TAXING TELECOMMUNICATIONS COMPANIES IN NIGERIA: LEGAL CHALLENGES IN THE TELECOMMUNICATIONS INDUSTRY

Abstract

This study analyzes the various taxes associated with telecommunications companies and the need to properly regulate these taxes considering the humongous economic impact telecommunications industry has on the Nigerian economy. The advents of the telecommunications companies in Nigeria with its economic potentials pose some legal and regulatory challenges with respect to their taxation, given that there is no sector specific legislation put in place for the taxation of telecommunications companies in Nigeria. This paper advocates for a specific tax legislation for the taxation of telecommunications companies in Nigeria which must be fair to the telecommunications companies and in addition, its consumers thus, propping the sustainability, productivity and profitability of the telecommunications industry.