NRS: VAT On Banking Fees Isn’t New —Here’s What You Need To Know

Posted on January 15, 2026January 15, 2026 by GISTSMATE MEDIA

The Nigeria Revenue Service (NRS) has dispelled misinformation doing the rounds on the imposition of Value-Added Tax (VAT) on banking […]

BREAKING: Nigerians To Pay 7.5% VAT On Mobile Bank Transfers, USSD Transactions From January 19

Posted on January 14, 2026January 14, 2026 by GISTSMATE MEDIA

Nigerians will begin paying a 7.5 per cent Value Added Tax (VAT) on selected banking services, including mobile bank transfers […]

Posted on October 24, 2024October 24, 2024 by GISTSMATE MEDIA

The Federal government plans to steadily raise the rate for Value Added Tax (VAT) to 15% from the current 7.5%. […]

Posted on October 13, 2024October 13, 2024 by GISTSMATE MEDIA

The national assembly is considering a bill proposing an increase in the value-added tax (VAT) from 7.5 percent to 10 […]

Posted on October 2, 2024October 2, 2024 by GISTSMATE MEDIA

The Federal Government has announced value added tax (VAT) exemptions for various energy products, including diesel, Liquefied Natural Gas (LNG), […]

Posted on September 9, 2024September 9, 2024 by GISTSMATE MEDIA

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has refuted reports suggesting an increase in […]