Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,158,432 members, 7,836,729 topics. Date: Wednesday, 22 May 2024 at 12:01 PM |
Nairaland Forum / ADEMOSU's Profile / ADEMOSU's Posts
Culture / Re: RCCG Pastor, Afolabi Ghandi Olaoye Is The Soun Of Ogbomoso by ADEMOSU(m): 2:38pm On Sep 03, 2023 |
Conflict loading I pray that God grant him needed wisdom to serve his people and God |
Business / Re: Stamp Duty Charges Extended To Savings Account by ADEMOSU(m): 4:10pm On Mar 17, 2020 |
Not true. If the memo is referring to finance act . There is no such provision . It only review charges from 10k as against 1k on current account |
Crime / Re: How 19-Year-Old Boy Drugged Landlady, 52, And Raped Her In Ogun by ADEMOSU(m): 5:19pm On Mar 03, 2020 |
Something fishy . Woman renting house to a teenager . What is his source of income ? 1 Like 1 Share |
Properties / Re: Omo Onile In Lagos State: Share Your Experiences by ADEMOSU(m): 8:33pm On Nov 22, 2019 |
Mixed feelings . Useless and time wasters but on a lighter mood you will hear stories which oba of Lagos does know �. |
Business / Re: What Is The Difference Between A Current Account And A Savings Account? by ADEMOSU(m): 11:23am On Nov 15, 2019 |
[quote author=dottozil post=84025927] Thanks alot, how do the COT work, cos am interested in upgrading my savings account into current and I won't want unnecessary charge.[/quote You cannot upgrade a savings account to current account . You either upgrade a savings to another type of saving e.g Hybrid (feature of saving n current). Or you open a new current a/c |
Business / Re: I Repaid N1.1m Loan ‘In Kind’ Thrice - Woman Tells Court by ADEMOSU(m): 8:41pm On Oct 07, 2019 |
It would have been more appropriate for the woman to claim that contractual agreement between sleeping partner not enforceable at law � pocohantas: |
Religion / Re: Alleged Tax Default: FIRS’ Action Embarrassing – Assemblies Of God Church by ADEMOSU(m): 10:11pm On Aug 22, 2019 |
]universities and colleges do not pay income taxes; however, they do pay other forms of taxes, such as payroll taxes for their employees. and generally must pay tax on income from an activity, trade, or business that is not substantially related to their educational tax-exempt purposes. That is from Dalliot Just like I told you earlier, my major point of argument is that churches are liable to pay taxes if they engage in commercial activities. The provisions of section 23(1)(c) of Companies Income Tax Act, Cap C.21, Laws of the Federation of Nigeria (LFN) 2007 (as amended) ('CITA') provide that the profits of any company engaged in ecclesiastical, charitable or educational activities of a public character in so far as such profits are not derived from a trade or business carried on by such company shall be exempt from tax. CITA also provides for taxation of passive income (dividend, interest, rent or royalty) when earned by educational institutions even if limited by guarantee. FIRS is a responsible revenue generation agency. They wouldn’t have listed Assemblies of God church as a tax defaulter if the church had not generated income from trade or business. Instead of accusing FIRS falsely, you should try and find out the exact reason(s) why they took the decision. As regards your claim that schools must be limited by guarantee, I think you should do your research very well instead of making uninformed statement. We have so many schools limited by shares. Just last year December, the court of appeal ruled on a matter between FIRS and Best international schools limited. The court ruled that the school is liable to pay income tax. Below is the link https://www.proshareng.com/news/TAXES%20&%20TARIFFS/Court-of-Appeal-Affirms-Educational-Institutions’-Companies-Income-Tax-Obligation/44026 And as regards my reference to PAYE, it is very relevant to the discussion because we are talking about taxation. So many people don’t know that salaries paid by churches to church workers are taxable. In 2008 when I was still working for LIRS, my tax station had lots of difficulties convincing Churches within our jurisdiction to deduct and remit the PAYE of their pastors and workers because they ignorantly believe that they are exempted from paying taxes. Finally, let’s endeavor to put the correct information out there and not mislead people just to win argument. I have nothing against churches. However, they are liable to pay taxes on income generated from commercial activities. [/quote] |
Religion / Re: Alleged Tax Default: FIRS’ Action Embarrassing – Assemblies Of God Church by ADEMOSU(m): 9:55pm On Aug 22, 2019 |
1) Schools /educational institutions and books / research material are not taxable .this is not b cause of company registeration but govt exempted them 2) Churches ,mosques and religious organisation and activities are exempted from tax . E.g books they publish exempted . Tithes offerings exempted . Church workers are liable to PAYE it's for church to remit .. 3)commercial activities like rentals of hall and not church auditorium etc are Liable tax to state tax authority 4) PAYE is payable to LIRS not FIRs , the likely tax which may be payable to withholding only is not likely deducted from supplier or contractor The question is which tax is the church liable to FIRS ? FIRS should state and not just seal . religion is a sensitive issue . Else we start hearing Islamization |
Religion / Re: Alleged Tax Default: FIRS’ Action Embarrassing – Assemblies Of God Church by ADEMOSU(m): 7:57pm On Aug 22, 2019 |
Books and education are exempted from tax .the tax authority should state the church offence so that it's spark issue of discrimination . Assemblies of God church is not God and asking the church to obey the law does not amount to fighting God. So, don’t mix the two together. Church are exempted from paying taxes from income generated from tithes and offerings majorly. However, if they generate other incomes from commercial activities such as sales of books and other items, operation of schools etc, they are duty bound to pay taxes on such incomes. Salaries paid to pastors and other workers in the church are also taxable. The church should go and pay up its taxes instead of throwing tantrums around. [/quote] |
Romance / Re: Lady To Marry Her Cheating Ex-Boyfriend's Brother In South Africa by ADEMOSU(m): 10:06am On Aug 12, 2019 |
Time to know if Snipers insecticides taste better Otapiapia . Her parent better call her to order |
Celebrities / Re: Williams Uchemba Mocks Peter Okoye Over Chelsea Vs Man U by ADEMOSU(m): 10:01am On Aug 12, 2019 |
The rate at which Sport TV , Blitz relays ManU v Chelsea match is too much and disrespectful . I suspect it's a ManU sponpored program ��� |
Politics / Re: IPOB Election Boycott Campaign In Anambra (Photos) by ADEMOSU(m): 10:38pm On Feb 11, 2019 |
This aparthy of aitting on the fence toae not change the statusquo. |
Politics / Re: Femi Fani-kayode: Murder Of Alex Badeh – What An Insider Told Me by ADEMOSU(m): 7:43pm On Dec 19, 2018 |
What is he saying ? Neither here nor their like water . |
Politics / Re: 26 Lawmakers Dump APC For APM In Ogun by ADEMOSU(m): 6:51pm On Dec 03, 2018 |
Mrblaster: He was state party head and his annointed couldn't win primaries , will he now reverse that he a general elction ? |
Politics / Re: 26 Lawmakers Dump APC For APM In Ogun by ADEMOSU(m): 6:35pm On Dec 03, 2018 |
APM shaa , good for Amosun to test his popularity .in my mind the party is a coalition of lossers from APC primaries they cant stand though same for fractionised PDP . It gonna be a battle of money bag which I feel Amosun Self Sponsor party may not be able to sustain . Just my opinion |
Politics / Re: Jonathan, Not Buhari, Introduced TSA, BVN — Reno Omokri by ADEMOSU(m): 6:55pm On Nov 22, 2018 |
No comment lets pray . May we not labour for others to take the glory . Help me say amen 2 Likes |
Crime / Re: Obasanjo Sues Awikonko Akanda Oro For N1bn Over Bola Ige Killing by ADEMOSU(m): 8:57pm On Nov 18, 2018 |
The guy has gotten himself bankrupt with this legal suit and not death as expected . Tame your tongue |
Politics / Re: "Why Does Fulani Always Have To Rule Nigeria?" - Femi Fani-Kayode Asks by ADEMOSU(m): 10:46am On Feb 09, 2018 |
MissAprokoMedia: |
Sports / Re: Matthew Wolff: Meet The Designer Of Super Eagles New Jerseys by ADEMOSU(m): 3:26am On Feb 09, 2018 |
kabakaauu: |
Crime / Re: Photos Of Redeemed Member And Accomplice That Stole N11.9 Million by ADEMOSU(m): 2:52pm On Nov 04, 2017 |
Bolustical: You don't need to derail the subject matter . They stole and there are facts against them . If others are stealing and are yet to be caught they are innocent until others proven . |
Education / Re: Inside Afe Babalola University Teaching Hospital (Photos) by ADEMOSU(m): 3:46am On Oct 21, 2017 |
Statsocial: Congratulations to Aare for this milestone. If it were to be government owned this would have turned to white elephant project . |
Sports / Re: Troost-ekong Blasts Sunday Oliseh After Super Eagles Qualify For 2018 World Cup by ADEMOSU(m): 6:57pm On Oct 10, 2017 |
[quote author=Afam4eva post=61292316]Sunday Oliseh should go and sit down. He's probably our worst coach ever. You don't become a coach by speaking big grammar on supersports.[/quo That is an opinion. Yes he is soft but doesn't mean you are a bad player. Congratulations but you need work on that softness because it's shows during the Zambia match. |
TV/Movies / Re: Bright Echefu Ikechukwu, The Owner Of TSTV (Profile, Photos) by ADEMOSU(m): 9:40am On Oct 03, 2017 |
It's made in Najia let deal after all despite reaping off by Multochoice and MTN we still patronise . |
Politics / Re: Dangote Turns Down PDP Offer To Run For President In 2019 by ADEMOSU(m): 9:53am On Sep 02, 2017 |
Now they are courting another Hausaman /northerner . Next they will start agitation that north hold on to power and control the country without any resources to contribute . Shior ! Hypocrisy 1 Like 1 Share |
Sports / Re: Reactions As McGregor Strips Down To His Pants Today (Photos) by ADEMOSU(m): 12:18am On Aug 27, 2017 |
Mc is excited because f the money prize |
Celebrities / Re: Kemi Olunloyo: "My Mother Cursed Seyi Law Over Placenta & Throw Away Comments" by ADEMOSU(m): 8:40am On Jul 18, 2017 |
Mandynews: |
Politics / Re: Nigerians On Social Media Mock Lekki Residents Over Recent Flood by ADEMOSU(m): 11:44pm On Jul 09, 2017 |
360frolic: There isnt need to magnify lekkin flooding it was witnessed in the state as well |
Sports / Re: Arsenal Signs Alexandre Lacazette For Record Fee (Photos) by ADEMOSU(m): 10:03pm On Jul 05, 2017 |
In recent times , players that were instant impact in Arsenal were those bought from superior teams . It took others longtime . though not sinical about the signing am just not excited. All the best goons |
Politics / Re: Osinbajo Risks Impeachment As Senate Asks Him To Withdraw Statement by ADEMOSU(m): 2:57pm On Jul 04, 2017 |
Nigeria House of craze |
Religion / Re: Apostle Suleman And His Wife, Lizzy Celebrate Their 13th Wedding Anniversary by ADEMOSU(m): 9:54am On Jun 05, 2017 |
Congratulation but start out of social media except for a professional and viable course |
Education / Re: JAMB Releases Most Sought-after Universities In Nigeria (check Details) by ADEMOSU(m): 10:17pm On Jun 04, 2017 |
Ilorin least goes on strike . Unionism not too grounded . Ife and co ? Ubgo tire |
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 54 |