VAT Targets Bank Charges, Not Customers’ Funds, Says NRS

[The Whistler - Nigeria] - 15/01/2026
The Nigeria Revenue Service (NRS) has clarified that Value Added Tax (VAT) applies only to bank service charges and not to customers’ funds, dismissing reports suggesting the introduction of a new VAT regime on banking transactions as false and misleading. In a statement issued on Thursday, the (…)
... Article published by "The Whistler" (Nigeria), read more
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