{"id":35120,"date":"2019-10-08T12:29:00","date_gmt":"2019-10-08T11:29:00","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=35120"},"modified":"2019-10-08T12:29:00","modified_gmt":"2019-10-08T11:29:00","slug":"fowler-no-harm-in-introducing-communication-tax-nigerians-talk-a-lot-on-phone","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/fowler-no-harm-in-introducing-communication-tax-nigerians-talk-a-lot-on-phone\/","title":{"rendered":"Fowler: No Harm In Introducing Communication Tax, Nigerians Talk A Lot On Phone"},"content":{"rendered":"

Babatunde Fowler, chairman of the Federal Inland Revenue Service (FIRS), says there is no harm in introducing a communication tax.<\/p><\/blockquote>\n

Fowler made this known on Monday while speaking to TheCable on the sidelines of the ongoing Nigerian Economic Summit Group conference holding in Transcorp Hilton in Abuja.<\/p>\n

\u201cI will put it this way, Nigerians talk a lot on the phone; they even talk more than is required so for them to have capacity or revenue to talk that much, I don\u2019t see any harm in paying a little bit more to government,\u201d he said.<\/p>\n

\u201cWe compare ourselves to developing countries but Ghana introduced a 2% education tax and used it to fund their universities and that is why Nigerians are now going to university in Ghana. They didn\u2019t look for aid, they did it by themselves.\u201d<\/p>\n

At present, lawmakers are proposing a\u00a09% charge for using telecommunication services<\/strong><\/a>\u00a0in place of a 2.2% proposed increase in value-added tax being proposed by the federal executive council (FEC).<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

Explaining plans by the FIRS to introduce VAT on online transactions, Fowler said: \u201cAll we are saying is that those who use online facilities, we will give instructions to the banks that once they make the payment, they will just charge 5% VAT and remit it as an agent to FIRS.<\/p>\n

\u201cBy the VAT Act, the minister has the right to change the rate but this government, I believe wants to carry every stakeholder along including those in the house and explain to them that this increase is for the benefit of all Nigerians. And it will only apply to what I call privileged items like buying a car or lunch in an expensive restaurant. The money will help the state look after the needy among us.\u201d<\/p>\n

The federal government is making efforts to shore up revenue and improve the country\u2019s fiscal health.<\/p>\n

In his Independence Day speech, President Muhammadu Buhari said revenue-generating agencies that do not meet targets will be sanctioned.<\/p>\n","protected":false},"excerpt":{"rendered":"

Babatunde Fowler, chairman of the Federal Inland Revenue Service (FIRS), says there is no harm in introducing a communication tax.<\/p>\n","protected":false},"author":6,"featured_media":20726,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,1593,17,624],"tags":[6250],"coauthors":[2391],"class_list":["post-35120","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-metro","category-news","category-politics","tag-communication-tax"],"yoast_head":"\nFowler: No Harm In Introducing Communication Tax, Nigerians Talk A Lot On Phone - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/fowler-no-harm-in-introducing-communication-tax-nigerians-talk-a-lot-on-phone\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fowler: No Harm In Introducing Communication Tax, Nigerians Talk A Lot On Phone - 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