Understanding EMTL: The Guide to Electronic Money Transfer Levy on Rev360
The Electronic Money Transfer Levy (EMTL) of ₦50 on transactions above ₦10,000 is now centrally managed via the Rev360 portal.
For financial institutions and agents, the filing process is now automated based on transaction volumes.
For a full walkthrough of the new tax portal, see our [Complete Rev360 NRS User Guide (2026 Edition)].
The EMTL Filing Steps
- Download: Select EMTL from the Taxes Due list and download the worksheet.
- Populate: Enter the Total Transaction Count, excluding reversed or canceled transactions.
- Automated Computation: The system multiplies your net count by ₦50 automatically.
- Validation: Review the preview screen to ensure your internal bank records match the portal’s count.
Need Help Reconciling Your EMTL Volumes?
Incorrect transaction counts can lead to an NRS audit of your platform. Our Compliance Desk specializes in EMTL reconciliation and automated remissions on the Rev360 portal.
[Chat with a Compliance Officer on WhatsApp] or [Request a Professional Consultation]
While managing your ₦50 levies, ensure your monthly [Value Added Tax (VAT) on Rev360] returns are also up to date to avoid portal blocks.
