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ARTICLE · 19 DECEMBER 2022

Commentaries On The Excise Duty (Non-Alcoholic, Carbonated And Sweetened Beverages)...

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This was pursuant to her powers under Section 120 of the Customs and Excise Management Act Cap. C45 Laws of the Federation of Nigeria, 2004.

NigeriaFinance and Banking
Adewale Ajayi
Adewale Ajayi

On 12 September 2022, The Honourable Minister of Finance, Budget and National Planning ("the Minister"), Mrs. Zainab Shamsuna Ahmed, signed the Excise Duty (Non-alcoholic, Carbonated and Sweetened Beverages) Regulations, 2022 ("the Regulations"). This was pursuant to her powers under Section 120 of the Customs and Excise Management Act Cap. C45 Laws of the Federation of Nigeria, 2004 (CEMA). The Regulations were subsequently published by the Federal Government of Nigeria (FGN) in its Official Gazette No. 168, Vol.109 of 16 September 2022.

The Regulations were issued to provide guidance on the implementation of the excise duty of ?10 per litre on non-alcoholic, carbonated and sweetened beverages introduced by the Finance Act, 2021 to Section 21 of the Customs, Excise Tariffs, Etc. (Consolidation) Act (CETA). We draw your attention to our Finance Act, 2021: Impact Analysis for details.

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