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Business News of Tuesday, 10 May 2022


Operators, don seek removal of 5% duty on recharge cards

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Telecom operators and a university don yesterday urged the Federal Government to rescind its decision on the introduction of five per cent exercise duty on recharge cards in the country.

The operators, acting under the aegis of the Association of Licensed Telecommunication Operators (ALTON), urged the Federal Government to remove “nuisance taxes” placed on operators in the sector.

Its Chairman, Gbenga Adebayo, who spoke yesterday on Sunrise Daily, a Channels Television programme, said the telecom sector has been over-taxed with all manners of spurious charges and levies.

Nuisance tax is a tax imposed as a percentage of the selling price of goods or services, payable by the customer and transmitted by the seller to the taxing authority.