NLC rejects FG’s tax on carbonated drinks, says government to lose N197 billion in taxes
The Nigeria Labour Congress (NLC) has asked the federal government to halt its plans to reintroduce excise tax on locally produced non-alcoholic and carbonated drinks. This is as the labour union has warned that the beverage sub-sector will be losing sales revenue of about N1.9 trillion as well as Company Income Tax, VAT and Tertiary…