Banks to start charging N50 stamp duty for Transfers above N10,000 from January 1

The post Banks to start charging N50 stamp duty for Transfers above N10,000 from January 1 appeared first on Kemi Filani.Banks are set to start charging a N50 stamp duty on electronic transfers of N10,000 and above from January 1, 2026. This follows the implementation of the Tax Act. The stamp duty or electronic money transfer levy (EMTL) is a single, one-off charge of N50 on electronic receipt or transfer of money deposited in any []The post Banks to start charging N50 stamp duty for Transfers above N10,000 from January 1 appeared first on Kemi Filani.
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