Connect with us

Hi, what are you looking for?

News

No Going Back on Tariff Hike on Calls, Data – FG

Despite huge criticisms from stakeholders and consumers, the Federal Government has said there is no going back on the proposed five percent tax hike on telephone calls and data, Daily Trust reports.

When the hike is implemented, Nigerians will pay 12.5 percent tax on calls and data. 7.5 percent being Value Added Tax currently being charged.

In a statement Mr. Tanko Yususa, media aide to Mrs. Zainab Ahmed, Minister of Finance, Budget and National Planning, said five percent excise duty on calls and data is a revenue driver for the government.

Yunusa said the minister gave the government’s position at a stakeholders’ meeting organised by the Nigerian Communications Commission (NCC).

Mrs. Ahmed, who was represented by the Assistant Director, Tax Policy, Federal Ministry of Finance, Budget and National Planning, Musa Umar, noted, “The five percent excise duty has been in the Finance Act 2020, but has never been implemented.

“Henceforth, the five percent excise duty will be collected by telecom operators and payment made to the federal government on a monthly basis, on or before 21st of every month” the minister indicated.

She insisted that there was a circular stating the planned hike which was addressed to the communication minister and other relevant ministries and agencies of government.

The circular Referenced No. F. 17417/VI/286 dated 1st March 2022, and titled “Approval for Implementation of the 2022 Fiscal Policy Measures and Tariff Amendments” was addressed to different Ministers, including Minister, Communications and Digital Economy and other heads of government agencies.

The circular was addressed to The Secretary To The Government of The Federation, Attorney-General of The Federation, Ministers of Industry, Trade an Investment, Agriculture and Rural development, Mines and Steel and Development.

____

Follow us on Twitter at @thesignalng

Copyright 2022 SIGNAL. Permission to use portions of this article is granted provided appropriate credits are given to  www.signalng.com and other relevant sources.

Click to comment

Leave a Reply

Your email address will not be published.

Advertisement

Related

News

The Senate yesterday directed the Federal Ministry of Communications and Digital Economy and the Nigerian Communications Commission (NCC) to direct all pay-tv providers to...

News

The House of Representatives yesterday invited the Accountant General of the Federation (AGF), Ahmed Idris and the Minister of Finance, Budget and National Planning,...

News

The Minister of Finance, Mrs Zainab Ahmed, has revealed how the Federal Government quietly removed the subsidy on electricity tariff. She said the government...

News

The minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has hinted that the executive arm of government is proposing an incremental removal...

Copyright ©