FG wants to introduce a 5% tax on:
- Phone and internet services (telecommunications)
- Online gaming
- Betting activities
This means that if you:
- Pay N100 for phone data, you’ll pay N105 (N100 + 5% tax)
- Spend N500 on online gaming, you’ll pay N525 (N500 + 5% tax)
- Bet N1,000, you’ll pay N1,050 (N1,000 + 5% tax).