On 1 December 2023, the Inland Revenue (Amendment) (Tax Deductions for Spectrum Utilization Fees) Bill 2023 was gazetted to provide tax deductions for spectrum utilization fees payable by mobile network operators (MNOs) on radio spectrum acquired in future auctions, with a view to encouraging MNOs to invest more proactively in telecommunications infrastructure for providing better communications services to business sectors and the general public.
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