FG SUSPENDS PROPOSED TELECOMS TAX

Written by on September 5, 2022

The Federal Government has suspended the proposed excise duty on telecommunication services.

The suspension was announced by the Minister of Communications and Digital Economy, ISA PANTAMI during the inaugural meeting of the Presidential Committee on Excise Duty for the Digital Economy Sector in Abuja.

You would recall that the Federal Government through the Budget Office of the Federation had earlier revealed that it would begin the implementation of its proposed excise duties on telecommunication services and beverages in 2023.

The minister however noted that the telecommunications sector is already overburdened by excessive and multiple taxations, adding that he is against the implementation of the tax which would increase the cost of telecommunication services for Nigerians.

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