Purported Suspension of Implementation of Excise Duty on Telecommunications

Introduction:

The Finance Act, 2020, (FA) amended Section 21 of the Customs and Excise Tariff, etc. (Consolidation) Act to impose an excise duty of 5% on telecommunication services provided in Nigeria. In furtherance of this provision of the FA, the Federal Government had through the Ministry of Finance and the Nigerian Customs Service announced that it would begin implementation of the proposed 5% excise duties on telecommunication sometime in 2023.

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