FG TO IMPLEMENT TELECOMS, BEVERAGE TAXES IN 2023
August 8, 2022.
The federal government through the budget office of the federation has said it will begin the implementation of its proposed excise duties on telecommunication services and beverages in 2023 despite the agitation by communications and digital economy minister Isa Pantami, and the Manufacturers Association of Nigeria.
Pantami had during the maiden edition of the Nigerian telecommunications indigenous content expo organised by the Nigeria office for developing the indigenous telecom sector, slammed the five per cent tax on telecoms services saying communications and digital economy ministry is not satisfied with any effort to introduce excise duty on telecommunication services.
The budget office of the federation, under finance, budget and national planning, ministry says its plan contained in its ‘2023 – 2025 medium term expenditure framework and fiscal strategy paper,’ released last Friday is in a bid to boost its non-oil revenue streams as it is expected the excise duty revenue will grow exponentially because of the introduction of telecoms service charge.