NRS Clarifies VAT on Bank Charges: Transfers Not Taxed
NRS confirms 7.5% VAT applies only to bank service fees, not money transferred; savings, food, and essential services remain exempt.
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Tag: Banking
No Bank Account Deductions Without Court Orders, Oyedele Clarifies Amid Tax Law Fears
Tax authorities cannot debit bank accounts without court rulings, Oyedele says, dismissing claims of arbitrary powers under new tax laws.
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