Nigeria plans 9% consumer telecom tax to make up for oil

Nigeria plans 9% consumer telecom tax to make up for oil

The Nigerian government is planning to introduce a 9 percent communication service tax to be paid by consumers of voice, data, SMS, MMS and pay TV services, IT Web reported. The move is reportedly due to efforts by authorities to make up for the shortfall of the falling price of crude oil globally.

The Communication Service Tax Bill 2015 is currently before the National Assembly. All service providers are to file tax returns and pay the tax due not later than the last working day of the month immediately after the month to which the payment relates. Failure to comply with this provision will attract strict financial penalties on erring entities, the Bill stated.

Source: Telecom Paper

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