FG SUSPENDS 5% TELECOMS TAX ON CALLS, DATA

The Federal Government has suspended the proposed excise duty on telecommunication services.

The suspension was announced by the Minister of Communications and Digital Economy, Prof Isa Pantami, on Monday during the inaugural meeting of the Presidential Committee on Excise Duty for the Digital Economy Sector in Abuja.

According to the minister, the Information, Technology and Communication sector, especially the telecom industry, is already overburdened by excessive and multiple taxations, which will likely adversely affect the sector, if the government fails to take any precaution.