then the blame game continue.

You think America, Canada, Europe are stupid for making it easy for rich and successful people to come to their country.

Try this, if you have at least 10m naira cash, maybe 20m. Go to Canadian embassy and see how fast they'll grant you visa.

braveboy64 ImperialYoruba amaechi1 ayomilore TheEconomist omoteacher

amaechi1:
Should Atiku wins (God forbid) do you think he will continue with the policy being a private jet owner?

amaechi1:
Should Atiku wins (God forbid) do you think he will continue with the policy being a private jet owner?

ednut1:
Pastors nko

braveboy64:
that's good,let them feel what the poor are going through

nikeballing:
Billionaire pastors,imams and traditionalist should be exempted though,the private jets are used for missionaries,evangelism and God's work

Xilefcars:




You are just a poor fool, bro. You no get money, you no cum get sense join. Your future is finished, bro. Sense fall on ur coconut head there!!!

ImperialYoruba:
Add to the list luxury vehicles...

Rolls Royce
Bentley
Maybach
Bugatti

sholatech:
You must be kidding. Right?

10m Naira Cash and 20m Naira cash will give you visa at US/Canadian Embassy?
Minimum investment you can show to start residency here is $500,000. Almost 200m Naira.

The taxes to be introduced will still be far lower than US/European countries.

Our rich ones here don't pay property taxes not to talk of luxury taxes. That's why they own lots of unoccupied properties everywhere. You can't try that even in Kenya.
I support high taxes on Luxuries. Even in Ghana now, if you have 2015-2019 cars you will pay higher car & radio fees. If it's SUV be prepared to even pay extremely high fee yearly!

It's a global tax system. You own more you pay more taxes.

goclean:
Until a political office holder start earning minimum wage, Nigeria will not move forward.