The Honourable Minister of Finance (“the Minister”), Mrs. Zainab Shamsuna Ahmed, via a communiqué announced the commencement date for 2019 excise rates on alcoholic beverages and tobacco products as 4 June 2019.
The Minister equally issued clarification on the applicable excise rate on items included under Heading 22.06 of the ECOWAS Common External Tariff (2015 - 2019). The affected items include:
The excise rates on these items shall be at a specific rate of N0.30 per CL for 2018, and N0.35 per CL for 2019 and 2020. This is similar to the current excise regime for beer and stout products.
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