VAT on USSD, Mobile Transfer Fees Not Introduced by Nigeria Tax Act—NRS

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By Modupe Gbadeyanka The Nigeria Revenue Service (NRS) has denied reports that customers performing financial transactions would pay a Value Added Tax (VAT) of 7.5 per cent from January 19, 2026. Information about this emanated from messages sent out to customers of a financial institution, informing them of the new development in compliance of Nigeria’s […]

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