National

Federal Government Suspends Proposed Tax on Phone Calls and Data.

todaySeptember 6, 2022 33

Background
share close

The Federal Government has suspended the introduction of a five percent excise duty in the digital economy sector, which was earlier proposed by the Minister of Finance, Zainab Ahmed

The Minister of Communications and Digital Economy, Isa Pantami, who disclosed this in Abuja during the inauguration of a committee that would review the policy, said he personally rejected the policy and advised President Muhammadu Buhari against it in view of the effects it would have on the digital economy.

Pantami said the introduction of excise duty in the telecommunication and information and communications technology industry would endanger the successes already recorded within the industry, stressing that the ICT sector is currently over-burdened with multiple taxations both at the federal and state level.

A presidential committee on the review of the excise duty in digital economy has been inaugurated by the federal government, with Pantami as chairman and the Minister of Finance as a member.

Written by: urbanradio042

Rate it

Previous post

Entertainment

Giddyfia, Diana and Deji evicted from BBNaija Season 7

Three housemates were yesterday evicted from the seventh Big Brother Naija reality show, with an exhilarating live eviction show, filled with twists and tension as all Level Up Housemates were up for possible evictions. After days in the House, Deji and Diana were evicted, making them the 9th and 10th housemates to be evicted from the Level Up game. Deji entered the house alongside Modella as a fake housemate to level things up in the […]

todaySeptember 5, 2022 43 1

Post comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0%