The federal government has unveiled a fresh plan to introduce excise duty on telecoms’ airtime charges.
A statement issued by Reuters said Nigeria was considering introducing tariffs on airtime charges on telecoms as a way to boost revenue for the cash trapped Country.
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The report quoted the Director-General of the Budget Office of the Federation, Mr Ben Akabueze, as revealing this plan at a World Bank program where the need for the federal government to raise additional funds was discussed.
He said, “Last year, we found that 51 countries in Africa have air travel, so we are looking at the tax sector.
But in response, telcos under the auspices of the Association of Licensed Telecoms Operators of Nigeria (ALTON), have stepped up their opposition to the new scheme, saying it will lead to two taxes that have slowed the growth of telecoms in the past.
Responding to the statement made by Akabueze, ALTON President, Mr Gbenga Adebayo, said that since the intention to introduce the tariff tax on airfare does not keep company employees, telecom operators will think more than see how the federal government does. The government plans to introduce a tax on air travel.
He said the required tax would be double the tax because there is an additional tax (VAT) on all telecoms reimbursement.
He said: “It is clear that telecoms regulators have made the federal government want to introduce a long-term pay for telecoms tax. The role of product design is introduced in product manufacturing and is introduced when the government wants to reduce the availability of this type of product. The federal government wants to ban the import of credit cards into Nigeria to encourage television operators to use other means to sell airtime, such as high rates that do not require physical credit cards.
“For example, it would be sensible if the federal government decided to raise the tax on tobacco because it wanted to reduce tobacco in Nigeria due to health problems, but it would be where the government would go. introduce tax breaks during telecom broadcasts. ”
He added that the telecoms sector is still the only region that has not yet paid for services and airfare since the inception of the Global System for Mobile Communication (GSM) and warned against any attempt to introduce tariffs on telecoms. Will negatively affect telecoms. Service offerings across the network.
“The government should be careful not to introduce other responsibilities to telecoms operators,” Adebayo said.