Tuesday, 30 August 2016

Federal Goverment to deduct 9% tax on calls and sms

The federal government is planning a nine percent tax on SMS, MMS, phone calls, and pay TV bills in Africa’s largest telecommunications market Nigeria.
Adebayo Shittu, minister of communications, had initially said the plan would fetch as much as N20 billion for the federal government on a monthly basis, translating to N240 billion in a year.
“I have been reliably informed that the projected earnings from this effort is over N20 billion every month, which is an attraction to the government for funding our budget deficits,” Shittu had said.

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