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Saturday, October 1, 2022

#BREAKING: Buhari’s Government Suspends Proposed Telecoms Tax Increment

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The Federal Government under President Muhammadu Buhari has suspended the proposed increase in excise duty on telecommunication services.

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

Headlinenews.news had earlier reported that Nigerians will soon start paying more for data, phone calls, and others as federal government has prepared to increase excise duty on telecommunications services in Nigeria to 12.5%.

According to the minister, the telecommunications sector is already overburdened by excessive and multiple taxation.

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.

However, Pantami has maintained that he is against the implementation of this tax, which would increase the cost of telecommunication services for Nigerians.

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