Nigerians to Pay More for Phone Calls and Data in New FG Tax - See How Much
The announcement was made by Zainab Ahmed, Minister of Finance, Budget, and National Planning, on Thursday, July 28, at a stakeholders' forum on the implementation of excise duty on telecommunications services in Nigeria.
Speaking at an event organized by the Nigerian Communications Commission (NCC), Ahmed, who was represented by the Ministry's Assistant Chief Officer, Frank Oshanipin, stated that the 5% excise duty was included in the Finance Act 2020 but was not implemented.
According to the Minister, the delay in implementation was caused by the government's engagement with stakeholders.
She said;
“Payments are to be made on monthly basis, on or before 21st of every month.
“The duty rate was not captured in the Act because it is the responsibility of the president to fix rate on excise duties and he has fixed five per cent for telecommunication services which include GSM.
“It is public knowledge that our revenue cannot run our financial obligations, so we are to shift our attention to non oil revenue.
“The responsibility of generating revenue to run government lies with us all.”
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