The Federal Government has halted the proposed implementation of new telecoms taxation in the country beginning from next year.
FG to begin implementation of taxes on telecoms, beverage in 2023
It wi.bebrecalled that through the Budget Office of the Federation,the Ministry of Finance had earlier revealed that it would begin the implementation of its proposed telecommunication tax by 2023
Communications Minister,Isa Pantami has overuled Minister of finance, Zainab Shamsuna Ahmed when he conveyed new government policy reversal
Ahmed had said she would implement the 5 per cent tax on all voice calls, SMS and data services, which the Minister of Communications and Digital Economy, Isa Ali Pantami had kicked against.
Pantami stated the governments new position on Monday during the inaugural meeting of the Presidential Committee on Excise Duty for the Digital Economy Sector in Abuja, announced the suspension of the telecommunication tax.
According to the minister, the telecommunications sector is already overburdened by excessive and multiple taxations.
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.
