One of the communication taxes in Africa that The Government of Nigeria is thinking of introducing is worth 9%. This tax is to be disbursed by consumers of data, voice, MMS, SMS, & pay television services. According to reports this move’s a part of the efforts of authorities to catch up on the deficit of […]
One of the communication taxes in Africa that The Government of Nigeria is thinking of introducing is worth 9%. This tax is to be disbursed by consumers of data, voice, MMS, SMS, & pay television services. According to reports this move’s a part of the efforts of authorities to catch up on the deficit of the diminishing worth of crude oil worldwide.
Going by Communication Service Tax Bill of 2015:
Each and every Service user has got to shell out a service charge for utilizing communication service of each and every service provider.
Kehinde Adeolu, who is an eminent Economist, in an interview by ITWeb Africa had said that
PwC has commented on the proposed South Africa tax law. In this comment it had stated that on after this South Africa tax law is in effect it is going to be mandatory for each and every service provider to file tax returns on a monthly basis with Nigeria’s FIRS. All those who fail to comply with this will be levied strict penalties.
FIRS is that one thing, which is going to be responsible for the collection of this tax and its imbursement. It is also going to be responsible for any sort of interest and sentence into the country’s Federation Account.
On the other hand the responsibility of the Federal Government is going to be to see to the supervision and management of all funds. So, having a good deal of knowledge on this issue is of utmost importance.
It is written in the bill that each and every service provider is to file tax returns as well as pay the communication taxes in Africa due by the very last business day of a month that falls after the month that the payment relates to. Written in this bill is that all who fail to comply with the rules of this communication taxes in Africa are going to levied with stiff economic penalties.
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