No Tax On Bank Balances, Only ₦50 Stamp Duty On Transfers — CITN

The chairman of the Chartered Institute of Taxation of Nigeria (CITN), Abuja District, Ben Enamudu, has dismissed claims that Nigerians’ bank balances will be taxed under the new tax regime, clarifying that only certain electronic transfers attract a ₦50 stamp duty and that the reforms were designed to protect low-income earners. Speaking in an interview

Read More