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.
Category : Taxation
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.
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.
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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.
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.
Group Praises Public Support for Tax Reforms, Warns on Misinfo
National Interest Defenders commend Nigerians for supporting the new tax regime, highlighting its role in boosting revenue and infrastructure. The group warns against misinformation campaigns aimed at derailing the reforms.
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Youth Council Backs Tax Reforms, Warns Vested Interests
Ethnic Youth Leaders Council supports new tax law, calling it vital for Nigeria's economy. They warn against sabotage by vested interests and urge public patience. #TaxReforms #NigeriaEconomy
Socio-Cultural Groups Hail Tinubu's Tax Reforms
Ohanaeze Ndigbo and Arewa groups endorse Nigeria's new tax laws, praising Tinubu and FIRS for a smooth rollout. PDP calls for suspension as court clears implementation. Read more.
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.
Obi, Kaigama Raise Concerns Over New Tax Laws
Peter Obi and Archbishop Kaigama warn new tax regime lacks clarity and public value, worsening hardship. Officials defend reforms, citing need for courage and long-term vision. Read the full debate.
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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.
Peter Obi Demands Halt to Controversial New Tax Law
Peter Obi urges the Federal Government to suspend the new tax law, citing a KPMG report that found 31 critical errors. He argues it lacks transparency and public benefit.
31 Flaws in Tax Law: Experts Demand Immediate Pause
A KPMG report exposes 31 critical errors in Nigeria's new tax laws, from policy contradictions to drafting flaws. Experts argue the law must be paused until public trust and clarity are established. Read why this is crucial for Nigeria's social contract.
Obi Flags Issues in Nigeria's Controversial Tax Reforms
Peter Obi criticises Nigeria's new tax laws, citing KPMG report on flaws. NRS defends reforms. Read about the potential impact on investment and the social contract.
Obi: Pause New Tax Law Over 31 Critical Flaws
Peter Obi calls for immediate suspension of Nigeria's new tax law, warning its 31 flaws threaten economic stability and public trust. He urges transparent public engagement.
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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.
Kogi Commended for Adopting National Tax Harmonisation Law
Kogi State earns national acclaim for domesticating the Harmonised Taxes law, a key step in eliminating multiple taxation and boosting investor confidence. Discover how this reform shapes Nigeria's fiscal future.
Nigerian Doctor in Germany Lists Benefits of Paying 42% Tax
A Nigerian doctor in Germany highlights benefits like unemployment aid and child support after paying taxes, sparking debate on Nigeria's tax reforms. What do Nigerians get?
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?
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.
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New Tax Act Faces Hurdles, Says Business Leader
Dele Oye identifies key flaws in Nigeria Tax Act 2025, including a low rent relief cap and restrictive forex deductions, warning of implementation challenges. 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.
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.
NASFAT Summit Links New Tax Law, Faith & Economic Growth
At its Lagos summit, NASFAT urged Nigerians to embrace the new tax laws as tools for fairness and development. Experts from KPMG and Alternative Bank explained the reforms and Shariah-compliant finance.
Oyedele faults KPMG report on Nigeria's new tax laws
Taiwo Oyedele clarifies Nigeria's new tax laws, countering KPMG's report. He explains policy intent behind capital gains, FX deductions, and defends reforms designed to strengthen the Naira and protect local industries.
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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.
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