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22 March 2018

Nigeria increases excise duty on certain products

The Federal Government of Nigeria (the Government) recently approved an increase in the excise duty on alcoholic beverages and tobacco effective June 4. The increase was approved based on the recommendation of the Tariff Technical Committee of the Federal Ministry of Finance and it is expected to be phased in over a three-year period from the year 2018 to 2020.

An Indirect Tax Services group Alert, attached below, provides additional details.

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ATTACHMENT

Document ID: 2018-0634

 

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