Tag: Value Added Tax

No VAT on Money Transfers, Only Bank Charges — Nigeria Revenue Service Clarifies

Nigeria Revenue Service Clarifies: No VAT on Money Transfers, Only on Banking Charges

Pere Collins January 15, 2026 Nigeria Revenue Service, Taiwo Oyedele, Value Added Tax

A clarification has been issued by the Nigeria Revenue Service (NRS) following widespread public confusion…

No VAT on Money Transfers, Only Bank Charges — Nigeria Revenue Service Clarifies

Pere Collins Moniepoint, Value Added Tax, VAT

Nigerians to Begin Paying 7.5% VAT on Bank Transfers and USSD Transactions from January 19, 2026

Nigerians will soon begin paying a 7.5 percent Value Added Tax (VAT) on selected banking…