There will be a definite luxury tax surcharge in the next quarter regardless of who wins the election
For people or organization, who are not aware, now is the time to seek tax and legal advice on how this will affect you.
No doubt luxury goods and services importer will start to re-price to show the below changes.
10% import surcharge on new private jets
39% surcharge on luxury yachts
5% surcharge on Luxury Cars
3% surcharge on imported champagnes, wines and spirits
1% Abuja mansion tax on residential properties with a value of ₦300000 and above
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