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Hike in price of non-alcoholic drinks looms, as Customs boss seeks enforcement of new taxes

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Customers of non-alcoholic drinks could must pay extra for his or her drinks because the Nigerian Customs Service Comptroller Common, Ali Hammed, has requested for the implementation of the carbonated drinks levy.

The levy, which is contained within the Finance Act of 2020 makes provision for tax on carbonated drinks.

Hammed on Monday, whereas showing earlier than the Home Committee on Finance through the interactive session on the Medium Time period Expenditure Framework (MTEF) and the Fiscal Technique Paper (FSP), mentioned he had been advocating for the implementation of the regulation.

He famous that the argument for levy on alcoholic drinks was primarily based on well being grounds, noting that carbonated drinks are as harmful as alcoholic drinks.

The Customs boss mentioned firms like Coca-Cola are working in Nigeria with out correct taxation.

I’ve been on this battle that we must always re-excise the businesses that have been deexcised in 2019—what we’ve been preventing for is that alcohol drinks and tobacco are injurious to our well being, that’s the reason the federal government determined to tax them, the carbonated drinks are equally injurious to our well being and they need to be taxed,” he mentioned.

He added that, “I’ve sung this track for a few years now, Coca-Cola is producing on this nation and he isn’t being taxed, there may be nowhere you go on the earth that Coca-Cola will not be paying tax to its host nation, however Coca-Cola on this nation will not be paying something. Due to the federal government unwillingness to re-excise these firms, for us, we’ve been battling for it, and I hope that sooner or later, we’ll begin accumulating.”

This push is coming amid double-digit inflation that’s rocking the nation and rising costs of meals objects.

The chairman of the committee, James Faleke, disclosed that the committee will take into account amending the Act to accommodate all drinks, carbonated and non-carbonated drinks.

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