Nigeria’s Imposition of Excise Tax on Phone Calls, Text Messages and Data Usage – Implications on Businesses

In 2020, the VAT on telecom services was raised from 5% to 7.5%. So, with the new excise tax,  the total tax bill will become 12.5%.

This newsletter highlights other concerns about the new tax and clarifies its effects on businesses in Nigeria. To read the entire article. 

Source: templars-law.com