Nigeria - A Nation of Taxes
Quote from Ndubuisi Ekekwe on October 4, 2019, 7:24 PMAnother tax is coming....communication services.
The Senate is set to reject the proposed 2.5% increase in the Value Added Tax (VAT) being planned by the Federal Government. Minister of Finance, Zainab Ahmad, had since given an indication of the increase from the current 5% to 7.5%.
In the alternative, the lawmakers are seeking a legislative action to impose a tax on Communication Services.
The Bill for an Act to establish the Communication Service Tax was formally introduced on the floor of the Senate on Wednesday by former Senate Leader, Ali Ndume.
Another tax is coming....communication services.
The Senate is set to reject the proposed 2.5% increase in the Value Added Tax (VAT) being planned by the Federal Government. Minister of Finance, Zainab Ahmad, had since given an indication of the increase from the current 5% to 7.5%.
In the alternative, the lawmakers are seeking a legislative action to impose a tax on Communication Services.
The Bill for an Act to establish the Communication Service Tax was formally introduced on the floor of the Senate on Wednesday by former Senate Leader, Ali Ndume.