The Nigeria Revenue Service (NRS) has clarified that the new Tax Act did not introduce any new or additional Value Added Tax (VAT) on banking charges, nor did it impose any fresh tax obligation on ...
For Nigerians, it’s hard to ignore the rumours about an additional 7.5% Value Added Tax (VAT) on banking transactions. It all ...
Indirect taxes are a vital part of buying and selling things. Unlike direct taxes, indirect tax is only paid by the customer ...
By Ibrahim Asare Tax laws shape how governments raise revenue and how citizens and businesses interact with the state. In ...