Manufacturers Association of Nigeria revealed this at MMS Plus Business Discourse on, ‘X-raying the Proposed Excise Duty Regime for Carbonated Beverages in a Recovering Economy.’
“Government could lose up to N197 billion in Value Added Tax , EIT fund and Collective Investment Trust revenues occasioned by the drop in industry performance,” the MAN representative said. Ali, who was represented by the Controller, Lagos Industrial Command, Comptroller Monica Shaahu, noted that the policy would cushion the effects of the overdependence on oil import duty revenue.
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