FG suspends proposed five percent duty on telecom services

By our Reporter

The Federal Government has suspended the proposed five percent excise duty on telecommunications services.

Mr Isa Pantami, Minister of Communications and Digital Economy, announced the suspension in Abuja on Monday.

Pantami said the decision to suspend the tax was arrived at by stakeholders, asserting that the telecommunications sector already has challenges of multiple taxes.

The Minister made the announcement during the inaugural meeting of the Presidential Committee on Excise Duty for the Digital Economy Sector.

Leave a Reply

Your email address will not be published. Required fields are marked *