The Muhammadu Buhari-led Government has suspended the proposed tax on telecommunication services.
Isa Pantami, the Minister of Communications and Digital Economy made this known on Monday in Abuja.
Speaking at the inaugural meeting of the Presidential Committee on Excise Duty for the Digital Economy Sector, Pantami said the telecommunications sector is already overburdened by excessive and multiple taxations.
Recall that the government through the Budget Office of the Federation had earlier revealed that it would begin the implementation of its proposed excise duties on telecommunication services and beverages in 2023.
However, Pantami rejected the five per cent tax on telecom services, saying that the implementation of the tax would increase the cost of telecommunication services for Nigerians.
