Business Taxes & Duties Telecommunications

After 39 taxes, telcos reject FG’s fresh five per cent tax

Telecommunications companies have advised against the implementation of the 2022 Fiscal Policy Measures and Tariff Amendments, which demands five per cent as excise duty for services provided. They described the tax as insensitive, unfair, and capable of crippling the industry in the way and manner the oil industry has been crippled by different challenges. According Read More…

Business Telecommunications Top Story

Telcos withdraw shortcodes for bank transfers from Monday

An unresolved squabble between banks and Mobile Network Operators (MNOs) over accumulated service debt may cause consumers to stop enjoying the use of Unstructured Supplementary Service Data (USSD) codes otherwise known as shortcodes from Monday, 15th March. In a press statement issued by the MNOs under the umbrella of the Association of Licensed Telecommunications Operators Read More…