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Nairaland Forum / Nairaland / General / Business / Banks Alert Customers To EMTL, Commence Remittance January 31 (33110 Views)
Deadline Remains January 31 For Old Naira Notes — CBN / Old Naira Notes: No Extension, January 31 Deadline Stands — CBN / Bank Alert: Customers Panic As FCMB Fingered In Fresh N7.5b Fraud Scandal (2) (3) (4)
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Banks Alert Customers To EMTL, Commence Remittance January 31 by FreeStuffsNG: 9:14pm On Jan 10 |
Deposit money banks (DMBs) have continued to inform their customers about the directive handed them by the Federal Inland Revenue Service (FIRS) to deduct the backlog of the Electronic Money Transfer Levy (EMTL) on previous foreign currency transactions carried out by January 31, 2024. https://guardian.ng/business-services/banks-alert-customers-to-emtl-commence-remittance-january-31/ 5 Likes 1 Share
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Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by FreeStuffsNG: 9:14pm On Jan 10 |
The directive from the FIRS said deductions will cover transactions between 2021 and 2023. Recall that last month, the FIRS directed deposit banks to deduct and remit the EMTL on foreign currency (FCY) transactions going forward. The tax body said the levy was in line with the Finance Act 2020 and Stamp Act 2004, which impose an EMTL on the transfer of money to any financial institution on any type of account. Your account will be debited by your bank for over 3 years of transactions and the deductions remitted to the FIRS. God bless Nigeria for ever!Check my signature for free stuffs! 6 Likes 1 Share |
Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by Conner44: 9:29pm On Jan 10 |
Imagine today I transferred N100 to someone with my account and in my sms alerts I received notifications for the N100 transfer plus an additional 2 notifications for N25 stamp duty and N10 one thing - one thing fee . . . now they have perfected their plans to add another extra deduction and alert to the trio. Hmm . . . This is indeed Shege Banza Plus Pro Max loaded Na to dig hole for backyard install geepee tank dey store my money in cash be the next move. Make I see who wan come tinubulate my hard earned finances this year. 111 Likes 7 Shares |
Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by Iseoluwani: 9:29pm On Jan 10 |
ah make i dey use my OPAY zenith byebye 63 Likes 7 Shares |
Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by ozo13(m): 9:30pm On Jan 10 |
Conner44:no big deal.someone that can afford to send foreign cash should be ready to part away 50/100 naira.But I hope the banks haven't make dr own deduction Sha all this while 3 Likes |
Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by daveP(m): 9:32pm On Jan 10 |
Reverse-Robin Hood Style 42 Likes 2 Shares |
Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by babaRUNtinz(m): 9:32pm On Jan 10 |
The poor just dey get poorer 31 Likes 2 Shares |
Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by ACRI: 9:33pm On Jan 10 |
Criminal banking system in Nigeria 36 Likes 6 Shares |
Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by MrSundry: 9:33pm On Jan 10 |
This is absolute rubbish. Debiting people for transactions that occured since 2021 does not make any sense. Why can't they start the enforcement from 2024 transactions 104 Likes 13 Shares |
Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by Venom11(m): 9:33pm On Jan 10 |
Omo issue.. Na Wai, how man wan survive this country, I no vote again aswerugad mehn 16 Likes 3 Shares |
Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by AntiChristian: 9:33pm On Jan 10 |
Na small change no dey para! You get foreign dough na! |
Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by sirblend: 9:33pm On Jan 10 |
Tînûbú government will favor you and your family... 43 Likes 3 Shares |
Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by lawalosky(m): 9:33pm On Jan 10 |
H |
Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by yetmao: 9:33pm On Jan 10 |
GTB, worse pass, every transaction, you receive or transfer dem go collect N50. Still charge SMS charges join 40 Likes 5 Shares |
Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by Seequadry(m): 9:34pm On Jan 10 |
One of the main reasons forign transactions was banned on local atm cards.... Millions of people paying for Twitter badges, Facebook ads, Google, that 50naira is too much tho 7 Likes 5 Shares |
Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by kalemy(m): 9:34pm On Jan 10 |
What of the charges that banks have been debiting their customers for cash withdrawals? 15 Likes 1 Share |
Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by makavalley(m): 9:35pm On Jan 10 |
What about unnecessary debts from banks with different charges we don't understand or we can't explain when are they refunding us ? 16 Likes 1 Share |
Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by emnite(m): 9:35pm On Jan 10 |
Wahala tasking everywhere and we're not seeing the money 15 Likes |
Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by joachimnkenchor(m): 9:36pm On Jan 10 |
THIEVES EVERYWHERE 13 Likes |
Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by nautybride: 9:37pm On Jan 10 |
God abeg oooooo! We don enter another one chance! 6 Likes |
Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by Skillsnigeria: 9:37pm On Jan 10 |
Hmmm |
Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by Stevenson20: 9:38pm On Jan 10 |
Make una kukuma kill us all in this corntree. The rich keep getting richer, while the poor keep getting poorer. 10 Likes |
Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by Cassandraloius: 9:38pm On Jan 10 |
CRIMINALS! 8 Likes |
Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by kokakola: 9:38pm On Jan 10 |
Let's learn to live with what we cannot change. |
Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by Dpharisee: 9:39pm On Jan 10 |
FreeStuffsNG:Your fanatism in defending everything thrown at hapless Nigerian citizens by this administration is not different from the man below👇 26 Likes 2 Shares
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Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by SaLongs1(m): 9:40pm On Jan 10 |
Tax, tax, tax!! Only to hear humongous amounts being looted. It doesn't make any sense squeezing the masses dry only for the elite to steal and frit away. 23 Likes 1 Share |
Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by adecz: 9:40pm On Jan 10 |
Right from Lagos, the only way Tinubu sabi generate revenue is by levies, rates and taxing of anything or anybody taxable. They have taxed many companies out of existence and many of these companies have closed shop in Nigeria. He is gradually bringing this taxing mentality to the national level and we already don over feel am, to the level that cost of eating and transportation to work has become impossible to majority of Nigerians. Yet, he is brazen enough to move in convoy of a hundred Jeeps and buy jeeps of 180m for lawmakers❗️❗️❗️ 26 Likes 2 Shares |
Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by tuzle(m): 9:41pm On Jan 10 |
Them they whine person ni. #50 3years backlog for all transfer done on foreign account, abi na me no understand. The amount they will deduct on some people account will be too much. The thing can enter 1m especially for people that do a lot of transaction. 11 Likes 1 Share |
Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by deewhydoski(m): 9:42pm On Jan 10 |
yetmao:Deactivate sms alert and be using email. That what I did 5 years ago. Shingba den no dey deduct for sms 15 Likes 1 Share |
Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by tuzle(m): 9:44pm On Jan 10 |
deewhydoski:they dont do this again especially for gtb. |
Re: Banks Alert Customers To EMTL, Commence Remittance January 31 by Pipefitter: 9:44pm On Jan 10 |
How are the poor paying for executive recklessness, I wouldn't have a problem if we are enjoying the dividends of all these taxation but now it seems Nigerian masses are contributing money for the elites to maintain their life style . 21 Likes |
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