Nigerian govt orders banks, fintechs to remit VAT on service fees

The post Nigerian govt orders banks, fintechs to remit VAT on service fees appeared first on Kemi Filani News. The Federal Government has instructed banks and fintechs to collect and remit 7.5% value-added tax on some electronic banking services, effective Monday, January 19, 2026. These services include mobile money transfers, USSD transaction fees, and card issuance fees, according to an email notice on Wednesday shared with customers by Moniepoint. For example, if a bank […] The post Nigerian govt orders banks, fintechs to remit VAT on service fees appeared first on Kemi Filani News.

  News   Jan 15, 2026   0   0  Add to Reading List
Nigerian govt orders banks, fintechs to remit VAT on service fees

The post Nigerian govt orders banks, fintechs to remit VAT on service fees appeared first on Kemi Filani News.

The Federal Government has instructed banks and fintechs to collect and remit 7.5% value-added tax on some electronic banking services, effective Monday, January 19, 2026. These services include mobile money transfers, USSD transaction fees, and card issuance fees, according to an email notice on Wednesday shared with customers by Moniepoint. For example, if a bank […]

The post Nigerian govt orders banks, fintechs to remit VAT on service fees appeared first on Kemi Filani News.

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