Tighten your belts – Keeping it together in a tough economy

You are not a ‘marlian’, so you better tighten your belt, the government is coming for a bigger share of your wallet. This is what’s happening – VAT – As we all know, this is going to 7.5% from 5% Electricity Tariff – Tariffs are going up by about 78% in April. Petrol – HasContinue reading “Tighten your belts – Keeping it together in a tough economy”

What is in the News: FG Considers Imposing Excise Duty on Carbonated Drinks

Another day, another tax note from the federal government. At the ongoing annual meetings of the IMF and World Bank, Zainab Ahmed, the minister of finance announced that the government was considering imposing excise duties on carbonated drinks i.e. soft drinks. At the moment, excise duty of 20% is being paid on beer, stout, spirits,Continue reading “What is in the News: FG Considers Imposing Excise Duty on Carbonated Drinks”