News / National
Government to raid telecom's revenue, Chinamasa
08 Dec 2016 at 09:46hrs | Views
A Health Fund levy is set to be introduced next year and financed by airtime revenue and mobile broadband.
The levy has been pegged at 5c for every $1 of airtime on mobile services, Finance Chinamasa said in his 2017 national budget proposal.
"All economically active individuals must contribute to economic development and I therefore propose to introduce a 5 % levy on airtime recharge cards ".
This becomes the latest form of taxation levied on telecommunications services.
In 2014 the government introduced a 5% levy on all airtime purchases for mobile telecom's.
The new measures are likely to eat into telecom's revenues and put further strain on service providers in both voice and broadband services.
The levy has been pegged at 5c for every $1 of airtime on mobile services, Finance Chinamasa said in his 2017 national budget proposal.
"All economically active individuals must contribute to economic development and I therefore propose to introduce a 5 % levy on airtime recharge cards ".
In 2014 the government introduced a 5% levy on all airtime purchases for mobile telecom's.
The new measures are likely to eat into telecom's revenues and put further strain on service providers in both voice and broadband services.
Source - Byo24News
