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Telcos Express Worries Over Imminent Increase in Taxes, Levies

Editor by Editor
September 3, 2015
in Uncategorized
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  • The Association of Licensed Telecoms Operators of Nigeria (ALTON) have expressed concern about the amended Taxes and Levies Act 2015, recently approved by the federal government for collection among states and local governments.
  • The amended Act, which was signed by the former Coordinating Minister of the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, and gazetted as official document under the Federal Republic of Nigeria, on May 26, 2015 and obtained by the Lagos State Government on June 7, 2015, clearly stated the amended law on harmonisation of taxes and levies in states and local government, without fixing any particular rate.
  • ALTON has expressed fears that since the taxable rate was not fixed, it would give room for states and local government authorities, to arbitrary increase levies and taxes.
  • The Telecommunication operators  had been at loggerheads with all state governments, over what it described as indiscriminate imposition of taxes and levies across states, which it said, was affecting the growth of telecoms industry in the country.

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