New 7.5% VAT on Mobile, USSD Bank Charges Kicks In
Nigeria enforces 7.5% VAT on digital banking service fees from Jan 19, 2026. Learn how it affects your mobile transfers and USSD transactions, and who will feel it most.
Category : Search result: digital banking tax
Nigerian Banks Secure Licences Under New CBN Capital Rules
Discover which Nigerian banks have secured international and national licences under the CBN's new capital requirements. Stay informed on the banking sector's transformation.
Oyedele: I can die for Nigeria as a tax reformer
Taiwo Oyedele, head of Nigeria's tax reform committee, declares readiness to sacrifice for fiscal reforms, detailing capital gains tax exemptions. Business leaders highlight persistent high costs and economic misalignment.
Nigeria's 10% Rent Tax Creates Middle-Class Confusion
A new 10% withholding tax on rents over ₦2m has landed in mailboxes, causing panic. Experts warn of confusion and inflation as the Tinubu administration's tax reform rollout falters. Read more.
NRS Says VAT on Bank Charges Not New, Implementation Delayed
The Nigeria Revenue Service clarifies that VAT on banking services is not new. Implementation of new tax laws is delayed due to gazette controversy. Get the full details.
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.
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.
Nigeria's tax system unjust, 96% from low earners
Tax reform chief Taiwo Oyedele reveals Nigeria's unsustainable tax structure, with 96% of personal income tax from low earners. The 2026 reform aims to correct this, boosting disposable income. Read the full analysis.
FG: Minor Tax Law Changes Won't Affect Core Provisions
The Federal Government has reassured Nigerians that recent alterations to newly passed tax laws will have minimal impact. Presidential Tax Reform Committee Chairman Taiwo Oyedele confirms key aspects like tax rates and filing deadlines remain unchanged. G
NRS: Food, Transport Not Taxed in New 2026 Laws
NRS Chairman Dr Zacch Adedeji assures Nigerians that essential items like food and transport are exempt from transactional taxes under the new 2026 regime, aiming to tax prosperity, not poverty. Read details.
Tax Reforms Chairman Appeals for Public Backing
Taiwo Oyedele, head of Nigeria's tax reform committee, reveals he faces safety threats, urges supporters to speak out against misinformation. New tax laws took effect Jan 1, 2026.
Oyedele Faces Threats Over Nigeria's Tax Reforms
Taiwo Oyedele, head of Nigeria's tax reforms committee, discloses receiving life threats while implementing new tax laws. He cites powerful interests and public mistrust as major obstacles. Read more.
Nigeria's New Tax Laws: Reality Check and Global CGT Comparison
An in-depth analysis of Nigeria's controversial new tax laws, the legislative process flaws, the global context of the Capital Gains Tax hike, and the potential for improved governance through citizen accountability. Read more.
NRS Publishes Phone Number for Tax Issues Reporting
Nigeria Revenue Service opens dedicated phone line and email for citizens to report problems with new 2026 tax laws. Get help with TIN, exemptions, and compliance.
Nigeria's New Tax Laws: Reality Check on Corruption & Trust
Nigeria's historic tax reforms replace colonial-era laws, but public trust is undermined by deep-rooted corruption and fears of fund mismanagement. Can Tinubu's government convince citizens?
Wema Bank Upgrades ALAT Digital Platform
Wema Bank Plc has launched an upgraded version of its ALAT digital banking platform, featuring voice commands and contactless payments. Discover the new smart features.
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.
FG Responds to KPMG's Critique of New Tax Laws
The Presidential Fiscal Policy and Tax Reforms Committee has responded to KPMG's assessment of Nigeria's new tax laws, stating identified 'errors' are often policy disagreements. Read the full details.
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.
New Tax Laws: Experts Warn of Disputes, Capital Flight
KPMG warns Nigeria's new tax laws contain gaps and ambiguities risking disputes and capital flight. Budget Office DG and ex-CBN deputy governor defend the reforms, saying they protect the poor.
NLC warns new tax laws undermine democracy, system
The Nigeria Labour Congress warns the Federal Government that the new tax laws undermine the tax system and democracy. Get the full details on the controversy, including reactions from Oshiomhole, APC, and tax experts.
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 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.
Hidden Benefits of Nigeria's 2026 Tax Reforms Revealed
Beyond revenue, Nigeria's new 2026 tax laws offer overlooked advantages for formalisation, fairness, and investment. Discover how workers and SMEs benefit.
Tax Act 2025: Gains and Risks for Nigerian Manufacturers
The Nigeria Tax Act 2025 introduces sweeping reforms for manufacturers, offering tax credits and R&D deductions. Experts warn implementation is key to success. Discover the full impact.
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.
Nigeria's 2025 Tax Reforms: A Structural Overhaul
The Nigerian Tax Acts 2025 aim to fix a broken fiscal system, protect low earners, and modernise administration. Discover the long-term vision beyond the revenue debate.
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.
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.
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