The Federal Government on Monday suspended the proposed excise duty which was to be imposed on telecommunication services.
This comes following an earlier announcement by the Federal Government that it would begin the implementation of its proposed excise duties on telecommunication services and beverages in 2023.
The new development was disclosed by the Minister of Communications and Digital Economy, Isa Pantami, who lamented that the telecommunications sector was already overburdened by excessive and multiple taxation.
Pantami spoke while addressing the Presidential Committee on Excise Duty for the Digital Economy Sector in Abuja.
The Minister, however, maintained that he is against the implementation of this tax, which would increase the cost of telecommunication services for Nigerians.
More to follow…
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