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Why Do Banks Charge VAT On Account Maintenance Charges - Business - Nairaland

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Banks Charge Customers For Failed Transactions / 10 Banks Earn N22bn On Account Maintenance Charges (Names) / 5 Banks Earn N15.7bn On Account Maintenance Charges In Q1 2019 (2) (3) (4)

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Why Do Banks Charge VAT On Account Maintenance Charges by FX(m): 9:29am On Jan 01, 2021
Happy New Year to everyone. Just this morning my bank sent me two debit alerts on my corporate account. One of the debit alerts reads account maintenance charges for December and the other debit alert reads VAT on account maintenance charges. Am I to pay for VAT on account maintenance charges ? I think the bank should pay the VAT because they received the value and not me.
I dont really understand all these charges. These banks are just criminals.

Re: Why Do Banks Charge VAT On Account Maintenance Charges by CandyOps(m): 10:00am On Jan 01, 2021
they tax u for receiving money, tax the sender too. Tax u on withdrawal the money already taxed money. tax you when you spend the money and tax you when you die.

It a taxified world my brother. I won't be surprised if I get taxed at Heaven's gate when I die bruh sad angry

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