VATupdate

Share this post on

Communication Tax could overburden consumers – Experts

The 2019 version of the bill passed the first reading in the Senate last week and it proposes a 9.0% Communication Service Tax (CST) to replace the planned increase in VAT from 5.0% to 7.5% by the FG.

However, analysts at Afrinvest posited that the CST would overburden consumers who already bear 5.0% Value Added Tax (VAT) on telecommunications services.

Source: dailytrust.com.ng

Sponsors:

VAT news
VAT news

Advertisements:

  • AXWAY - VATupdate Banner