Category : Search result: electronic transaction tax


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.

Banks Alert Customers on New N50 Stamp Duty Rule

GTBank, Access, Zenith, UBA, and others inform customers that the N50 stamp duty on transfers over N10,000 is now paid by the sender, effective January 1, 2026. Learn the new rules and exemptions.

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.

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.

Man Avoids New 2026 Bank Charge by Sending N9,999

A Nigerian man's viral post shows how he avoided the new N50 electronic transfer levy by sending N9,999. His action has ignited a fierce online debate about the 2026 tax laws. Read more.

Man Sends N1m, Debunks New Tax Law Rumours

A Nigerian man shares his experience after sending over N1 million under the new tax law, clarifying there were no extra deductions. Read his story and public reactions.

Market Woman's 'Gift' Advice on New Tax Law Goes Viral

A young Nigerian man's encounter with a market woman over the new 2026 tax law has sparked online debate. She advised labeling a transfer as a 'gift' to avoid deductions. Read the full story and public reactions here.

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.

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