Whereas there are those who have high expectations, there are also those who feel that the Budget is a business-as-usual Budget. The Standard spoke to the captains of the industry on their hopes and fears on the Budget for Financial Year 2021/22. And the private sector will be fueled by credit. That role will not be left to the private sector, with firms taking loans to rebuild or start their businesses. “There is a 16 per cent VAT, 1.5 per cent tax on internet data, excise duty on data and telephony at 15 per cent,” she explained.

Source: Standard Digital June 09, 2021 18:30 UTC