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Taxes · NigeriaThe Nigeria Revenue Service, NRS, has clarified that the Value Added Tax, VAT, applied to banking services is not a new development and has no connection to any recent tax legislation. In a statement posted on its official X account on Thursday, the NRS addressed reports suggesting that Nigerian banks, including Moniepoint, had begun introducing a 7.5 percent VAT on banking services such as transfers and Unstructured Supplementary Service Data (…See the Story
VAT tax on banking services not new - Nigeria Revenue Service
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