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.
Category : Search result: Union Bank tax update
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.
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.
Opay App Update: Users Rejoice Over N9,999 Transfer Option
A Nigerian Opay user sparked online excitement after noticing a new N9,999 transfer option in the app. See the viral reactions and what it means for digital banking in Nigeria.
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.
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.
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.
Union Bank Closes All Titan Trust Social Media Accounts
Union Bank of Nigeria has disabled all Titan Trust Bank social media accounts. Customers are now directed to follow Union Bank's official platforms for updates and services.
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.
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!
Lady Cries Over ₦50 Deduction on ₦16,000 Transfer
A Nigerian lady shared her shock after an extra ₦50 was deducted from a ₦16,000 transfer under the new tax law. See the online reactions and what this means for you.
Lawyer Abroad Reveals Access Bank Charges on N200k Transfer
A Nigerian lawyer in Dublin shares receipts showing Access Bank charges for sending money home. She hopes new tax laws will bring development. See the breakdown and reactions.
Man's 2026 Transaction: No Tax Deduction on N20k
A Nigerian man shares his experience sending N20k in 2026, debunking tax deduction fears. He urges verification of new tax laws amidst online misinformation.
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.
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.
Man Exposes Bank Tax Deduction Error in Viral Tweet
A Nigerian man's viral tweet exposes a puzzling N73.05 tax deduction by GTBank, sparking widespread debate on the new tax reforms and bank transparency. See the full story and reactions.
Lagos GNI Fire: Death Toll Now 6, 13 Injured
The Lagos State Government confirms six fatalities and 13 injuries from the Greater Nigeria Insurance House fire. Three victims were burnt beyond recognition. Get the full update.
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.
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.
Man Worries Over Tax After ₦46.9M Account Activity
A Nigerian man's viral tweet reveals ₦46.9M credited to his account in 2025, sparking fears of a huge 2026 tax bill. See the shocking figures and public reaction.
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.
Man Cries Out as N100k Bank Transfer Becomes N63k
A Nigerian man raises alarm after transferring N100,000 to his Zenith Bank account, only to find a balance of N63,000. The incident sparks online reactions and tax deduction theories. Read full details.
Peggy Ovire Deletes Frederick Leonard's Name on IG
Nollywood actress Peggy Ovire fuels marriage crash rumours by removing husband Frederick Leonard's name from her Instagram profile, months after fans noted her missing wedding ring. Read fans' reactions.
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.
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