Banks Begin 10% Tax on Dollar Deposits
Nigerian banks implement a 10% withholding tax on foreign currency deposit interest from Jan 1, 2026. Learn how this new tax law affects your dollar account and who is exempt.
Category : Search result: electronic transaction tax
Man Questions New Tax Policy, Sparks National Debate
A Nigerian man's viral questions about the 2026 tax reform have ignited a fierce debate on fairness, government benefits, and who should pay. Read the full story.
Nigeria's 2026 Tax Brackets: Lowest & Highest Payers
Nigeria's new tax law reshapes the landscape. See who is fully exempt, who pays the lowest rate, and the high earners facing a 25% top rate. Get all the details.
4 Groups Exempt from Tax in Nigeria's 2026 Reform
Nigeria's new tax law effective Jan 1, 2026, exempts minimum wage earners, low-income citizens & more. Discover the four categories benefiting from the fiscal reforms.
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.
Man Cries Out Over N30k Tax Deduction from Salary
Edidiong Johnson expresses shock after discovering a N30,842 PAYE tax deduction on his November 2025 payslip, sparking debate on Nigeria's new Tax Act 2025 ahead of its 2026 implementation.
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.
NANS to Protest New Tax Laws on January 14
Nigerian students plan nationwide protests on January 14, 2026, against new tax laws. The action follows court rulings and unresolved discrepancies in the gazetted legislation.
FG Clarifies: No Tax Monitoring via Bank Transaction Narrations
Federal Government dismisses claims of monitoring personal bank accounts for tax. Small businesses under ₦12m turnover are exempt. Experts advise clear transaction descriptions.
Get Your Tax ID Online Using NIN or CAC - JTB Guide
The Joint Tax Board has launched a unified portal for Nigerians to retrieve their Tax Identification Number digitally using NIN or CAC details. Follow our step-by-step guide to access your 13-digit Tax ID from January 1, 2026.
Court Dismisses Suit Against New Tax Act, Implementation Begins
An Abuja High Court has dismissed a suit to halt Nigeria's new tax regime, allowing implementation from Jan 1, 2026. Northern groups and Femi Falana allege discrepancies in the laws.
Viral Tax Warning: 'First Deduction Go Hit Like Sledgehammer'
A Nigerian man's viral tweet sparks reactions as he warns that the first tax deduction under new rules will hit citizens hard. See the public's mixed responses.
Controversial Tax Reforms Begin Jan 1, 2026
President Tinubu's sweeping tax reforms begin today despite opposition from Atiku and Northern groups. FG insists changes are vital for economic growth. Read the full story.
Tinubu: No Going Back on Jan 2026 Tax Reforms
President Bola Tinubu insists Nigeria's new tax laws will commence January 1, 2026. He calls it a 'once-in-a-generation' fiscal reset, not a tax hike. Read the full details.
UK-based Nigerian Lady Paid N66.9m Tax, Questions FG
A Nigerian lady in the UK reveals she paid N66.9 million in tax, sparking debate on transparency as Nigeria's new 2026 tax law takes effect. Read her full story and public reaction.
Get Your Tax ID with NIN: Simple Steps to Avoid Issues
Nigerians can now retrieve their 13-digit Tax Identification Number (Tax ID) using their NIN via the new Tax ID Portal. Learn the steps for individuals and businesses to comply with the new tax law effective January 1, 2026.
Man Celebrates 2026 Tax Cut, Shares Evidence
A Nigerian worker shares proof of his reduced tax rate under the new 2026 law. See the mail from his company and public reactions to the positive news.
Avoid Tax Overpayments with Accurate Bank Transfer Narrations
As Nigeria's new tax regime begins in January 2026, experts advise using clear bank transfer descriptions like 'Gift' or 'Loan' to prevent overpayment and tax audits. Learn the simple, legal narrations.
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.
Banks to Charge N50 Stamp Duty from Jan 1, 2026
Nigerian banks will implement a N50 stamp duty levy on electronic transfers of N10,000 and above starting January 1, 2026. Learn what's changing and which transactions are exempt.
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.
Tinubu: Tax Reforms to Proceed as Planned from 2026
President Bola Tinubu confirms Nigeria's reformed tax laws will take effect on January 1, 2026, calling it a 'once-in-a-generation' fiscal reset. Read the full details.
NECA Supports Jan 1 Tax Reform Kickoff
NECA supports Nigeria's new tax laws starting January 1, 2025, urging amendments for genuine concerns. DG Adewale-Smatt Oyerinde calls for macroeconomic gains to reach micro level. Read more.
New Tax Laws to Take Effect Jan 1 as Scheduled
The Federal Government confirms Nigeria's new tax regime will begin on January 1, 2026. The reforms aim for a fairer, more efficient system to boost economic growth. Read the full details.
Tinubu: New Tax Laws to Commence January 1, 2026
President Bola Tinubu insists Nigeria's new tax laws will take effect on January 1, 2026, despite controversy over alleged alterations and a National Assembly probe. Read the full details.
FG Launches New Tax ID Portal Linked to NIN
Nigeria's new tax ID portal goes live January 1, 2026. Your NIN becomes your tax number. Learn how to retrieve your ID and what it means for you.
New Tax ID Portal Launches Jan 1, 2026 - How to Retrieve
Nigerians can now retrieve their Tax ID online using NIN or CAC details from Jan 1, 2026. Learn the simple steps to access your 13-digit number digitally.
NLC Vows to Resist Unjust Tax System
The Nigeria Labour Congress vows to reject the Federal Government's new tax reforms set for January 1, 2026, calling them distorted and unjust. President Joe Ajaero demands inclusive, transparent laws.
Tax Ombudsman Office Begins Operations January 1
Nigeria's new Tax Ombudsman office launches Jan 1, 2026, to protect taxpayer rights and resolve disputes fairly. Learn about its mandate and impact.
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