New 7.5% VAT on Mobile, USSD Bank Fees Starts Jan 19
Financial expert explains new 7.5% VAT on mobile & USSD bank fees from January 19, 2026. Learn how it impacts your transfers alongside N50 stamp duty.
Category : Search result: mobile transfer tax
NRS: Banks Pay VAT on Transfer Fees, Not Customers
The Nigerian Revenue Service clarifies that the 7.5% VAT applies to bank service charges, not transaction values. Implementation begins January 19, 2026. Read the full details.
FG: Minor Tax Law Changes Won't Affect Core Provisions
The Federal Government has reassured Nigerians that recent alterations to newly passed tax laws will have minimal impact. Presidential Tax Reform Committee Chairman Taiwo Oyedele confirms key aspects like tax rates and filing deadlines remain unchanged. G
NRS: Food, Transport Not Taxed in New 2026 Laws
NRS Chairman Dr Zacch Adedeji assures Nigerians that essential items like food and transport are exempt from transactional taxes under the new 2026 regime, aiming to tax prosperity, not poverty. Read details.
Oyedele Faces Threats Over Nigeria's Tax Reforms
Taiwo Oyedele, head of Nigeria's tax reforms committee, discloses receiving life threats while implementing new tax laws. He cites powerful interests and public mistrust as major obstacles. Read more.
Man mistakenly sends $500, tells recipient to keep it
A Nigerian man accidentally transferred $500 instead of $100. He told the recipient to keep the money, sparking a viral debate online. Read the full story and reactions.
Nigeria's New Tax Laws: Reality Check on Corruption & Trust
Nigeria's historic tax reforms replace colonial-era laws, but public trust is undermined by deep-rooted corruption and fears of fund mismanagement. Can Tinubu's government convince citizens?
Nigeria's 2026 Tax Reforms: Exemptions & New Rules
Nigeria's new tax laws effective Jan 1, 2026 bring major changes. Union Bank explains the ₦800k exemption, residency rules, and new penalties. Learn how it affects you.
KPMG Flags Major Errors in Nigeria's New 2026 Tax Laws
KPMG Nigeria identifies four major errors and gaps in Nigeria's new 2026 tax laws, warning they could create confusion, disputes, and hinder compliance. Urgent clarifications are needed.
Experts Clarify N50 Stamp Duty on Transfers, Not Balances
Tax authorities clarify that the new N50 stamp duty applies only to electronic transfers, not bank balances. Learn about exemptions, VAT rules, and rent relief under Nigeria's 2025 Tax Act.
2025 Tax Reforms: Nigeria's Path to Fiscal Stability
Nigeria's 2025 Tax Acts aim to rebuild the nation's fiscal architecture, protect low earners, and drive digital compliance. Discover the long-term strategy beyond the revenue debate.
New N50 Stamp Duty Charge Sparks Debate After Wike Aide's Post
Lere Olayinka, an aide to FCT Minister Wike, reported a N53.75 deduction on an N80,000 transfer, igniting debate on new stamp duty rules. Banks clarify the sender now pays the N50 fee for transfers above N10,000. Read full details.
Lady cries out over N23k VAT on N181k restaurant bill
A Nigerian lady's viral TikTok video exposes a hefty N23,000 tax charge on a N181,000 restaurant bill, sparking debate on new tax policies and business practices in 2026.
Banks Alert Customers on New N50 Stamp Duty Rule
GTBank, Access, Zenith, UBA, and others inform customers that the N50 stamp duty on transfers over N10,000 is now paid by the sender, effective January 1, 2026. Learn the new rules and exemptions.
Hidden Benefits of Nigeria's 2026 Tax Reforms Revealed
Beyond revenue, Nigeria's new 2026 tax laws offer overlooked advantages for formalisation, fairness, and investment. Discover how workers and SMEs benefit.
Tax Act 2025: Gains and Risks for Nigerian Manufacturers
The Nigeria Tax Act 2025 introduces sweeping reforms for manufacturers, offering tax credits and R&D deductions. Experts warn implementation is key to success. Discover the full impact.
FG to Use Banks, Fintechs for Tax Debt Recovery in 2026
Nigeria tightens tax laws, empowering authorities to use banks and fintechs like Access, Zenith, and Opay to recover unpaid taxes. Learn about the new rules and your obligations.
Nigeria's 2025 Tax Reforms: A Structural Overhaul
The Nigerian Tax Acts 2025 aim to fix a broken fiscal system, protect low earners, and modernise administration. Discover the long-term vision beyond the revenue debate.
Nigerian Mum Cries Out Over New Electronic Transaction Tax
A Nigerian mother of two expresses shock after nearly N100 was deducted as tax for a N25,000 transaction under the new federal laws implemented on January 1, 2026.
OPay's N9,999 Transfer Feature Aids Nigerians on Tax
Nigerians celebrate as OPay adds a N9,999 transfer option to help users avoid new electronic tax charges. See user reactions and expert analysis on the fintech's market move.
Woman Calls Out Vendors Over Illegal VAT Charges
A Nigerian woman raises alarm over vendors illegally charging 'VAT' on everyday purchases. She shares shocking examples and calls for government intervention. Read her full story.
Banker Reacts to Funny Transfer Narrations Amid New Tax Law
A Nigerian banker reveals over 50 hilarious bank transfer descriptions customers are using to avoid the new 2026 tax. See the viral reactions and how the law works.
Nigeria's 2026 Tax Reforms: Anxiety & Reform Fatigue
Analysis of Nigeria's new 2026 tax laws reveals public anxiety driven by reform fatigue, legal uncertainty, and pressure on SMEs. Can trust be rebuilt?
Nigerians Use 'Loan Refund' Narration to Avoid New Tax Charges
A Nigerian lady's viral TikTok video reveals how vendors are asking customers to use 'loan refund' in bank transfer descriptions to evade new 2026 tax laws, sparking a major online debate.
Nigeria's 2026 Tax Laws: Your Essential Q&A Guide
A complete guide to Nigeria's new tax laws effective 2026. Learn about exemptions for low-income earners, pensioners, bank account rules, and crypto taxation. Get the facts now.
OPay's N9,999 Transfer Eases New Tax Burden for Nigerians
A Nigerian man's discovery of a new OPay transfer option for N9,999 has gone viral, helping users navigate the new tax law. See how this fintech innovation is saving money.
Nigeria's New Tax Residency Rules Explained
Nigeria's new tax law finally clarifies who is a tax resident. Learn the 5-point checklist to determine your liability and understand taxation for residents vs. non-residents.
New Tax Law Brings Heavy Penalties for Nigerians, Firms
Nigeria's new Tax Administration Act is now in effect, imposing severe fines up to N10 million and jail terms for tax evasion, non-registration, and obstructing officers. Learn the full details.
Who Must Pay Tax in Nigeria? New 2026 Law Explained
Nigeria's new tax framework effective January 2026 defines clear obligations. Discover the 7 key taxpayer categories and who is exempt. Stay compliant!
Man Avoids New 2026 Bank Charge by Sending N9,999
A Nigerian man's viral post shows how he avoided the new N50 electronic transfer levy by sending N9,999. His action has ignited a fierce online debate about the 2026 tax laws. Read more.
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