technext24.com

What the 7.5% VAT actually means for your wallet

For Nigerians, it’s hard to ignore the rumours about an additional 7.5% Value Added Tax (VAT) on banking transactions. It all ...
Business Day

Nigeria’s Tax Act does not impose new VAT on banking charges – NRS

The Nigeria Revenue Service (NRS) has clarified that the new Tax Act did not introduce any new or additional Value Added Tax ...
Nairametrics

VAT on banking services not introduced by the new Nigeria Tax Act – NRS clarifies

The Nigeria Revenue Service (NRS) has refuted narratives making round in the media suggesting the imposition of Value Added ...
Daily Post Nigeria

VAT tax on banking services not new – Nigeria Revenue Service

The Nigeria Revenue Service, NRS, has clarified that the Value Added Tax, VAT, applied to banking services is not a new ...
Daily Post Nigeria

Only luxury services attract VAT, not everyday essentials – Ahmad

A senior lecturer at Hussaini Adamu Polytechnic, Kazaure, Dr. Tijjani Ahmad, has said that Value Added Tax (VAT) in Nigeria ...
Tribune Online on MSN

VAT is on charges collected by banks, not customers­’ transactions — NRS

The Nigeria Revenue Service (NRS) has cleared the air over reports suggesting that Value-Added Tax (VAT) has been newly ...
Leadership

As NRS Quells Fears Over VAT On Bank Charges

The Nigeria Revenue Service (NRS) has moved to clarify widespread public concerns over the alleged introduction of Value Added Tax (VAT) on banking services, ...
Vanguard

NRS explains VAT charges on bank customers’ transactions

The Nigeria Revenue Service (NRS) has clarified that there was no fresh imposition of Value-Added Tax (VAT) on banking ...
Ghana News Agency on MSN

VAT reforms key to closing Ghana’s 60% compliance gap – GRA official

By Laudia Anyorkor NunooTema, Jan. 24, GNA – Ghana is losing nearly 60 per cent of its potential Value Added Tax (VAT) ...
The Punch on MSN

VAT on bank services not newly introduced – FG

The Federal Government said on Thursday that value-added tax on banking services is not a new policy, after reports (not The ...
The Whistler

FACT-CHECK: Did Tax Act Impose ‘Double VAT’ On Car Purchases?

A Facebook post by one Richard Friday Inoyo claims Nigerians pay "double Value Added Tax (VAT)" when purchasing cars because they are charged VAT on the vehicle and bank transfer fees. THE WHISTLER ex ...
BizWatchNigeria.Ng

Nigeria Revenue Service Clarifies VAT Position On Banking Charges, Dismisses New Tax Claims

The Nigeria Revenue Service (NRS) has dismissed reports suggesting that Value-Added Tax (VAT) has been newly imposed on banking services, electronic transfers, and related charges, describing such ...