Federal Government Suspends Proposed Tax on Phone Calls and Data.

todaySeptember 6, 2022 14

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The Federal Government has suspended the introduction of a five percent excise duty in the digital economy sector, which was earlier proposed by the Minister of Finance, Zainab Ahmed

The Minister of Communications and Digital Economy, Isa Pantami, who disclosed this in Abuja during the inauguration of a committee that would review the policy, said he personally rejected the policy and advised President Muhammadu Buhari against it in view of the effects it would have on the digital economy.

Pantami said the introduction of excise duty in the telecommunication and information and communications technology industry would endanger the successes already recorded within the industry, stressing that the ICT sector is currently over-burdened with multiple taxations both at the federal and state level.

A presidential committee on the review of the excise duty in digital economy has been inaugurated by the federal government, with Pantami as chairman and the Minister of Finance as a member.

Written by: urbanradio042

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