An Important Update About Stamp Duty

Based on the Nigeria Tax Act 2025, the ₦50 stamp duty that was previously charged on each payment of ₦10,000 or more made into your Paytali or Paytali Business account will now be paid by the sender.

This change applies from Thursday, January 1, 2026.

• You’ll no longer be charged ₦50 when you receive payments of ₦10,000 or more in your account.
• If you make a payment of ₦10,000 or more to another account, you’ll be charged the ₦50 stamp duty.

• Transfers from your account that are less than ₦10,000
• Transfers you make to pay salaries
• Transfers between personal Paytali accounts that belong to you
• Transfers between Paytali Business accounts that belong to your business

No, we don’t gain anything from this charge. It’s a Federal Government charge that all financial institutions have been directed to apply. We hand over the entire charge to the Federal Government.

If you have any questions about this charge, please chat with us.