5% TAX: TELECOMS CONSUMERS HEAD FOR COURT

Telecommunication subscribers, under the aegis of the National Association of Telecoms Subscribers, have vowed to challenge the legitimacy of the proposed five per cent excise duty on telecoms services in court.

According to them, the excise duty on telecom services, which would translate to an extra five per cent consumption tax on calls, SMS, data, and other telecom services, was insensitive and would further impoverish consumers whose purchasing power had been weakened in recent times.

The President of the association, Adeolu Ogunbanjo, disclosed this while commenting on the recent allegation by the Ministry of Finance, Budget and National Planning that the Minister of Communications and Digital Economy was well aware of the inclusion of the five per cent excise duty on telecoms services.