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FIRS imposes N50 Levy For Transfers From ₦10,000 & Above - Business - Nairaland

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FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by fergie001: 3:44pm On Sep 07
OPay has announced a new charge on electronic transfers into personal and business accounts in compliance with Federal Inland Revenue Service regulations.

Starting September 9, 2024, a one-time fee of N50 will be applied to transfers of N10,000 and above.

In a notice to its customers on Saturday, OPay stated, “Dear valued customers, please be informed that starting September 9, 2024, a one-time fee of N50 will be applied for electronic transfer of N10,000 and above paid into your personal or business account in compliance with the Federal Inland Revenue Service regulations.”

The company clarified that the charges are requirements from the government and not a source of revenue for the payment platform.

“It is important to note that OPay does not benefit from these charges in any way as it is directed entirely to the Federal Government,” the notice read.

The introduction of this fee follows the Federal government’s efforts to generate revenue from electronic transactions through FIRS regulations.

SOURCE

7 Likes 2 Shares

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by EyeCumInPiece: 3:46pm On Sep 07
Thïefnubu is maad! grin

600yrs of suffering for all those still supporting this éBola plague.

492 Likes 52 Shares

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by Aboks(m): 3:49pm On Sep 07
Mad people

Tinubu has happened to Nigerians


Tinubu the tax collector

275 Likes 15 Shares

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by immortalcrown(m): 3:55pm On Sep 07
Emilokan

95 Likes 4 Shares

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by givedemwotowoto: 3:57pm On Sep 07
This transfer levy already existed for senders, right? Now they're including recipients.

He said he will widen the tax net, he wasn't kidding. That's the only way he knows to generate money for his private jets and lavish living.

This method works in Lagos because the state was already the center of commerce for Nigeria with seaports vital to Nigeria's economy, but when you're dealing with a national economy which includes over 30 struggling states, you have to get more creative.

He is highly deficient in this regard, that's why Nigeria is in crisis right now from his policies.

This is why I support Peter Obi. His focus is on Nigeria's major revenue sectors to encourage production and exports. Widening the tax net only works for a vibrant economy else you will kill ailing businesses and there won't be new ones to replace them if you're not attracting them.

Do you know that the US imports up to 20% of their agriculture supply and up to 15% of their processed food from abroad? Guess who's on that top 20 supplier list? India, Malaysia, Thailand, and China. These countries have no borders with the US. In fact, they are further away from the US than Nigeria.

Do you know that the UK is a net importer of food, with up to 50% of their food products imported from abroad? Guess who's in the top 20 suppliers of agriculture imports to UK? South Africa and India.

But you can't achieve agriculture without fighting insecurity. You also can't boost oil production without fighting illegal refineries and other issues challenging oil production, and of course the heavy corruption in NNPC happening even with limited production.

Then you think about foreign investors. You have to be out there and have a respectable background as well. Obasanjo's first term in office was spent mostly on international trips abroad focused on rebuilding Nigeria's image, debt relief, attracting foreign investment, building diplomatic relations, and positioning Nigeria to secure a role in global governance.

These things are very important and can't be achieved by a leader enabling tribal bigotry among Nigerians as a means to keep their hold on power

267 Likes 22 Shares

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by Tayorshd87(m): 3:57pm On Sep 07
What is wrong in this country that the poor cannot use escape route to make transactions all because u knew people are not using normal banks anymore due to their enormous charges now the OPAY people ran too yet u place fee on it again 🤔

So if people migrate to palmpay meaning in due time u Wil still tag 50 tax again 🤔

Nigeria my country 😏

I actually voted this man all in the name of he should replicate how he built Lagos not knowing Lagos is a room but NIGERIA is a big compound 🙁☹️☹️🙁☹️

160 Likes 12 Shares

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by edlion57(m): 3:58pm On Sep 07
We don finally enter ....the poor are now feeding the rich

206 Likes 14 Shares

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by irepnaija4eva(m): 3:58pm On Sep 07
I'm telling you folks, they'll soon tax the Air we breathe..

170 Likes 8 Shares

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by donestk(m): 3:58pm On Sep 07
Tax man

54 Likes 2 Shares

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by Mitsurugi(m): 3:58pm On Sep 07
angry
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by Jestin: 3:58pm On Sep 07
Tinubu came to steal, kill and destroy

203 Likes 17 Shares

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by Lalami3232(m): 3:59pm On Sep 07
Weather you cry, get angry, pray, insult or accept it, the government is here to stay for 8yrs 4yrs. Shebi una say Jonathan was too weak? So why the unnecessary complains?? Pls make nobody come here to lament, embrace whatever the first 4 yrs gives to you in peace. We have over 1000 days more, so learn to embrace the ride cheesy.
What do I even know sef aside enlightening my fellow men nationwide with the good news

Oga if you no meet your wife as a virgin, oga go for DNA test oooooo because boreholes aka non-virgins can't be trusted atall atall

88 Likes 4 Shares

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by chukwuibuipob: 3:59pm On Sep 07
angry nah OGUN ,AMADIOHA go blind/cripple una

50 Likes

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by diamond68: 3:59pm On Sep 07
shocked
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by oneda(m): 3:59pm On Sep 07
Hehehehe
Monday morning talking about Tinubu while he's making money
Hehehehe
I no ever take it on DM my haters hehe

APC supporters don dey enjoy life hehe

Add your own lines

22 Likes 1 Share

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by thiefnubu(m): 3:59pm On Sep 07
Emilokan applyiing his genius blueprint that he used to develop Lagos grin


Tesiwaju till 2098 grin

18 Likes

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by travelzcruix: 3:59pm On Sep 07
E don be so that poor Nigerian don turn foreign investor by force.

14 Likes

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by christejames(m): 3:59pm On Sep 07
Tinubunomics, killing Nigerians

35 Likes 3 Shares

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by Kinoike: 3:59pm On Sep 07
Their madness continues

13 Likes 1 Share

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by Olam09(m): 3:59pm On Sep 07
Lol.. something wey dem don dey collect from me for the past 3 years 50 naira fgn charges on credit alert above 4,000 naira.. i pay up to 30,000 naira for fgn charges in a month.

8 Likes

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by Franktom247(m): 3:59pm On Sep 07
I always send my money in bits no be my money una go dey use for another thing

32 Likes

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by Tayorshd87(m): 3:59pm On Sep 07
So Tinubu cannot command them to stop

4 Likes

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by Matheusmartin: 3:59pm On Sep 07
..
All na part of hard decisions Nigerians would have to make..

grin

37 Likes 2 Shares

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by Yorubastardz: 3:59pm On Sep 07
Tinubunomics 😂😂😂😂😂

Them go Tax Tax Tax Tax Tax Tax till you die.

That is how he built Lagos😂😂

45 Likes 1 Share

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by Loveisnotenough: 4:00pm On Sep 07
Them go soon start to pursue us comot for house now. Normally, we no deserve anything.

8 Likes

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by braine(m): 4:00pm On Sep 07
Haha…

Nigerians have not seen anything yet. Una go hear am. cheesy

20 Likes

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by Tayorshd87(m): 4:00pm On Sep 07
Oga we go use palmpay instead ..

Palmpay is still tax free for now .

Make Una take note

8 Likes

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by Waksdabos(m): 4:00pm On Sep 07
Thank you Mr President. You doing a great job to liberate Nigerians from Poverty!

10 Likes

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by Okortor: 4:00pm On Sep 07
Opay wey we dey use guide unto say no leeching charges unlike other bank's. Na im govt don chuk eye put.......JAGABAN, LET THE POOR BREATHE..........

20 Likes 2 Shares

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by Balistic4: 4:00pm On Sep 07
Apc members are exempted grin grin

49 Likes 1 Share

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by BrighterSyde: 4:00pm On Sep 07
Where are those Apc supporters? They are becoming too quiet for my liking.

63 Likes

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by Oghene86: 4:00pm On Sep 07
fergie001:


SOURCE

Defenders come and defend your failures, is Opay not paying tax, what is the reason for this.

27 Likes 2 Shares

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