NRS addresses taxpayers’ concerns, says VAT remains at 7.5%

NRS addresses taxpayers’ concerns, says VAT remains at 7.5%

The Nigeria Revenue Service, NRS, has moved to address concerns surrounding Nigeria’s new tax reforms, assuring taxpayers that the standard Value Added…

FG Says Banks Can’t Arbitrarily Deduct Taxes From Accounts, VAT Remains 7.5%

The Federal Government has assured Nigerians that banks and other financial institutions are not authorised to arbitrarily deduct taxes from customers’ personal accounts, insisting that the Value Added Tax, VAT, rate remains 7.5 percent.…

NRS clarifies bank deductions, VAT rate as Nigerians raise concerns over new tax laws

NRS says VAT remains 7.5% and rejects automatic bank deductions under new tax laws, explaining how loans, transfers and clear records affect tax obligations.

FG allays fears over arbitrary bank deductions under new tax laws - Lagos Television

The Federal Government has reassured Nigerians that the new tax regime does not authorise financial institutions to make arbitrary or unauthorised deductions from customers’ bank accounts. The Nigeria Revenue Service (NRS) also clarified that the Value Added Tax (VAT) rate remains at 7.5 per cent, dismissing concerns that the new tax framework would automatically impose...

Nigeria Revenue Service Assures VAT Stays 7.5% Under Reforms

Nigeria Revenue Service (NRS) has moved to clarify misconceptions surrounding the country’s new tax reforms, confirming that the standard Value Added Tax (VA...

Nigeria Revenue Service Reaffirms 7.5% Value Added Tax Rate

The Nigeria Revenue Service (NRS) has reassured taxpayers that Nigeria’s standard Value Added Tax (VAT) rate remains at 7.5 per cent, dismissing concerns and misconceptions surrounding the implementation of the country’s new tax reforms. The Service also clarified that the new tax laws do not automatically authorise deductions from personal bank accounts, stressing that tax […]