Nigerians to pay more for call, SMS, and data services as FG announces 5% increase in tax
The Federal Government is set to slam a five per cent tax inclusive excise duty on telecommunications services in Nigeria.
This means that telecommunication subscribers would pay 12.5 per cent tax on all telecommunications services including calls, SMS and data services.
The Minister of Finance Budget and National Planning, Zainab Ahmed, said this in Abuja on Thursday, July 28.
The News Agency of Nigeria (NAN) reports that the five per cent will be added to the already existing 7.5 per cent Value Added Tax (VAT) on telecommunications services.
It is public knowledge that our revenue cannot run our financial obligations, so we are to shift our attention to non oil revenue. The responsibility of generating revenue to run government lies with us all,” she said.