ALTON says 5% excise duty on telecom is burden lifted, but action needs to reduce 39 other taxes
Written by Olarotimi Oshin on July 7, 2023
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has said suspension of the five per cent excise duty on telecom services has taken away the burden of collections off telecom operators and the weight off subscribers, but there are more tax issues that need to be addressed by the government.
Chairman of the association, Gbenga Adebayo, noted that the issue of multiple taxation in the telecom industry has been a major challenge. According to him, telecom operators are currently paying a total of 39 taxes and levies, which need to be addressed by the Tinubu administration.
While noting that the government has acted responsibly by suspending the excise duty, Adebayo said the tax would have compounded the current woes of many Nigerians who are already battling with the increase in the price of several other products and services.
