Collect tax on carbonated drinks - Custom advises FG
- The Nigeria Customs Service has asked the Federal Government to place a tax on carbonated drinks
- The comptroller general of Customs said since there are taxes on alcoholic drinks and tobacco, carbonated drinks should also be taxed
- According to Hameed Ali, placing a tax on this item will help the NCS meet its revenue generation target
The Federal Government has been urged to include carbonated drinks in the list of commodities on its tax net.
The call was made by the comptroller general of Nigeria Customs Service, Colonel Hameed Ali (retired) on Thursday, February 6, at the public hearing of the House of Representatives on Finance.
Speaking during the hearing Ali called on the federal government to broaden its excise tax net to include carbonated drinks.
Ali said the implementing tax on carbonated drink will help the service step up its efforts in revenue collection.
Noting that excise duty is being collected on alcoholic beverages and tobacco because of the health effect they pose to the public, Ali said placing a tax on carbonated drink will help the Nigeria Customs Service meet up its revenue target.
He also said that since carbonated drinks are also injurious to health like tobacco and alcohol, they should be included in excise duty payable commodities.
Source: UGC
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Meanwhile, Legit.ng previously reported that the Nigeria Customs had intercepted over $6.8 million in cash from a passenger.
It was gathered that worker at the Lagos airport who was allegedly involved with the money was arrested by the Murtala Muhammed International Airport Command.
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Source: Legit.ng
