Tue. Sep 6th, 2022

FEDERAL GOVERNMENT SUSPENDS PROPOSED EXERCISE DUTY ON DIGITAL ECONOMY.

The Federal Government has suspended the introduction of five percent exercise duty in the digital economy sector.

The Minister of Communications and Digital Economy, Isa Pantami who disclosed this in Abuja during the inauguration of a committee that will review the policy said the tax was earlier proposed by the Minister Finance.

Mr. Pantami said he personally rejected the policy and advised President Muhammadu Buhari against it in view of the effects it would have on the digital economy .

He noted that the introduction of the exercise duty in the Telecommunication Information and Communications Technology Industry would jeopardize the successes already recorded within the Industry .

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