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, …