Telecom: Federal Government Insists On Implementing 5% Tariff Hike On Calls, Data - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
August 12, 2022
Federal Ministry of Finance Budget and National Planning in a statement insisted that the tariff increment will go on despite resistance from Minister of Communication and Digital Economy Isa Ali Pantami.
It also maintained that the government will begin “the implementation of five percent excise duty tax on all voice calls, SMS and data services, in addition to the existing 7.5 percent Value Added Tax, VAT paid for goods and services across all sectors of the economy”.
Minister of Finance Budget and National Planning Zainab Ahmed made the disclosure at a stakeholders’ meeting organised by the Nigerian Communications Commission, NCC the telecoms industry regulator.
Zainab, who was represented by the Assistant Director, Tax Policy, Finance Ministry Musa Umar, explained that henceforth, the five percent excise duty will be collected by telecom operators and payment made to the federal government on a monthly basis, on or before 21st of every month.
The Minister, while reacting to Communication Minister’s resolve to resist the tariff hike, noted the five percent excise duty has been in the Finance Act 2020, but has never been implemented.