The Association of Licensed Telecoms Operators of Nigeria (ALTON) has warned telecom operators in the country that tough times await them in 2016, should the present administration continues with the current Tax and Levies Act 2015, which was signed by the former Minister of Finance during the Goodluck Jonathan administration, Dr. Ngozi Okonjo-Iweala.
The Executive Secretary of ALTON, Mr. Gbolahan Awonuga made the declaration at the quarterly seminar series of the Nigerian Information and Communications Technology Reporters Association (NITRA). Mr. Awonuga said the amended act, which contains the amended law on harmonisation of taxes and levies in states and local government, without any particular rate, would give the lower tiers of government more power to increase levies much to the detriment of the operators.
Recall that operators in Nigeria are already groaning under the burden of collection of multiple taxes by the three tiers of government. Mr. Awonuga said the law is threatening the economic impact of the nation’s sector, and called on the present administration to do something about it.
“The fact that the act does not fix the taxable rate poses big threat to telecoms industry I am afraid next year will be so tough for them,” he noted.