A green tax, also known as environmental tax or ecotax is a tax levied on activities which are considered to be harmful to the environment and is intended to promote environmentally friendly activities via economic incentives.
That the recently-introduced new Fiscal Policy Measures and Tariff Amendments (FPM 2023) missed the traditional fawning review of the national economic managers may have sent a strong message, perhaps, about the fast-dwindling popularity of such trite or that there are just too many of such hurriedly-prepared policies taking the attention of the inner circle.
The Minister of Communications and Digital Economy, Isa Pantami has asked telecommunication firms and other stakeholders in the sector to ignore any attempt to impose a five per cent excise duty on telecom services.
According to the Ministry of Communications and Digital Economy, the Federal Government's projected 5% excise levy will not apply to the digital economy.