One of the unique features of the second Finance Act 2020 (FA2 2020) which received Presidential assent on 31st December 2020 is that it ‘strangely’ introduced excise duties on telecommunications (telecoms) services. Section 37 FA2 2020 introduced a new (very brief, but portentous!) section 21(2) to the Customs & Excise Tariff, Etc (Consolidation) Act1 (CETCA): “Telecommunication services provided in Nigeria shall be charged with duties of excise at the rates specified under the duty column in the Schedule as the President may by Order prescribe pursuant to section 13 of this Act [CETCA].”
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