More Woes For Nigerians As FG Imposes 5% Duty On Recharge Cards

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Naijanews May 5, 2022 9:27 a.m.

More Woes For Nigerians As FG Imposes 5% Duty On Recharge Cards

Section 21 (1) of the Act describes goods liable to excise duty as “Goods imported and those manufactured in Nigeria and specified in the first schedule of this Act shall be charged with duties of excise at the rate specified under the duty column in the Schedule.” Subsection 2 further added that “telecommunication services provided in Nigeria shall be charged with duties of excise at the rate specified under the duty column in the Schedule as the President may by Order prescribe pursuant to section 13 of this Act”..

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