Will you be willing to pay tax on calls you make, text messages you send, or even on your browsing data? The Federal government is considering a bill called the Communication Service Tax CST bill. This is what the Minister of Communication, Bayo Shittu, disclosed recently at an event.
The bill seeks to levy 9% on telecom subscribers while they use the various communication services. This covers voice calls, SMS, MMS, Data and even Pay TV Stations. At an event organised by LCCI (Lagos Chambers of Commerce and Industry), the Minister insisted that the bill is subject to further deliberation, before it is vetted by the President.
A long list of people (including me) are against this paying tax bill. The bill is considered, because it will generate more revenue for the Federal Government. On the contrary, this will negatively affect the Nigerian telecommunications sector. The country is experiencing tough economic hardship. Increased taxation will reduce the consumption pattern of consumers. What do you think of this move by the Federal Government? Your thoughts.