IMF urges Nigeria to introduce telecom tax, VAT on fuel products

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The IMF has recommended that Nigeria implement excise taxes on telecommunications and extend VAT to fuel products to boost government revenues. These fiscal measures form part of IMF's broader economic reform advice outlined in the latest Article IV consultation report.

The International Monetary Fund (IMF) has advised the Nigerian government to introduce excise duties on telecommunications services and extend Value Added Tax (VAT) to fuel products as part of broader measures to strengthen its revenue. The Fund gave the recommendation in its latest Article IV consultation report on Nigeria. The IMF said Nigeria would need […] The post IMF urges Nigeria to introduce telecom tax, VAT on fuel products appeared first on Nairametrics.