CodeTemplar:
I that's the case the common sense should have told them that there should be some kind of threshold to make it sane. They ask for accounts holding money beyond certain amounts or people with combined funds beyond certain amount.

softset:
I am thinking these government officials are usually drunk and possibly high on some shit in the evenings, why would the social media handle of the government say A in the morning while another agency says B in the evening.


Dont they have a chain of command that reviews all that goes out to the public?

My advise for those that have the opportunity to leave this country...please move fast. I did that over 20 years ago and have no single regret. Get another passport as option B. If only for the sake of your children.

Although I am back, but in a MUCH better situation.

MeinKampf:

Are you guys not tired of always trying to defend this useless leaders that care no bit for the citizens of this country? You guys are always quick to justify every selfish policies with intent to generate more money to maintain the outrageous lifestyle our leaders are living while you live out all the good policies the countries you derive your justifications from are implementing in their various countries. Remind me what UNESCO standard on Education and Health are and when is this government domesticating same here? For this government, it's always copy every policy from international organizations that will help them milk and tax their citizens without copying those benefits that the citizens of other countries are enjoying

naptu2:


You are absolutely right. I didn't want to include it in the post because the communication from the government is clumsy, but I remember that there is a treshold in the original OECD directive. I think it was a million dollars or something similar. However, the Nigerian Government has not said anything about the treshold.

rontolo:
In compliance with that protocol, people who have bank accounts in other countries and foreigners who have bank accounts in Nigeria are required to obtain, fill and submit the self certification forms. This does not apply to all bank account holders in Nigeria. (This is to enable governments to collect tax from their citizens that are based abroad). The banks are expected to know the customers that this directive applies to (due to the Know Your Customer [KYC] programme) and to inform them of the directive

I LOL a the bolded. Bunch of id1o.ts. Let them come and tax me nau! I will rather close my Nigeria bank accounts than pay a dime in tax to these corrupt, incompetent lot. If they want my tax, they should start with the following:

1. Cut cost of governance, reduce the number or planes in Buhari’s fleet
2. Reduce wastage in and around Asso Rock on food, phantom maintenance
3. Reduce annoying waste in the legislature
4. Combat corruption genuinely and transparently

Until then, they can get lost!

soberdrunk:
See confusion everywhere, to think I made enemies supporting this government only for them to reward me with incompetence and shameful acts every other day breaks my heart everyday....... I nor just know wetin make me fall in love and believe Buhari die that year, I was defending him as if they were paying me for PR, I was under strong illusion that in 2 years he will have transformed Nigeria.......

DirtyGold:
I'd rather say it was a stunt to test public response because you cannot tell me that it is the same person that issued the directive that composed and tweeted it... Yeye dey smell!

The government clearly sees the citizens as customers... this current administration just happens to shamelessly highlight and spotlight that fact.

Where other sensible governments around the world are constantly asking and seeking how to protect and give their citizens benefits, ours here are constantly looking for ways to inflict pain and hardship on its citizens... and they are never short of these ideas. That's why they loot mindlessly and do everything for personal interest. The ones done to look like public benefit are actually done to gather political clout...

God punish all the vampires in the corridor of power, amen!

What's tha business?

Slawormir:
Damnnnnn niggarrr
Isoright
Some times ehnnnn you go just dey feel say the people way dey handle government social media platforms don high

GreyLaw:
Nonsensical stuff. So if I have money in foreign bank accounts I should come and tell you so you can tax me, right? No sir! I don't give money to criminals.

The tax I am paying here in Nigeria is enough.

jericco1:
The federal government should learn to harmonize such sensitive news piece before dishing it out to the general public.

They should stop behaving like reprobates.

samtee37:
Why are this government behaving like someone in the 19th century
Cant they just digitize everything instead of going to bank with all the stress

I weak

softset:
I am thinking these government officials are usually drunk and possibly high on some shit in the evenings, why would the social media handle of the government say A in the morning while another agency says B in the evening.


Dont they have a chain of command that reviews all that goes out to the public?

My advise for those that have the opportunity to leave this country...please move fast. I did that over 20 years ago and have no single regret. Get another passport as option B. If only for the sake of your children.

Although I am back, but in a MUCH better situation.

twosquare:
Sensible comment so far. All I see since for front page na rant. It equals double taxation. You pay money to IRS, you still pay to Naija, ṣe? Who does that...? Nah...not happening...They're trying to copy the American system of remitting taxes from abroad, but FG forgot that it's a country that works....people wey don renounce Naija tey tey

johnshagb:


That's a relief. I can't imagine myself going to queue at the bank for hours so the government can screw me over once more with my hard earned money. That kind of information should be scrutinized properly before being released to the public.

Imagine the kind of tension that brought to the people. Just preposterous

dyera:
I be don fear say for this social distancing period wey to enter bank deposit money you need to wait outside for more than two hours, them come tell people to pack go bank, heh.


Anyway, those of you that will be going to vote tomorrow, no vote for broom o, no vote for broom. Vote the umbrella party.

inoki247:
I think say dem wan pass message say dem hacked dem or na opposition type am for dere Twitter

Zico5:
(This is to enable governments to collect tax from their citizens that are based abroad). I don't really understand what's going on in this country. They are running out of idea thereby putting immense pressure on people based abroad. These people are paying tax in their respective country and is it a sin to save money in ur own country. This is a bad precedence on the part of the government calling themselves progressive. For how long will the masses continue to bear the burden of this government. No direction, no way forward. Everything is just upsidedown.

softset:
I am thinking these government officials are usually drunk and possibly high on some shit in the evenings, why would the social media handle of the government say A in the morning while another agency says B in the evening.


Dont they have a chain of command that reviews all that goes out to the public?

My advise for those that have the opportunity to leave this country...please move fast. I did that over 20 years ago and have no single regret. Get another passport as option B. If only for the sake of your children.

Although I am back, but in a MUCH better situation.

soberdrunk:
See confusion everywhere, to think I made enemies supporting this government only for them to reward me with incompetence and shameful acts every other day breaks my heart everyday....... I nor just know wetin make me fall in love and believe Buhari die that year, I was defending him as if they were paying me for PR, I was under strong illusion that in 2 years he will have transformed Nigeria.......

Nigeria explains taxes on citizens living abroad

by Oladeinde Olawoyin

August 3, 2017

The Finance Minister, Kemi Adeosun, on Thursday gave clarifications on the Nigerian government’s plan on diaspora taxes.

Mrs. Adeosun made this clarification during a Facebook LIVE video chat tagged “Tax Thursday”.

While responding to questions during the tax programme monitored by PREMIUM TIMES’ correspondent, Mrs. Adeosun explained that the new tax regime isn’t meant for all Nigerians living in the diaspora.

“It is not (for) every Nigerian; it is for Nigerians resident for tax purposes…If you are a Nigerian resident for tax purposes, it means you live in Nigeria for 195 days of the year,” she said.

“We’ve signed bilateral agreements with many countries, there is no double taxation. If you are paying your taxes in the UK, America or Canada, you are not affected by the scheme.

“However, if you are collecting rents on properties – we found in our profile that a lot of properties are owned by Nigerians in the diaspora; they collect the rent and remit it to America or they keep it here but they don’t pat tax – those rents that you collect in Nigeria, to the extent that you didn’t declare them in the country you live in, you need to declare them under rent.

So, in that regard, some of the diaspora (residents) are affected,” she said.

The minister explained further that Nigerians working and doing businesses abroad are exempted from the tax regime, adding that it is meant for Nigerian residents.

“The vast majority of Nigerians who are just doing their jobs or running their businesses abroad; No, we are not taxing you. We are taxing Nigerian residents, many of whom also own properties abroad. So, I need to make that clarification,” she said.

“There is no tax for people that live, work abroad. You are already paying your taxes there, we don’t have any issues with you. The people we are targeting are those who are Nigerian residents for tax purposes.

“And the thing is… you must pay tax somewhere. You can’t avoid taxes completely. So, if you are in England, surely you are paying taxes in England. But if you are a Nigerian resident, and you are paying taxes in England, then we have some issue with you which is around adequacy of your tax returns and for that we are already comparing notes with the Inland revenue of the IRS in America.

Mrs. Adeosun however added that those registered as taxpayers in Nigeria would have to pay taxes in Nigeria, irrespective of wherever they are across the world.

“But if you are resident for tax purposes in Nigeria, you have to pay your taxes in Nigeria. So, if you live abroad, hold up in London or Dubai for most of the year, but to the extent that you are registered in Nigeria as a taxpayer, you have to pay your taxes here in Nigeria, including taxes on income that you earn abroad.

“So, a Nigerian that owns a property abroad and rents it out, that income is taxable in Nigeria.

The fact that you didn’t remit it to Nigeria the tax laws don’t make that distinction. The fact that you earned it, you have to declare in Nigeria and pay tax on it in Nigeria; that’s what the tax law requires and that’s what we will be enforcing,” she said.


On the issue of taxing first class tickets and luxury coaches, the minister said there were plans to implement the initiative.

“I think yes,” she said in response to the question, adding that, “We signed something yesterday on luxury goods; champagne, brandy, whiskey, wine, jewellery, high-end jewellery.

“We’ve signed something that will bill access charge on first class and business class tickets, we are just doing the final parts of the implementation and we also want to try and amend the tax payer book on high end cars, luxury cars,” she said.