Tag: EMTL
-
Nigeria’s Digital Tax Net Set to Expand, Targeting N230 Billion in 2025
The Nigerian federal government is poised to increase digital tax revenue, projecting N230 billion in collections by 2025 through an expanded Electronic Money Transfer Levy (EMTL) that now includes fintech operators. Initially introduced in the 2020 Finance Act, the EMTL imposes a N50 charge on electronic transfers of N10,000 and above. In September 2024, the…