The Federal Government has announced that it has suspended the proposed five per cent excise duty on telecommunications services.
According to The Nation, this was announced by the Minister of Communications and Digital Economy, Prof Isa Pantami, in Abuja on Monday.
Pantami said the decision to suspend the tax was arrived at by stakeholders, asserting that the telecommunications sector already has challenges with multiple taxes.
The Minister made the announcement during the inaugural meeting of the Presidential Committee on Excise Duty for the Digital Economy Sector.
It would be recalled that the Federal Government had through the Budget Office of the Federation revealed that it will commence the implementation of its proposed excise duties on telecommunication services and beverages in 2023.