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Punch Newspapers punchng.com 05 Aug, 2022 05:45 am

FG to generate N160bn from call, data taxes

FG to generate N160bn from call, data taxes
The Federal Government will generate about N160.46bn from excise duty on telecommunication services in 2023.

46bn from excise duty on telecommunication services in 2023.If the government implements its five per cent excise duty on telecom services, it will generate about N160.Recently, the Federal Government disclosed a plan to implement a 5 per cent excise duty on telecom services in the nation.This was revealed by the Minister of Finance Budget and National Planning, Zainab Ahmed, during a stakeholders’ forum on the implementation of excise duty on telecommunications services in Nigeria.

Ahmed, who spoke through the Assistant Chief Officer of the Ministry, Mr Frank Oshanipin, said the implementation of the excise duty was in a bid to increase the government’s revenue.Related News Pantami rejects new tax on calls, data Pantami kicks against new tax on calls, data At the forum, the finance minister disclosed that the tax would be implemented soon but doubts have since risen concerning whether the excise duty will be implemented at all.

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