tax policy

  1. NRS Clarifies VAT Does Not Apply to Bank Transfers, Only Service Charges

    Nigeria NRS Clarifies VAT Does Not Apply to Bank Transfers, Only Service Charges

    The Digest: The Nigeria Revenue Service has moved to clarify a critical point of tax policy: the 7.5% Value Added Tax applies only to bank service charges, not to the actual money customers transfer or deposit. In a statement issued Thursday, the NRS firmly dispelled what it called widespread...
    • Nigeria News
    • Article
    • 1 min read
    • bank charges nigeria revenue service nrs tax policy vat
    • Category: Business
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