The executive vice-chairman of the Nigerian Communications Commission (NCC), Aminu Maida, says President Bola Tinubu has removed the 5 per cent excise duty on telecommunications services.
According to him, the levy, which had been temporarily suspended, has now been scrapped under the new tax law.
“The excise duty, it was the 5 per cent or so, that is no longer there,” Maida told journalists in Abuja on Tuesday.
Continuing, he said, “Before it was suspended, but now the president has been magnanimous to remove it entirely. I was in a room when it was raised, and he said, no, we cannot put this on Nigerians. I was very pleased when the bills came out and we saw his words were followed through.”
On July 6, 2023, Tinubu signed four executive orders, including the suspension of the 5 percent excise tax on telecommunication services to ameliorate the negative impact of tax adjustments on businesses and ..Continue..Reading..
𝗙𝗼𝗹𝗹𝗼𝘄 𝗢𝘂𝗿 𝗪𝗵𝗮𝘁𝘀𝗔𝗽𝗽 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗧𝗼 𝗚𝗲𝘁 𝗟𝗮𝘁𝗲𝘀𝘁 𝗡𝗲𝘄𝘀 𝗔𝘀 𝗜𝘁'𝘀 𝗗𝗿𝗼𝗽!
