NASS moves to reintroduce 5% excise duty on telecom, betting services
The National Assembly is devising to reinstate a 5% excise duty on telecommunications and betting services in Nigeria, despite the previous exemption granted to the telecom sector by former President Muhammadu Buhari. The proposal seeks to impose the excise duty on telecommunications services, gaming, betting, and lottery activities throughout the country. This reinstatement follows President Bola Tinubu’s executive orders on July 6, 2023, which included a suspension of the 5% […]
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