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
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