FG suspends proposed 5% excise duty on telecom services – Pantami

President Muhammadu Buhari has approved the immediate suspension of the proposed excise duty on telecommunications services in Nigeria.

The Minister of Communications and Digital Economy, Dr. Isa Pantami, announced this yesterday, during the inaugural meeting of the Presidential Committee on Excise Duty for the Digital Economy sector, in Abuja.

The minister said the sector is already overburdened by excessive and multiple taxations and faulted the Government’s plan to implement the tax.

Recall that there had earlier been reports that Nigerians may soon start paying more for data, phone calls, and others, as the Federal Government has prepared to increase excise duty on telecommunications services to 12.5%.

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