Wickedfacts:


You're a dumb fool from a lineage of blockheads.
Doesn't commonsense teach you precedence in critical thinking?

I wonder what your parents were doing when others were educating their children.

GideonG:
Please does this apply to withdrawing dollars from your domiciliary account?

BuddhaPalm:


For now, I don't believe it affects dom account inflows. Just people sending out.

SmartyPants:


Remote workers are not taxed at source.

francichuks:
I think it is a good policy. U see,Truth be told,majority who criticise d CBN governor knows in d debt of their heart that it is aimed at bringing citizens to do their civic obligation or u call it responsibilitiy. For instance,if u dont have any business with Domiciliary account or transaction,wetin cincern u? It is a way of saying,to whom much is giving(those who earn in hard currencies) should also pay in proportion to d tune of what they earn(much is expected). D only reservation I have in all these,is that d economy doesn't encourage husslers,especially those who don't do fraud business. D economy is too harsh! Even hinest people are tempted 2 do wrong things,when they are frustrated,by harsh economic background. U know,in this country,Poverty is a default setting. Haba! Let start creating d enabling environment by ourselves,by voting d right people to public offices,especially in this forth coming election in 2023.

Yankee101:


Firs sent this to banks or what?

nlfpmod:


https://twitter.com/samlogic_/status/1605208397347180544

seunayantokun:
The next step to the burial of what is left of the economy.

einsteine:


How would they spend the money in there without sending out?

abbey621:


Both countries shows that taxation is not the same thing as good or bad governance....My point still stands, taxation is a mandate, what they do with such taxes is another thing. You can pay all the taxes you want and still suffer(North Korea), you can pay and enjoy (South Korea).

am4truth:


So you admit that you are Olodo.
Always quick to spew trash.

owagbeba:


If you have ran a business in this country then you’d understand what multiple taxation means. 20 -35% import duty plus 7.5% VAT, 5% ETL and 7% surcharge. It’s crazy! Then you pay VAT again at FIRS and the another “agbero” tax ( over 100k) to access the road. Doesn’t it read like madness?

In SKorea you mentioned, export tax is applicable, however you can apply to get a rebate from government .

Bigfish121:
Your company is supposed to be remitting to govt which they will inturn register tin for you.

zolajpower:

The bank stamp that was received by him , close to 19billons or thrillions in naira where is it and what has he done with it ? This party is really an anti people I swear .
The sponsors of terrorist how many has checked there account?

dalass:


They want more for their over bloated account and embezzlement before they finally leave office.

So much unremitted funds inIRS, Customs, NNPC, VAT and other funds trapped in our Banks are not paid into FGs coffers yet they want more taxes from hardworking Nigerians who hustle to eke a living

Evii:
What about payment of tuition fee for prospective students?

einsteine:


Yes

Lifestone:
We are getting there gradually. Nigerians don't pay direct tax so they couldn't feel the impact. I'm sure with this, nobody will teach us to vote responsible leaders into positions, nobody will mobilize us to chase out corrupt leaders and nobody will mobilize us to expect good performance from government that have taken so much from us but has given us so little

seunayantokun:

I don't have problem paying tax, I think the government just needs to be honest and love the people and they will easily be able to fight crimes of all sorts. Also, getting forex shouldn't be tied to tax history. That may rather be part of what to look into when a crime is suspected to have been committed and an investigation is being carried out. I see that development as something showing they have lost touch with reality. It may help them rake in some revenue but will do more harm than good. Anybody can get forex in many countries of the world, for instance, without having to show any evidence of tax payments because there are other ways to ensure you do not evade paying your taxes.

NinjaXmetahuman:
it's painful.

What is more painful is how some people support the policy like zombies when they can't point out to what government did with previous policies.

They increased vat, collect stamp duty etc, they borrow in billions of dollars. Despite all of that, common man cannot point to a basic amenity that is functioning right.


Yet they want more and these people keep supporting them.

snoopz:
No wonder they want to arrest Godwin baba dey seriously press their neck against the forthcoming general election

bdon123:

U xpect emefiele to name terrorist sponsors for u? Something that ur government are not willing to as they cronies are d sponsor of terrorism in naija.See ano emefiele is incompetent in many ways,bt not in this.He has d backing of we de people.Wat he is doing affects me alot,bt i still support d new notes n reduction of cash in d economy.As i always say,if u afraid to use bank apps for ur transactions,u probably are not legit

Jozilinn:
This man eh why all this during election period, imagine since when he became cbn governor what has he done for his State and the masses...God help us in this country.

makaveli902:


What do you want him to do for his state, is his appointment a state appointment? Or maybe am not getting you correctly...

Jozilinn:
So e money and obi Cubana have political appointments abi? Imagine emefiele running for president with just his record as cbn governor,if our rich men and women in society,are giving back to the society by uplifting people what about people given appointment in government, how much did he give to delta state during flooding... make we dey reason all this things now, wetin you no dey do before can you do it when elected....

BuddhaPalm:


Cash withdrawal.

einsteine:


I'm pretty certain if this news is true, it would also apply to cash withdrawal.

Not to mention that banks make cash withdrawals at their own discretion. The CBN could also bring back the rule that you can only withdraw cash deposits while inflow must be transferred.

quentin06:


Yes, I think the govt has not been sincere in allowing local industries to grow, basic infrastructure like roads , electricity are not even available, You want to set up a factory, you spend on land, building , roads security and power generation, then the FIRS comes and starts hounding you for taxes, they refuse to recognize that you spent money providing the basics which their principal the FG failed to provide in the first place.

Fg restricts dollars for people who need it for business for even though smaller amounts but allows cronies to enjoy dollars at rates way below the official rates, these people dont invest in the local economy, they just extract income and transfer to another jurisdiction, they dont pay taxes, so FG has to get it from you and me, it is very wrong and its the reason why our balance of trade is in deficit.

einsteine:


People who earn income via platforms like YouTube, Google adsense, Amazon KDP already pay tax to the US government. 30% infact.

Winters23:


Wahala for bloggers & YouTubers.

How dey wan take withdraw dollars now, because I sure say them no dey pay tax