Connect with us


Business

Taxes Will Be Levied On Every Loaf Of Bread In Kogi State

Published

on

The Kogi State government will introduce a new tax on every baked bread in the state, according to The Cable.

The Ministry of Commerce and Industry says the tax will help increase domestic revenue.

However, the state bakery association said they do not support the tax.

A senior member of the group known as Godfirst said they were planning to meet with those responsible for collecting the money.

Godfirst said they have received a notice from the ministry that taxes have been imposed “each loaf of bread” produced.

“The letter was sent to us that a consultant has been given the job to generate fund from bakery to state government; to generate revenue to (for the) state government,” he said.

“We are trying to meet with the consultant but we have not been able to meet with him. We want to meet with him to give us more explanation.”

He said bakery owners were suffering from the high cost of living caused by the Korona epidemic so they could not comply with the order.

“We are not happy about it, presently there is no market. We are facing different types of challenges, and if they are now asking us to pay another tax, we don’t know how we can cope,” he said.

Source: Naija News