Government proposes more sales tax

The government has proposed 5% sales tax on meat, fish and eggs. Last year, Nu.631.72 million worth of meat, fish and eggs was imported in the country. Levying tax of these items is expected to curtail the demand. No sales tax is charged on these items currently.

Similarly, 50% excise duty on all alcohol, domestic and imported, has also been proposed. An additional 100% sales tax is also proposed on all alcohol on the existing 100%.

Meanwhile items, such as silk fabrics, will be liable for 15% sales tax and 50% customs duty. Power chainsaws will be charged 20%sales tax and 30% customs duty.

Top Stories

Related Stories

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Recent Comments

Facebook
Twitter
Instagram
YouTube