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Daily Monitor Friday April 02 2021 Advertisement The government has proposed to abolish the payment of Over the Top Services (OTT) under the Excise Duty (Amendment) Bill, 2021. The Bill scheduled for tabling on the floor of Parliament on Thursday by the Minister of Finance Matia Kasaija also proposes the re-introduction of excise duty at a rate of 12 percent on internet data.  However according to audit firm- PricewaterhouseCoopers, the Bill proposes exclusion for data used for the provision of medical and education services. The Over the Top Services (OTT) or social media tax was first intr...

Govt wants OTT scrapped, proposes 12% tax on internet April 1, 2021 Finance minister Matia Kasaija tabling the tax proposals The government is proposing the abolition of Over the Top Services (OTT) under the Excise Duty (Amendment) Bill, 2021. The Bill was tabled today by minister of Finance Matia Kasaija and proposes the re-introduction of excise duty at a rate of 12 per cent on internet data. According to audit firm, PricewaterhouseCoopers, the Bill proposes exclusion for data used for the provision of medical and education services. OTT or soc...