No tax on bank balances, only transfers attract N50 — CITN

SKAiF NewsNG SNN SKAiF NewsNG SNN
Jan 7, 2026 - 11:00
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No tax on bank balances, only transfers attract N50 — CITN
Nigeria’s tax reform explained: The CITN clarifies there is no tax on bank balances, only a ₦50 stamp duty on specific electronic transfers over ₦10,000. Read More: https://punchng.com/no-tax-on-bank-balances-only-transfers-attract-n50-citn/
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