Days after the new tax laws took off, Nigerians are decrying what they called double stamp duty charges by banks since, 2026.
Tax experts clarify that only electronic transfers incur a ₦50 stamp duty, not bank balances. New laws exempt certain ...
Legit.ng on MSN
GTBank clarifies who pays ₦50 stamp duty on bank transfers
GTBank has issued fresh updates to its customers on the federal government's revised Nigeria stamp duty framework under the ...
Nigerian banks including Access, UBA has informed customers they will pay N50 stamp duty on transfers of N10,000 and above ...
The Chairman of the Chartered Institute of Taxation of Nigeria (CITN), Abuja District, Ben Enamudu, has clarified widespread ...
The Punch on MSN
No tax on bank balances, only transfers attract N50 — CITN
CITN clarifies Nigeria's tax reform. Learn about the ₦50 stamp duty on electronic transfers and why your bank balance isn't ...
Guaranty Trust Bank Ltd has announced a change to the application of stamp duty charges on electronic bank transfers, in line ...
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