FG Directs Banks, Fintechs to Remit VAT on Service Fees
[Nigeria Communications Week - Nigeria] - 16/01/2026
The Federal Government has directed all banks and fintechs to collect and remit 7.5 per cent value-added tax on certain electronic banking services, effective Monday, January 19, 2026, according to an email notice issued by payment platforms. The VAT will apply to electronic banking charges, (…)
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