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HomeEconomyNigeria suspends addition tax on telcom service

Nigeria suspends addition tax on telcom service

Prof. Isa Pantami, the minister of communications and digital economy, has suspended the proposed excise duty on telecommunication services.

The government had proposed an increase of 5 percent tax on telecommunication service.

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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