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VAT

Nigerians Complain on Twitter as Telcos Commence Charge of New 7.5% VAT on Data and Calls

VAT

Nigerians have taken to Twitter to complain as telecommunication companies commence charge of the new 7.5% Value Added Tax (VAT) on Data and Calls.

The 7.5% increase in VAT is one of the key features of the 2019 Finance Bill  President Muhammadu Buhari signed into law on January 13th,2020. The implementation of the new VAT started on February 1st, 2020.

The Association of Licensed Telecommunications Operators of Nigeria (ALTON) announced that it will start implementing the country’s new 7.5% Value Added Tax (VAT) increase beginning February 1 2020.

“Further to the assent of the Finance Bill by President Muhammadu Buhari…which reviewed the Value Added Tax from 5% to 7.5%, ALTON wishes to notify consumers that our members will begin applying the new rate on all purchased telecommunication products and services with effect from 1st of February 2020,” ALTON said in a statement jointly signed by its chairman Gbenga Adebayo and head of operations Gbolahan Awonuga.

Despite this, the application of the new 7.5% charge on data and calls has not gone down well with some Nigerians on Twitter.

 

However, other social media users have urged Nigerians to stop complaining because the amount the Federal Government is charging as VAT is one of the lowest in Africa.

 

Jiji Nigeria
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