HomeBusinessVAT for Bank Services No Be New Matter, NRS Talk Am

VAT for Bank Services No Be New Matter, NRS Talk Am

My people, gather here no be small! Wetin NRS dey talk wey don scatter ground for everywhere? Dem don land with correct gist about VAT wey plenty people dey yarn scatter for social media. Na the Nigeria Revenue Service (NRS) wey clear am say no be new tax dem don bring come for banking services o!

As dem talk am, the Special Adviser on Media to the NRS Chairman, Dare Adekanmbi, na hin drop correct bombshell say VAT don dey on top bank charges since any-how, e no be anything new. People dey reason say since new Nigeria Tax Act don show face, na wahala don land for their pocket. But NRS chop dem yarn tell the people loud and clear, say VAT dey for bank fees since time. E no be fresh news!

NRS talk say make dem no mind wetin some media dey run around; VAT no dey apply for money wey customer dey transfer or withdraw. E dey only apply for the service fees wey bank dey charge. So, if your bank dey collect charge for transfer, like ₦10, na just small VAT of ₦0.75 go follow am, no be the entire money wey you dey send. E be like say play don start full ground with this new noise dem dey make!

Dem still talk say plenty service charges dey under VAT umbrella. Money wey dem dey charge for USSD, transfer, card issuance, and maintenance fees, na dem go join the VAT club for bank. But wetin no go join? Na actual money wey you transfer or the interest wey you fit get for account, no dey near VAT! Abeg, make nobody dey fear for any new tax wey dem no bring!

NRS still continue say, ‘This claim wey dey fly for media, na correct misfire!’ Na so dem take clear am, and na so dem wan help dem pipo understand wetin dey happen.

This issue no be wahala wey just burst on top the surface. Na as the NRS dey react to plenty wahala wey don dey happen everywhere. Dem dey try to put matter straight so that everybody go fit relax for financial matters. Clarity na the key wey dem dey push. No more panicking for any new tax wey no dey!

Dey urge every one wey fit hear dis word make dem focus on official channels for tax news instead of falling for any gist wey go begin to cause wahala. Join NRS for dem mission to make sure make all our financial grooves dey smooth and clear!


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