- President Bola Tinubu abolished the 5 percent excise tax on telecom services on 19 August 2025
- The Nigerian Communications Commission confirmed the abolishment on 20 August 2025
- The tax was previously suspended in 2023 but faced attempts for reinstatement in 2024
- The abolition aims to improve affordability and service standards in the telecom sector
- The tax faced opposition from consumer advocacy groups and industry stakeholders
- Concerns included increased digital access costs and strain on telecom operators
Source: regfollower.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Nigeria"
- Examining VAT Taxation in Nigeria: Landmark Decisions and Implications for Federalism
- Nigeria Announces 2025 Tax Reforms and Duty-Free Import Updates
- Nigeria FIRS becomes a Peppol Authority
- Nigerian News Agency Announces New Regime Allowing VAT Credits on Assets
- Nigeria Introduces USD300 Duty-Free Threshold for Low-Value Imports Starting September 2025
