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Nairaland Forum / Nairaland / General / Business / 50 Naira Stamp Duty For Transactions Above 1000 Naira (55736 Views)
CBN Bars Agents From Using Pos Terminals For Transactions / Stamp Duty Charges Extended To Savings Account / POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira (2) (3) (4)
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Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by Patosky4U: 5:02pm On Oct 16, 2019 |
Goldencheese: U must be using AMF current account as this is not applicable on individual savings account 1 Like |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by Nobody: 5:05pm On Oct 16, 2019 |
Omooba77:I tell you. The thing shock me too on Monday when I encountered it. They just wan frustrate poor for dis country. Online businesses will be most affected. Imagine how konga, jumia etc will be affected Even the mobile money that has been providing jobs for poor people will die a natural death will dis. |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by sapele914(m): 5:07pm On Oct 16, 2019 |
Goldencheese:N50 Naira stamp duty for 1 Million Naira transfer and you are complaining? 1 Like |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by Nobody: 5:08pm On Oct 16, 2019 |
Goldencheese:That was for online transfers. They've added online businesses. That is why POS are now affected 1 Like |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by Nobody: 5:09pm On Oct 16, 2019 |
Omooba77:Little wonder i was debited #50 for a GtRescue withdrawal i did on a GtBank atm yesterday. It was treated like a POS transaction. Chai! |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by Goldencheese(m): 5:10pm On Oct 16, 2019 |
Buckubuck: Thanks |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by sapele914(m): 5:11pm On Oct 16, 2019 |
Buckubuck:Wrong assertions, 50 Naira will not kill a business or person, more revenue, more progress, more development. N50 stamp duty for your purchase from Jumia will not bend your wallet. |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by Nobody: 5:16pm On Oct 16, 2019 |
sapele914:See ehn zombie, this ain't the right time to quote me. If you don't want me to curse you. You fools will be defending government. Tell mi one thing, just one thing that the govt has gotten right in terms of its responsibilities to justify taxing the poor to death. This same govt gave people 10k and you people hailed. Now you're saying N50 will not kill. That N50 will end up killing POS business take it or leave it!! 5 Likes 2 Shares |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by damble: 5:18pm On Oct 16, 2019 |
IT A SHAME THAT THE LIKES OF BAKARE, SOYINKA, FALANA ETC CAN'T CALL FOR PROTEST AGAIN because THEY ARE NOW DINNING AND DRINKING WITH THE DEVIL |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by BigBashiru: 5:19pm On Oct 16, 2019 |
kingkakaone: Africans are the cursed descendants of Ham/ Canaan that were cursed in Genesis. They also want to tax/fine uber/taxify out if business. Africa's problem is spiritual. Africa is cursed. Read Genesis 9 & Genesis 10. |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by Nobody: 5:21pm On Oct 16, 2019 |
DennisEche:It's not a lie. CBN announced it then. But it didn't affect online businesses. Only cash transfers and I think it was 5k and above then 1 Like 1 Share |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by Nobody: 5:23pm On Oct 16, 2019 |
Pavarottii:POS used to collect 100 as charges for every 5k as third party transactions. Now they've added 50 naira stamp duty charges |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by Nobody: 5:33pm On Oct 16, 2019 |
DonFreshmoney:That's not true. There are more POS in villages acting as withdrawal points where there's not even a single bank 3 Likes 1 Share |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by Nobody: 5:36pm On Oct 16, 2019 |
1StopRudeness:Sanusi removed that particular charge as CBN governor only for emefiele as a boy boy of the elites and cabal to reintroduce it |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by Nobody: 5:36pm On Oct 16, 2019 |
Goldencheese: Current Account Only. Havent seen such on any of my saving account in any of the banks i operate. |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by SocialJustice: 5:44pm On Oct 16, 2019 |
Omooba77:You mean N50 plus the normal N52 they charge? So they now charge N102 for transfer, I don't understand. |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by ngwababe(f): 5:53pm On Oct 16, 2019 |
AJohnnasa |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by Glorymax: 6:01pm On Oct 16, 2019 |
How many can they kill if we have a wide, willing people that will stand up against these political traitors subjecting the masses to untold hardship and broad day robbery? But do we have a wide, willing people to bare this sacrifice? No we don't. Our ranting ends on social media platforms. They even send threat messages or direct threat to those who makes so much noise on social media. Well, let's keep living and lamenting |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by felixawe(m): 6:03pm On Oct 16, 2019 |
Stamp duty is a credit transaction above N1000 threshold chargeable against current account. Self transactions is exempted from stamp duty charges. |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by Ayemileto(m): 6:07pm On Oct 16, 2019 |
Goldencheese: You probably use a current account and in that case they charge for deposits and withdrawals above ₦1,000. In the case of the OP, they've started deducting/charging ₦50 for POS/Online transactions. This fees does not exist before. I've never witnessed or experience extra ₦50 deduction from my account even though I use POS and pay regularly online. I think it's a new charge, except the OP is also using a Current account. But from the bank's reply, that's not the case. |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by Dee60: 6:19pm On Oct 16, 2019 |
Goldencheese: This is a new one. |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by inyenejo(m): 6:21pm On Oct 16, 2019 |
If u are a sane mind please say no to apc but if u are a fool continue to support and vote for them. |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by Digitalcreator(m): 6:22pm On Oct 16, 2019 |
faceland: Ok sir |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by IDnoble1: 6:23pm On Oct 16, 2019 |
Omooba77:Not only docility but poverty and death. Nigerians are the worst I have ever known in terms of the stupid sentiments of all forms. |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by nisco18ng(m): 6:29pm On Oct 16, 2019 |
Pavarottii: ...⛑� 'revolute' spotted. 'Treasonable felony 'loading. He must also be a money launderer.��� 1 Like 1 Share |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by bayelsaowei(m): 6:58pm On Oct 16, 2019 |
Pavarottii:better apology... ...the next level fools are all quiet.. |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by bayelsaowei(m): 7:00pm On Oct 16, 2019 |
isthatso:very apt.. |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by elujah1(m): 7:00pm On Oct 16, 2019 |
JubrinElSudan:its theirs the deduct from, they do it lump sum at the end of the day. Total number of transactions above 1k x N50 |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by breezeng: 7:05pm On Oct 16, 2019 |
Enjoy the change |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by charlesELIKIBA: 7:11pm On Oct 16, 2019 |
Pavarottii: 3rd tenure gini? .... its impossible |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by Pavarottii(m): 7:19pm On Oct 16, 2019 |
charlesELIKIBA:All these ones is increasing won't u av said impossible? Av u seen anyone or group succcessfully protested against this govt? |
Re: 50 Naira Stamp Duty For Transactions Above 1000 Naira by Legendguru: 7:23pm On Oct 16, 2019 |
Oh |
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