The Federal Government’s decision to raise the overall consumption tax on telecom services to 12.5% is illtimed, according to the National Association of Telecoms Subscribers, which represents Nigerian telecom users. The association claims that many Nigerians are already in poverty as a result of the country’s difficult economic situation, and that an additional tax on telecom users will make matters worse given that everyone needs access to telecom services. At a stakeholders’ forum on the application of excise duty on telecommunications services in Nigeria on Thursday, the Federal Government announced plans to impose a 5% excise duty tax on telecoms services. At the forum, which was organized by the Nigerian Communications Commission, the Minister of Finance, Budget, and National Planning, Zainab Ahmed, said this Ahmed, who was represented by the Assistant Chief Officer of the Ministry, Mr Frank Oshanipin, said the five per cent excise duty was in the Finance Act, 2020 but had not been implemented. She said, “Payments are to be made on monthly basis, on or before 21st of every … Continue reading Telecom Agencies Disagree As FG Plans 12.5% Call Tax