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Telecom Subscribers To Pay 5% Tax On Calls, Text, Data by ijustdey: 8:07am On Jul 29, 2022
• NCC engages stakeholders on implementation

• ATCON, others fault 5% excise duty on telecommunications


By Nkechi Onyedika-Ugoeze, Abuja


The Federal Government has disclosed that telecommunications subscribers would pay five per cent tax on calls, SMS and data services.

Meanwhile, stakeholders in the industry have expressed dissatisfaction over government’s resolve to implement five per cent excise duty on all telecommunications services in Nigeria.

Speaking in Abuja yesterday at the Stakeholders Consultative Forum on Implementation of Excise Duty, the Executive Secretary, Association of Telecommunications Companies of Nigeria (ATCON), Ajibola Olude, said taking cognizance of the hardship in Nigeria at a time like this, the government should rescind its decision to implement the five per cent excise duty on telecommunications operators.

He said government should channel its resources to other sectors to diversify the economy.

“What I am saying is that the proposed excise duty on all telecommunications companies is badly intended by the Ministry of Finance and National Planning and Nigeria Customs. And the current state of Nigerian communication is so bad that only about 756 Internet Service Providers (ISPs) were registered but only 10 is active because of issues of forex. Since it is coming from the Ministry of Finance, I think they should understand that currently Nigeria is faced with inflationary pressure, which is 18 per cent now. If you add this increase, the level of inflationary pressure will come to 19 or 20 per cent. And this will further increase the level of poverty in the country. So, if you are going to pass this to Nigerians that are already burdened by the hardship in the country, this is not the best time to do so.

“For me, it is not something they should embark upon. It is something they should turn down and leave the country as it is. Nigerians won’t be able to pay this.

“And another direct effect is that it will lessen investment. As a matter of fact, the Foreign Direct Investment (FDI) or Capital Importation will go down because this is a further leakage. It is not just good and I think the best thing the government should do is to develop other sectors.

“They have been collecting tax from the people, they should channel it to steel industry, manufacturing and so many other sectors. That is diversification of fund. It is not something they should implement now. They should consider it and change their decision,” he said.

On his part, Chairman of the Association of Licensed Telecoms Operators of Nigeria (ALTON), Gbenga Adebayo, insisted that the new tax burden would be passed to subscribers.

According to him, “it is a strange move, it appears a bit unusual. Excise duty is supposed to be apportioned to goods and products, but we are surprised this is on services. We will continue to support government but ALTON won’t be able to subsidise this on behalf of subscribers in addition to the 7.5 per cent VAT, making it 12.5 per cent payable by subscribers to the Federal Government.

“We currently pay a lot of taxes, running into 39 of them, so we can’t add more to the existing burden. We won’t be able to absorb this on behalf of subscribers.”

Speaking at the event, the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, urged stakeholders to support the implementation of the five per cent excise duty on telecommunications services.

Zainab, represented by the Assistant Director, Tax and Policy, Mr Musa Umar, appreciated Nigeria Communications Commission (NCC) for providing the platform to increase Nigeria’s revenue generation.

She highlighted that countries in Africa like Malawi, Uganda, Tanzania and others have all keyed into this revenue generation pattern, emphasizing that this is needed to change Nigeria’s economic situation for good.

“The issue of revenue is not something we need to shy away from, our revenue can no longer take care of our needs as a country. Also, Nigeria is no longer making enough money in oil revenue, hence the attention is shifting to non-oil revenue sectors, he said”

The Minister explained that the government is committed to implementing the regulation in a seamless manner, which will not affect Nigerians.

Earlier, Executive Vice Chairman, NCC, Prof. Garba Umaru, who was represented by the Executive Commissioner, Stakeholders Management, Adeleke Adewolu, said that the meeting was to engage industry stakeholders and Federal Government agencies on the implementation of excise duty to ensure the framework address the Nigerian telecommunications sector.

“The Commission is here to ensure that the Federal Government implements this initiative, which will help the government to fund the national budget,” he said.

Also, an Assistant Director and Chief Administrative Officer in the Ministry of Budget and National Planning, Frank Oshanipin, said the move to implement the five per cent excise duty was due to dwindling oil revenue.

“We are not making as much revenue as we are supposed to make and that is why we are channeling our attention to non oil revenue. What we are doing here today is the best thing that can happen to our country. We are trying to see how we can implement the five per cent excise duty in a way it will not affect any of us, he said”

https://guardian.ng/technology/telecoms/fg-telecom-subscribers-to-pay-5-tax-on-call-text-data/

2 Likes 4 Shares

Re: Telecom Subscribers To Pay 5% Tax On Calls, Text, Data by gracealonev: 8:23am On Jul 29, 2022
As bad and ruthless as Abacha was, he had feelings for the welfare of the citizens more than Buhari and APC.

Abacha reduced company income tax from 45% to 30% among other major reliefs.

I know the next thing APC will target is to increase corporate tax rate even after pushing the manufacturing sector down on its face

239 Likes 17 Shares

Re: Telecom Subscribers To Pay 5% Tax On Calls, Text, Data by dawnomike(m): 8:25am On Jul 29, 2022
6 These people are just bent on milking Nigerians dry...

92 Likes 4 Shares

Re: Telecom Subscribers To Pay 5% Tax On Calls, Text, Data by Iremchris: 8:26am On Jul 29, 2022
Ok

1 Like

Re: Telecom Subscribers To Pay 5% Tax On Calls, Text, Data by nony43(m): 8:26am On Jul 29, 2022
Make una kuku kill us. You guys will just wake up every morning and look for ways to extort Nigerians.

Have you guys ever put a smile on our faces?

90 Likes 7 Shares

Re: Telecom Subscribers To Pay 5% Tax On Calls, Text, Data by BigDawsNet: 8:26am On Jul 29, 2022
A political promise today means another tax tomorrow

42 Likes 2 Shares

Re: Telecom Subscribers To Pay 5% Tax On Calls, Text, Data by staadiaam: 8:27am On Jul 29, 2022
Every Attempt To Convert Aso Rock To Retirement Home For The Elderly & Sick , We Cancel & Destroy it Jesus Name

234 Likes 14 Shares

Re: Telecom Subscribers To Pay 5% Tax On Calls, Text, Data by Parachoko: 8:27am On Jul 29, 2022
How many tax we wan dey pay sef? This is unacceptable.


It should be rejected

23 Likes 2 Shares

Re: Telecom Subscribers To Pay 5% Tax On Calls, Text, Data by KUNZEH(m): 8:27am On Jul 29, 2022
Nawa o
Re: Telecom Subscribers To Pay 5% Tax On Calls, Text, Data by LeeSantos(m): 8:27am On Jul 29, 2022
This is another 5% increase in one year.
Total 10%.
Bank: Debit and credit transactions, they remove tax
Telecommunications: customers have also being bearing bank charges
Now this.
All of this just for the new AGF to steal another ₦80b

59 Likes 3 Shares

Re: Telecom Subscribers To Pay 5% Tax On Calls, Text, Data by gambia(m): 8:27am On Jul 29, 2022
From top to bottom, by the time Buhari is done with Nigerians even their zombies will prefer to migrate to somalia.

64 Likes 3 Shares

Re: Telecom Subscribers To Pay 5% Tax On Calls, Text, Data by Richieniit: 8:27am On Jul 29, 2022
ijustdey:
• NCC engages stakeholders on implementation

• ATCON, others fault 5% excise duty on telecommunications




https://guardian.ng/technology/telecoms/fg-telecom-subscribers-to-pay-5-tax-on-call-text-data/

Them don finish this country patapata angry

15 Likes 3 Shares

Re: Telecom Subscribers To Pay 5% Tax On Calls, Text, Data by halaqasa: 8:27am On Jul 29, 2022
Iku pah yin

5 Likes 2 Shares

Re: Telecom Subscribers To Pay 5% Tax On Calls, Text, Data by jojothaiv(m): 8:27am On Jul 29, 2022
gracealonev:
As bad and ruthless as Abacha was, he had feelings for the welfare of the citizens more than Buhari and APC.

Abacha reduced company income tax from 45% to 30%. He removed the excise duties on non-alcoholic beverage drinks which Buhari brought back recently.

I know the next thing APC will target is to increase corporate tax rate even after pushing the manufacturing sector down on its face

13 Likes 2 Shares

Re: Telecom Subscribers To Pay 5% Tax On Calls, Text, Data by elsiusgr8t(m): 8:27am On Jul 29, 2022
The problem is not paying the taxes, but paying it to a failed government like that of Buhari and APC

36 Likes 2 Shares

Re: Telecom Subscribers To Pay 5% Tax On Calls, Text, Data by Sheriman(m): 8:27am On Jul 29, 2022
Finally, Buhari government kuku want to end our lives in this country

14 Likes 2 Shares

Re: Telecom Subscribers To Pay 5% Tax On Calls, Text, Data by luminouz(m): 8:27am On Jul 29, 2022
Kuku collect my phone na!!! undecided


You will soon put tax on the oxygen we breathe. People with big noses like me wey dey inhale wella, go just breathe once a day na!!


Shuuuu!!!

54 Likes 6 Shares

Re: Telecom Subscribers To Pay 5% Tax On Calls, Text, Data by GoooodHardDick: 8:27am On Jul 29, 2022
By the time this government is done with Nigeria una eyes go clear!

However, Tinubu urchins know that PETER OBI is your next President

You can relocate to Iran after the election.

20 Likes 1 Share

Re: Telecom Subscribers To Pay 5% Tax On Calls, Text, Data by JoshTrillions(m): 8:28am On Jul 29, 2022
J
Re: Telecom Subscribers To Pay 5% Tax On Calls, Text, Data by sonnie10: 8:28am On Jul 29, 2022
APC government!
Re: Telecom Subscribers To Pay 5% Tax On Calls, Text, Data by od501: 8:28am On Jul 29, 2022
ijustdey:
• NCC engages stakeholders on implementation

• ATCON, others fault 5% excise duty on telecommunications


https://guardian.ng/technology/telecoms/fg-telecom-subscribers-to-pay-5-tax-on-call-text-data/

They are not yet finished with us ...lol

3 Likes 2 Shares

Re: Telecom Subscribers To Pay 5% Tax On Calls, Text, Data by Manny21: 8:28am On Jul 29, 2022
Another banger from the stable of a clueless administration

12 Likes 2 Shares

Re: Telecom Subscribers To Pay 5% Tax On Calls, Text, Data by harmargedon: 8:28am On Jul 29, 2022
grin grin grin grin grin
Re: Telecom Subscribers To Pay 5% Tax On Calls, Text, Data by Huracan(m): 8:29am On Jul 29, 2022
This is ridiculous! No wonder our airtime no dey last again....vote for APC grin

3 Likes 1 Share

Re: Telecom Subscribers To Pay 5% Tax On Calls, Text, Data by Akinsete19(m): 8:29am On Jul 29, 2022
Omo


Nigeria is a very useless country

9 Likes 2 Shares

Re: Telecom Subscribers To Pay 5% Tax On Calls, Text, Data by artworks1: 8:29am On Jul 29, 2022
Is it so hard for us to come out en mass and challenge these criminals?

14 Likes 2 Shares

Re: Telecom Subscribers To Pay 5% Tax On Calls, Text, Data by Moscodee1990(m): 8:29am On Jul 29, 2022
That's crazy

1 Like 1 Share

Re: Telecom Subscribers To Pay 5% Tax On Calls, Text, Data by Brendaniel: 8:29am On Jul 29, 2022
Parachoko:
How many tax we wan dey pay sef? This is unacceptable.


It should be rejected

Is it not your people that you support, I thought according to you guys APC is the best thing that happened to Nigeria, abi you guys are not more collecting stipends or your needs are no longer subsidized, So Nigeria is not more Canada extension because of Buhari, you guys will know the truth but will not to support the truth the same way you guys are supporting Tinubu now, you know he is very wrong candidate but for whatever reason you will keep supporting then start complaining...

12 Likes 2 Shares

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