Government denies plans for new fuel or telecom taxes
The Federal Government has dismissed claims that it plans to introduce new taxes on telecommunications services and petroleum products. According to a statement from the Federal Ministry of Finance, the government clarified that recommendations from the IMF are not binding and do not reflect official policy. The ministry emphasized that any changes to tax policy would follow constitutional and legislative procedures. The government also assured citizens that existing tax waivers and repeals remain in effect.
TLDR
- The Federal Government says it is not considering new taxes on telecoms or petroleum products.
- Recommendations from the IMF Article IV Consultation Report are not binding on Nigeria.
- The Value Added Tax waiver on petroleum products remains in place and has not been withdrawn.
- The excise duty on telecommunications, introduced before 2023, has been repealed and is no longer applicable.
- The government urges the public to disregard reports about new taxes and promises to announce any future tax measures through official channels.
