Tax Misinterpretation Fuels Price Hikes in Nigeria
Nigeria's new tax reforms trigger market chaos as traders exploit confusion, imposing arbitrary price increases. Experts warn of gaps and unintended consequences. Read the full analysis.
Category : Search result: VAT charges
Drivers' Union Demands Refund from inDrive Over VAT
Nigeria's app-based transport union, AUATON, demands inDrive refund alleged illegal 7.5% VAT deductions from drivers' earnings. Calls for FIRS investigation and policy review.
Analyst Defends Tinubu's 2026 Tax Reform Amid Suspension Calls
APC chieftain Atoyebi Paul commends President Tinubu's new tax acts set for 2026, arguing the outdated law needed reform despite public agitation for suspension. Details inside.
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.
New VAT Formula Boosts States' Share to 55% in 2026
Nigeria's new VAT sharing formula, effective January 2026, shifts N461.27bn to states. Federal allocation drops to 10%. Discover the state-by-state impact and fiscal future.
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.
Lady Laments N23k VAT on N181k Restaurant Bill
A Nigerian lady's viral TikTok video exposes a N23,000 tax charge on a N181,000 restaurant bill, sparking debate on new tax policies and hidden costs in Lagos eateries. See the full breakdown and public reaction.
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.
Nigeria's Tax Reform: 10 Ways States Will Benefit
Nigeria's proposed tax reform bills aim to reshape fiscal federalism, granting states more autonomy and revenue. Discover the 10 key benefits set to transform governance and infrastructure.
Nigerian Lady Alarms Over Huge VAT on ₦3m Goods
A Nigerian lady's viral TikTok video exposes alarming VAT charges at an Ikeja store, sparking a national conversation on Nigeria's new tax law implementation and consumer rights.
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.
Drivers Union Rejects 10% Tax on E-hailing Trips
The Amalgamated Union of App-based Transporters of Nigeria rejects a new 10% tax burden on inDrive trips, calling it discriminatory. Read their full demands.
Influencer charged N487,500 VAT on N6.5m purchase
Social media influencer Rita 'Raye' Ushie cries out after being charged a huge 7.5% VAT on a N6.5 million purchase for her tech startup. See public reactions and why NANS plans protests.
Man Cries Out Over N50 Tax on N10k Transfer in 2026
A Nigerian man raises alarm after N50 was deducted for a N10,000 transfer, signaling the start of new 2026 tax laws. Get the full story and public reactions here.
New ₦50 Stamp Duty Shifts to Senders from January 2026
OPay, PalmPay, Moniepoint, and major banks notify Nigerians of a key tax change. From January 1, 2026, senders will pay a ₦50 stamp duty on transfers of ₦10,000 and above. Learn the details and exemptions.
Banks Announce New N50 Stamp Duty on Electronic Transfers
Nigerian banks have notified customers of a new N50 stamp duty on electronic transfers of N10,000 and above, effective January 1, 2026. The charge is payable by the sender. Learn the details and exemptions.
Barber Adds VAT to Haircuts Ahead of 2026 Tax Law
A Nigerian man's viral post reveals his barber adding a 7.5% VAT charge from January 1, 2026, sparking debate on the new tax law's reach. Read more about the public reaction.
Stefon Diggs Charged with Strangulation, Assault
New England Patriots star Stefon Diggs faces felony strangulation charges. His lawyer denies allegations, calling them a financial dispute. Team stands by him. Full details inside.
N50 Stamp Duty on Bank Transfers Starts 2026
From January 1, 2026, Nigerian banks will charge senders a N50 stamp duty on electronic transfers of N10,000 and above. Learn about the new levy and other CBN-approved charges.
Court Remands Ex-AGF Malami in Kuje Prison
Former Attorney-General Abubakar Malami has been remanded in Kuje prison on money laundering charges. He will remain there until his bail hearing on January 2, 2026. Read the full details of the court's decision.
Malami, Son Plead Not Guilty to ₦9bn Laundering Charges
Former Attorney-General Abubakar Malami and his son deny EFCC's ₦9 billion money laundering charges. Court hears bail application as anti-graft agency pushes for accelerated trial. Full details inside.
New Tax Laws Will Reduce Airlines' Costs - Oyedele
Tax reform chief Taiwo Oyedele clarifies that Nigeria's new 2026 tax laws aim to lower airline operating costs, countering claims of massive fare hikes. Details inside.
Ex-AGF Malami Arraigned in Court Over N1bn Fraud
Former Attorney-General Abubakar Malami faces fresh money laundering charges in Abuja. A coalition demands justice, alleging his actions fueled terrorism. Full details inside.
New N50 Stamp Duty on Bank Transfers Starts Jan 1
Nigerians will pay a new N50 government levy on electronic transfers above N10,000 from January 1, 2026. Learn how it works and its impact on your finances.
FG: New Tax Laws to Support Airlines, Not Harm Them
The Presidential Tax Committee clarifies that new tax reforms will aid Nigerian airlines by removing burdensome charges and improving cash flow, countering Air Peace CEO's warning of soaring fares.
Substitute Teacher, Boyfriend Face Child Abuse Charges
A former Texas substitute teacher and her boyfriend are jailed on charges of aggravated assault of a child and possessing illegal material. Read the full story.
New Tax Law May Send Domestic Airfares to N1 Million
Air Peace CEO Allen Onyema warns that new tax provisions could push domestic flight fares beyond ₦1 million, threatening airline collapse. He calls for urgent government intervention.
Naked Burglar Busted in Miami Mansions on Christmas
A Florida man faces felony charges after allegedly breaking into two luxury homes in Golden Beach, stripping naked, and drinking alcohol. Read the bizarre details of the Christmas night arrest.
Lawyer: Sokoto Unsafe for Nnamdi Kanu After US Airstrike
Nnamdi Kanu's lawyer calls for his immediate transfer from Sokoto following a U.S. airstrike targeting ISIS. Details on the life sentence and courtroom drama inside.
Kanu's Lawyer Seeks Transfer After Sokoto Airstrike
Nnamdi Kanu's lawyer calls for his immediate transfer from Sokoto following a US airstrike on ISIS camps, citing insecurity. This comes after Kanu's life sentence for terrorism.
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