Tinubu Suspends 5% Telecoms Tax, Defers Finance Act To Sept 1 - Politics (2)

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Tinubu Suspends 5% Telecoms Tax, Defers Finance Act To Sept 1 - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Tinubu Suspends 5% Telecoms Tax, Defers Finance Act To Sept 1 (15017 Views)

Supreme Court Adjourns Nnamdi Kanu’s Case To Sept 14 / President Buhari Suspends 5% Tax Levy On Telecom Sector / Running Mates: APC Defers To Tinubu, Wike May Emerge As Atiku’s VP (2) (3) (4)

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Re: Tinubu Suspends 5% Telecoms Tax, Defers Finance Act To Sept 1 by Ishilove: 1:25pm On Jul 06, 2023

MichaelSokoto:

renewed shégé don reach ya side too?

Everybody dey feel am

2 Likes

Re: Tinubu Suspends 5% Telecoms Tax, Defers Finance Act To Sept 1 by rajiedreez: 1:39pm On Jul 06, 2023

No o

Re: Tinubu Suspends 5% Telecoms Tax, Defers Finance Act To Sept 1 by Kukutenla: 1:42pm On Jul 06, 2023

iwaeda:

https://www.thecable.ng/breaking-tinubu-suspends-5-telecoms-tax-defers-finance-act-to-sept-1/amp

I've just been informed that Buhari's govt actually suspended the tax. So which one did Tinubu suspend?

1 Like

Re: Tinubu Suspends 5% Telecoms Tax, Defers Finance Act To Sept 1 by Kukutenla: 1:44pm On Jul 06, 2023

Nbote:
This govt is already proving to be professionals at propaganda and selling Nigerians Lies upon lies Lol.. They are announcing suspending the Telecoms Excise tax in the meantime to reintroduce it in September but the irony is that the previous govt already exempted Telecoms from the tax. A govt that has imposed 7.5 VAT percent tax, increased electricity tariffs, removed subsidies on Education, Petrol and Electricity announcing this suspension now but the real intention is to bring it back in September lol

This is how he ran Lagos. With lies and propaganda. They are never tired

3 Likes

Re: Tinubu Suspends 5% Telecoms Tax, Defers Finance Act To Sept 1 by BHG1: 1:53pm On Jul 06, 2023

Tinubu Signs Executive Orders To Curb Arbitrary Taxation Policies https://www.bhginfodesks.com/2023/07/tinubu-signs-executive-orders-to-curb.html

Kukutenla:

I've just been informed that Buhari's govt actually suspended the tax. So which one did Tinubu suspend?

1 Like

Re: Tinubu Suspends 5% Telecoms Tax, Defers Finance Act To Sept 1 by slowice(m): 1:57pm On Jul 06, 2023

They postponed the renewed shege banza to September..... Meaning, shege is coming grin

But it will favor me and my family grin

..... According to urchiins grin

2 Likes 1 Share

Re: Tinubu Suspends 5% Telecoms Tax, Defers Finance Act To Sept 1 by Igwe9(m): 2:01pm On Jul 06, 2023

it seems like Tinubu men read our posts on here. that's good of him

Re: Tinubu Suspends 5% Telecoms Tax, Defers Finance Act To Sept 1 by IyaTola: 2:20pm On Jul 06, 2023

Nigeria’s President Bola Tinubu
Signs Executive Orders To Ease Tax Burden on Businesses

Special adviser to the president on Special duties, communications and startegy Dele Alake, briefed the media on the following:

To address concerns raised by manufacturers and other stakeholders regarding recent tax changes, President Bola Tinubu has signed 4 executive orders:

1 - The Finance Act Order, 2023, which defers the commencement date of the changes contained in the Act from May 23, 2023, to September 1, 2023.

2 - Customs Excise Tariff Amendment Order, 2023, shifts the commencement date of tax changes from March 27, 2023, to August 1, 2023.

3 - Suspension of the 5% Excise Tax on telecommunication services and excise duty on locally produced produts.

4 - Suspension of the newly introduced Green Tax on Single Use Plastics and the Import Tax Adjustment levy on certain vehicles.

Re: Tinubu Suspends 5% Telecoms Tax, Defers Finance Act To Sept 1 by Reelz: 2:20pm On Jul 06, 2023

Makes no difference.. you won't even feel it rather the cost of those stuffs will be increased.. watch n see..

Re: Tinubu Suspends 5% Telecoms Tax, Defers Finance Act To Sept 1 by TemplarLandry: 2:23pm On Jul 06, 2023

Babe calm down.

Ishilove:

Which useless renewed hope?? Custom duty ex rate is now 771. Meanwhile it rose from 422 to 589 two weeks ago. Now yesterday it rose again to 771 and you are telling us about renewed hope. Stay there and be fooling yourself

1 Like

Re: Tinubu Suspends 5% Telecoms Tax, Defers Finance Act To Sept 1 by ncoolsome(m): 2:30pm On Jul 06, 2023

Babzrockman:
He can do better. But this is a smart move. Government cannot afford to increase the suffering of the masses.

Just till after the presidential electorial petition tribunal..

Re: Tinubu Suspends 5% Telecoms Tax, Defers Finance Act To Sept 1 by Jones4190(m): 2:39pm On Jul 06, 2023

tinubu should suspend bank charges too

Re: Tinubu Suspends 5% Telecoms Tax, Defers Finance Act To Sept 1 by NinjaMetahuman: 3:16pm On Jul 06, 2023

Why till September?

Don't even talk about it till next year. Especially taxing Telecoms that have already been over taxed already.

Give people enough time to breathe and assimilate into no subsidy regime before compounding their problems.

Re: Tinubu Suspends 5% Telecoms Tax, Defers Finance Act To Sept 1 by Menclothing: 3:53pm On Jul 06, 2023

The nation will be great

Dm for men clothes

Re: Tinubu Suspends 5% Telecoms Tax, Defers Finance Act To Sept 1 by Cromagnon: 4:09pm On Jul 06, 2023

Racoon:
Still postponing the evils of days of fleecing the poor with tax, tax, and more taxes. Meanwhile, he keeps saying let the poor breath.

Shebi the poor thought they would fleece the rich by voting for taxes?
Den go chop breakfast Belefull

1 Like

Re: Tinubu Suspends 5% Telecoms Tax, Defers Finance Act To Sept 1 by Nobody: 4:40pm On Jul 06, 2023

TemplarLandry:
#RenewedHope.

suspended.

Re: Tinubu Suspends 5% Telecoms Tax, Defers Finance Act To Sept 1 by ThierryJay: 4:48pm On Jul 06, 2023

Nbote:
This govt is already proving to be professionals at propaganda and selling Nigerians Lies upon lies Lol.. They are announcing suspending the Telecoms Excise tax in the meantime to reintroduce it in September but the irony is that the previous govt already exempted Telecoms from the tax. A govt that has imposed 7.5 VAT percent tax, increased electricity tariffs, removed subsidies on Education, Petrol and Electricity announcing this suspension now but the real intention is to bring it back in September lol

Nah you are not updated on this. The Finance Act which Buhari signed on 28th May 2023 reintroduced the 5% excise tax on telecommunication services and is already in force as at today.

It is that Finance Act that has now been deferred to 1 September 2023, so the telecommunications excise tax too is either deferred till then or suspended outright depending on legal interpretation.

1 Like

Re: Tinubu Suspends 5% Telecoms Tax, Defers Finance Act To Sept 1 by benjaminlawson(m): 4:59pm On Jul 06, 2023

He only postpone our suffering just for some weeks, he dear not challenge the foreign organisation that command him to do so. But when the same foreign bodies challenged the legitimade of government due to fraud electoral process, they now wake up to defend sovereignty of our nation, but inflicting pains on Nigeria they are right and can meddled to our affairs.

Re: Tinubu Suspends 5% Telecoms Tax, Defers Finance Act To Sept 1 by Greattie08: 5:00pm On Jul 06, 2023

Essenza01:

What have they been doing since?...

Guy, alm down now! He just a month old as President nahhh, the rebuilding process is just a step-by-step to rebuild what has been destroyed by Emefiele and the rest...

1 Like

Re: Tinubu Suspends 5% Telecoms Tax, Defers Finance Act To Sept 1 by Mubiola360: 5:45pm On Jul 06, 2023

Nbote:
This govt is already proving to be professionals at propaganda and selling Nigerians Lies upon lies Lol.. They are announcing suspending the Telecoms Excise tax in the meantime to reintroduce it in September but the irony is that the previous govt already exempted Telecoms from the tax. A govt that has imposed 7.5 VAT percent tax, increased electricity tariffs, removed subsidies on Education, Petrol and Electricity announcing this suspension now but the real intention is to bring it back in September lol

Despite Buhari signings, did we see the effect? Guy, that one was the propaganda ,this is the real

1 Like

Re: Tinubu Suspends 5% Telecoms Tax, Defers Finance Act To Sept 1 by Mase2020g(m): 5:57pm On Jul 06, 2023

MTN wan Kee pereon

Re: Tinubu Suspends 5% Telecoms Tax, Defers Finance Act To Sept 1 by BHG1: 10:59am On Jul 07, 2023

Latest Israeli Raid: At Least Two Palestinians Killed In Nablus https://www.bhginfodesks.com/2023/07/latest-israeli-raid-at-least-two.html

BHG1:
Tinubu Signs Executive Orders To Curb Arbitrary Taxation Policies https://www.bhginfodesks.com/2023/07/tinubu-signs-executive-orders-to-curb.html

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