FG Suspends Proposed 5% Duty On Telecom Services

The Federal Government on Monday suspended the proposed five percent excise duty on telecommunications services.

The announcement was made by the Minister of Communications and Digital Economy, Prof Isa Pantami.

Pantami said the decision to suspend the tax was arrived at by stakeholders, asserting that the telecommunications sector already has challenges of multiple taxes.

The Minister made the announcement during the inaugural meeting of the Presidential Committee on Excise Duty for the Digital Economy Sector.

Details later…