The Federal Government has directed all commercial banks, microfinance institutions and fintech platforms to begin the collection and remittance of a 7.5 per cent Value-Added Tax (VAT)on selected electronic banking service fees. The directive, which takes effect on Monday, January 19, 2026, applies to charges incurred on electronic transactions rather than the actual amount being […]
The post Banks, Fintechs To Start Deduction Of 7.5% VAT Charges On Cash Transfers, USSD From Monday appeared first on Naija News.
Discover more from SMLBLOGTV
Subscribe to get the latest posts sent to your email.
