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Tax increase on the cards to curb piracy

07 March 2014, 08:27Henry Ifeanyi

Lagos - The Nigeria Copyrights Commission (NCC) said all importers and local manufacturers of electronic products capable of being used in piracy would beginning later this year  pay an additional two percent tax levy on such products.

Officials said this was part of efforts to eliminate the menace of piracy in the country.

The commission said the new  tax levy, which government has approved, was designed to compensate the right owners for envisaged infringement.

NCC Director of Public Affairs, Aderemi Adewusi, said the electronic products on which the new tax levy would be  imposed include mobile phones, computers, software, cameras, photocopy machines,  printing machines and compact disc players.

Adewusi said the levy would generally apply to such products that were imported into the country or are manufactured within the shores of the country.

“The levy order is applicable to all imported materials used or capable of being used to infringe copyright in a work, both imported and manufactured in the country, and it is designed to compensate the right owners for the envisaged infringement. It is one of the commission’s ways of generating income for the government, stakeholders and the commission. The levy was approved after due consultation with stakeholders who have expressed satisfaction and appreciation over the levy order,” he said.

Adewusi added that the commission is already deliberating with the Nigeria Customs Service (NCS) on how to enforce the new tax levy, which will take effect before the third quarter of the year.

– CAJ News

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