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FG increases VAT on champagne

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The Federal Government review
of the National Tax policy will see an increase on the Value Added Tax
on luxury items like champagne and some luxury items. The
review of the tax policy was announced by the minister of finance, Kemi
Adeosun at the Presidential Villa after a council meeting which was
chaired by the Vice-President, Yemi Osinbajo.

Adeosun said “What
the committee has shown is that we should look at actually increasing
VAT on some luxury items. With VAT of five per cent, we have the lowest
VAT. While we don’t think VAT should be increased on basic items, if you
are going to drink champagne in the United Kingdom, the VAT is 20 per
cent; so, why should it be five per cent in Nigeria?
“So,
they have made recommendations that we should pull out some luxury
items and increase VAT on those items immediately. And I think that is a
very valid and sensible suggestion, which we are going to talk to the
National Assembly about to see how we can implement it.
“But
as far as basic goods are concerned, no. I believe it is only fair that
when you consume luxury goods, you should pay a little bit more. The
National Assembly will decide the percentage.”
According to Punch, she added that “The
objectives of the revised policy included to guide the operation and
review of the tax system; provide the basis for future tax legislation
and administration; provide clarity on the roles and responsibilities of
stakeholders; and standard benchmark on which they would be held
accountable.”

The
minister also told newsmen that the enforcement of the revised policy
will start immediately, adding that the National Assembly will also be
required to help in changing the laws in-line with the recent policy.
The
Goodluck Jonathan administration in 2014, listed some items as luxury
items and some of them are: alcoholic beverages, private jets, luxury
cars based on engine capacity, and yachts.

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Ike Ani is a Freelance writer whose quest constantly is to relate happenings around the world to human daily living. He's also a song writer and singer, Acoustic Guitarist, and Teacher.

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Lifestyle

L. A Prisoners Infect Themselves With Coronavirus To Get Early Release (VIDEO)

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A group of silly L.A area prison inmates were very eager to contract the dreaded coronavirus .

They attempted this because they believed that would trigger their ticket out of prison.

According to the L.A. County Sheriff Alex Villanueva who made the startling revelation Monday, said about twenty-four (24) inmates at the Pitchess Detention Center in Castaic attempted (and somewhat succeeded, apparently) to infect themselves way back in mid-April 2020.

The Sheriff revealed that their department saw an increase in spike in confirmed cases out of nowhere.

He said that when they investigated, they found a high number of inmates living in one block of the prison appeared to be deliberately trying to infect each other with COVID-19 any way they could from behind bars.

When Alex Villanueva played the surveillance footages he and his team combed through carefully , and it showed several inmates hanging out in a common area and passing around what Alex described as a hot cup of water, as well as one face mask they’d each put on all in hopes of getting sympathy from a judge to spring them from the facility and let them go home.

But it turns out, their little ploy worked but, only halfway.

Villanueva reported that 21 of the inmates (out of 50 in the block) caught the ‘Coronavirus.

“What they won’t catch is a break” said the Sheriff.

Watch the Video HERE

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COVID-19 LOCKDOWN: 12 Year Old Albino Girl Suffers Eye Problems After Hawking Veggies In Abuja (PHOTOS)

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A very sad Facebook post greeted Nigerians from Abuja showing a 12 year old Albino Girl Grace, who started developing sight problems after Hawking Veggies under the scorching sun in Abuja.

The Facebook post stated that the little girl was asked to hawk the veggies by her aunt whom she lives with.

Below are the Screenshots of the Facebook post:

This sad news has sparked an outrage by well meaning individuals who spoke against such cruelty and insensitivity of the said girl’s aunt.

what do you think of this? Drop your comments below.

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“Buhari is Made In London” – Reno Omokri Blasts Presidency On Nigerian Made Products

The Buhari administration has been known for enforcing the Nigerian people to patronize Nigerian made goods though without much strategy to make life easier while this transition to economic growth is enforced.

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Reno Omokri Nuggets

The Buhari administration has been known for enforcing the Nigerian people to patronize Nigerian made goods though without much strategy to make life easier while this transition to economic growth is enforced. Many Nigerians have tagged it a harsh move that is insensitive and inhumane but moreso, Reno Omokri has singled out signals of hypocrisy in the President of Nigeria by outlining certain traits of family moves of the President that shows that he(Buhari) as the No.1 citizen has no regards for anything made in Nigeria but yet wants other Nigerians to embrace Nigerian made goods.

Reno Omokri ‘s tweet reads:

His kids schooled in England. His wife just returned from a 3 month UK stay. His daughter gave birth to his grandchild in Spain (made in Spain), yet
@MBuhari
, who is London, wants us to patronise made in Nigeria!

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