The Nigerian government clarifies that VAT on bank services is not new. Learn about the existing tax on transaction fees and ...

The Nigeria Revenue Service, NRS, has clarified that the Value Added Tax, VAT, applied to banking services is not a new ...

The Nigeria Revenue Service (NRS) has clarified that the new Tax Act did not introduce any new or additional Value Added Tax ...

The Nigeria Revenue Service has said that the 7.5 percent Value Added Tax (VAT) will apply only to charges collected by banks ...

Nigeria's NRS confirms the 7.5% VAT applies only to bank service fees, not the actual amount transferred. Get accurate details on banking taxes.

Nigerian bank users will begin paying a 7.5 per cent Value Added Tax (VAT) on selected banking services, including mobile ...

The Nigeria Revenue Service (NRS) has dismissed reports suggesting that Value-Added Tax (VAT) has been newly imposed on ...

Explore how the newly introduced 7.5% VAT impacts mobile transfers, USSD, and POS transactions as Nigerians react to rising ...

“VAT is not charged on the amount of money transferred or withdrawn. It applies only to the service charge or commission imposed by the bank,” the NRS said. “For example, if a bank charges ₦10 for a ...

Nigerian Revenue Service has clarified the 7.5% VAT regulation affecting mobile transfers as financial notices circulate ...

The Federal Government has directed all commercial banks, microfinance institutions and fintech platforms to begin the ...

Charges on mobile banking and Unstructured Supplementary Service Data (USSD) transactions will attract VAT, and not the ...