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10 taxes Nigeria may have to consider introducing this year to recoup the $30bn revenue lost to the collapse of the crude oil market

May 17th, 2020 African News, Business, Headline, News, Nigerian, Politics, World comments

10 taxes Nigeria may have to consider introducing this year to recoup the $30bn revenue lost to the collapse of the crude oil market

By Ayo Akinfe

(1) An annual 30% tax of the value of every private jet in the country
(2) A 50% tithe tax compelling all clergymen to hand over half of all they receive in offerings
(3) A Dubai party tax that levies 50% of the value of any party Nigerians throw abroad
(4) An Owambe tax which attracts a flat fee of around N50,000 per party
(5) A luxury goods tax which attracts around N100,000 for all Gucci, Armani, Luis Vitton, etc products imported into the country
(6) A multiple car tax which charges an individual for owning more than one private car. The tax will add up to the average value of an extra car
(7) A multiple homes tax which will levy people for owning more than two homes. This will attract an annual fee of about N200,000
(8) An overseas health tax which attracts a minimum of N100,000 for health tourism per patient
(9) A head tie and agbada tax of about N500 which is payable by all adults who attend owambes
(10) An alumni tax payable by all old school associations whenever they organise gala dinners. This tax will specifically go towards funding education. This too will be a flat fee of maybe around N100,000 per party

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