TWEET: Substituting VAT Hike With CST Commendable – Obaze

Unnamed.jpg

The Senate’s decision not to to endorse FGN’s proposed hike of VAT rates to 7.2% but to substitute it with a 9% Communications Service Tax (CST), is most commendable. Since communications is a niche sector, and certain scope of usage qualifies it for luxury item categorization, this is a welcome development. The CST Tax will apply to an array of communication services including Voice Calls, SMS, MMS, POS, Data, Internet and Pay Per View TV stations.” – Oseloka H. Obaze

Please share this:

Leave a Reply

Your email address will not be published. Required fields are marked *