The claim that Nigerians are now required to pay 7.5 percent on every bank transfer is MISLEADING. The VAT does not apply to the total sum of money to be transferred but on the bank charges for every transfer.
Misinformation And Tax Reform In Nigeria: Fear, Facts And The Need For Clarity
Misinformation And Tax Reform In Nigeria: Fear, Facts And The Need For Clarity Nigeria is undergoing one of its most ambitious tax reform processes in a decade. This major shift came with heightened public interest, debates and a wave of misinformation. Following the passage of the new tax bill in 2025, false claims, fabricated documents […]
