₦airaland Forum

You have two bank accts let's say acct A and B, same BVN, same NIN and same phone number.
You transferred 10k from acct A to B all belonging to you and for sending money, you are charged for
1. Transfer fees
2. VAT on transfer fees
3. Electronic debit message sent to you
4. VAT on debit message

Then for transferring to ur own account B, you are charged for
1. Fund receiving fee
2. VAT on fund receiving
3. Credit SMS alert fee
4. VAT on credit SMS alert fee.

If this is not double taxation what then is the definition of double taxation?

Different banks, different infrastructure.

Go to UK and don't pay tax

If it's Ur own account, why transferring the money .

The bank system doesn't differentiate accounts when charging money. It's only when investigating accounts that they can identify the account belong to same person.

Walai:
You have two bank accts let's say acct A and B, same BVN, same NIN and same phone number.
You transferred 10k from acct A to B all belonging to you and for sending money, you are charged for
1. Transfer fees
2. VAT on transfer fees
3. Electronic debit message sent to you
4. VAT on debit message

Then for transferring to ur own account B, you are charged for
1. Fund receiving fee
2. VAT on fund receiving
3. Credit SMS alert fee
4. VAT on credit SMS alert fee.

If this is not double taxation what then is the definition of double taxation?

By next year, the banks will be calculating your biz profits and be deducting taxes on them straight from your accounts. If this does not lead to massive uprisings in this queer country, nothing will. ..

A government that has created zero jobs want to be monitoring citizens bank deposits so as to tax and spend on the luxurious lifestyles of a few corrupt oligarchs in power...
Enough should be Enough!
Something must give...