Agent Association Rejects 7.5% VAT on Bank Transfers, Alleges Double Taxation
The National President of the Agents Association of Nigeria, Sarafadeen Atanda Fasasi, has strongly opposed the planned implementation of a 7.5 per cent Value-Added Tax on bank transfers and Unstructured Supplementary Service Data transactions, describing the measure as double taxation and warning it could undermine Nigeria’s financial inclusion objectives. The controversy erupted following indications…