Nigerian Man Explains New 7.5% VAT on Bank Transfers
A Nigerian man clarifies how the new 7.5% VAT on mobile transfers, USSD, and POS works. Learn how it impacts service fees and what it means for your daily transactions.
Category : Search result: VAT removal
NRS: VAT on Banking Fees Isn't New - Full Details
The Nigeria Revenue Service clarifies misconceptions about VAT on banking services, stating it's not a new tax. Learn what changed and what remains exempt.
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.
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.
New 2026 Bank Charges: VAT, Stamp Duty Explained
Starting 2026, Nigerians face new costs: a 7.5% VAT on mobile/USSD fees and a ₦50 stamp duty on transfers above ₦10,000. Learn all the details and how to plan for higher digital banking expenses.
Tonto Dikeh Says Jesus Doesn't Care About Her Tattoos
Nollywood star Tonto Dikeh addresses viral fan question on tattoo removal after her renewed Christian faith. She reveals her decision and sparks online debate. Read her full statement and reactions.
New 7.5% VAT on Mobile, USSD Bank Transfers in Nigeria
Nigerians will pay a 7.5% VAT on mobile transfers and USSD banking from January 2026. Fintech firm Moniepoint clarifies it's a government directive, not a price hike. Consumer groups warn of financial strain.
7.5% VAT on Mobile, USSD Bank Transfers Starts Jan 19
Nigerians will pay 7.5% VAT on mobile transfers & USSD fees from January 19, 2026. NATCOMS calls it 'double taxation' and threatens legal action. Read the full details.
Shehu Sani Warns FG's Reforms Will Fail Without Relief
Senator Shehu Sani warns Federal Government's economic reforms will fail if Nigerians bear hardship without relief. He criticizes subsidy removal management and spending.
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.
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.
Northern Youths Hail Tinubu's Economic Reforms
The Northern Youth Frontiers commend President Tinubu's bold economic reforms, highlighting infrastructure projects and governance changes. They urge support while calling for measures to cushion inflation's impact.
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.
Chaos in Caracas as Gunfire Erupts Near Presidential Palace
Heavy gunfire and unrest grip Caracas near Miraflores Palace after President Maduro's reported removal. Watch video and get the latest details on the developing situation.
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.
Youth Leader Demands Clarity on New Tax Benefits
AYRIN President Olufemi Ajadi urges the Federal Government to justify new taxes with economic relief and infrastructure. He warns of deepening poverty without accountability.
Officials Defend Tinubunomics, Cite N10 Trillion Savings
Budget chief Tanimu Yakubu dismisses critics' 'theatrical arithmetic' on Tinubu's policies, while Senator Yayi reveals Nigeria now saves over N10 trillion yearly from subsidy removal. Read the full analysis.
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.
Group Counters Tinubu's Economic Growth Claims
CHRICED challenges President Tinubu's economic recovery narrative, citing rising poverty and insecurity. Nigerians urged to reject half-truths. Read the full analysis.
Canada Deports Over 300 Nigerians in Major Crackdown
Canada deported 366 Nigerians in 2025, marking a major immigration enforcement surge. Nigeria re-enters top 10 deportation list with nearly 1,000 awaiting removal. Read the full analysis.
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.
Wike: Governors Blindfolded by Subsidy Cash
FCT Minister Nyesom Wike criticizes state governors for financial mismanagement post-subsidy removal. He reveals his own fiscal record and warns against money-driven politics. Read his full analysis.
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.
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