₦airaland Forum

iamoyindamola:
Yes he has a tidy game
I got scared of zinchenko with amad kudos to arteta for removing him
Utd were okay with a draw that's why we couldn't penetrate them in the first half
The new coach sabi if he get his right player they will ball, that first half was so frustrating if not for our corner kicks(PK)

Shegzdave:
That’s an incredible record if big Gabi was around, he might score his own

Btw, man yoo played no corner in the game

Ellexy:
We can actually get actually get something from this game, a point.

Shegzdave:
Utd attack wasn’t great but he was impressive today

Btw, have you noticed Rice plays Corners like he wants to score from there

iamoyindamola:
Man utd didn't attack
No single bote from them

engrelvis:
Players at man utd r different from d one at sporting.Besides we play Arsenal regularly so is a different ball game.Current Chelsea side is buzzing but drew with us under RVN.One on one in terms of players r dey really better than us? If nt for depletion of our LWB d highest na draw.

GloriousGbola:
def deviated from the source material. i remember the lead character ion the book bugged the phones of all the french officials because it as clear one was leaking info that was getting back to the jackal. in the book the jackal was going to kill de gaulle. blue ray will be happy to read taht the original jackal was also straight

Sportsweb:
Make Dem kpai her this season jare

swiz123:
This is the blind bat who Ibime was forcing down our throat. He has finally found his level at Man united's bench.

afrodoc2:
Greatest gaslight of all time.

semid4lyfe:
Today na 4th December.

Dem talk say person wey never receive the previous month's salary na angry man.

Make e no be like say I dey transfer aggression for ya head

So

You're correct sir.

semid4lyfe:
False.

It has been implemented albeit fraudulently.

What FG did was to add #40000 across board instead of effecting the percentage increase on workers salary at all levels.

You can take this to the bank.

obainojazz:
Imagine if na Okpa’s favourite Iran

seankafor:
what do you expect from a zoo like Nigeria where poverty, hardship and wickedness has taken over their brains 🧠.

Almost every Nigerian is angry by default.. the hardship and poverty over the years has done real numbers on their mental health that what they think 🤔 overtime is money,oppression, extortion, shortchanging etc especially in line of work..

Na the unfortunate situation we find ourselves, wetin man go do?

JUST IN: 🇰🇷 South Korean armed military forces enter parliament after the president declared martial law. pic.twitter.com/BP2REbOsdt

— BRICS News (@BRICSinfo) December 3, 2024

nihilistjnr:
e be like say na here e dey happen.

oyindamola sod09 izzou griffon unlimited22 ibime afrodoc2 oasisx blueraydick gloriousgbola

semid4lyfe:
Touche!

I hope the emboldened below allays your fears somewhat.

For me, anything that brings the burden of the common man and brings succour to him is welcome.

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Aside from the incentive for minimum wage earners, the tax reform bills equally exempt small businesses from the payment of taxes. It first reviews the financial threshold of businesses that can tap into such benefits. Unlike the subsisting regime that grants exemptions to businesses with N25 million annual turnovers, the tax reform bills raise the threshold to N50 million, which unequivocally accounts for a 100% increase. The bill also exempts small businesses with total assets of N250 million. Again, this is an audacious, indeed progressive initiative with the intent of providing an environment that can speed up the growth of such businesses rather than suffocating them. With these provisions, thousands of businesses within this threshold will be relieved of tax burden. The idea behind this initiative is not far-fetched. First, micro, small, and medium enterprises, MSMEs, constitute about 48% of our GDP. Second, they provide about 87% of total employment nationwide. Third, they have a strong presence across all 774 local government areas. All this data obviously attests to the crux of granting small businesses with N50 million annual turnover tax exemption and its significance in building an army of vibrant entrepreneurs.

The last takeaway largely borders on the long-standing concerns about multiple taxation. Conglomerates, multinationals, and organised private sectors have been complaining about this syndrome for decades. But the tax proposal now offers relief under Section 56 of the Nigeria Tax Bill. The proposal now opts for a significant reduction in company income tax rather than sticking to the subsisting regime that multiplies their tax obligations. The reduction will be effected in two successions. From 30% currently, the bill proposes 27.5% in 2025 and 25% in 2026, which, according to development data, is conservative compared to 27% in South Africa and 30% in Kenya. The bill also introduces a 4% development levy aimed at harmonising the multiplicity of taxes and levies paid by companies. It also maps out the plan to reduce the development levy to 2% in 2030, which will be devoted solely to funding the Nigerian Education Loan Fund, NEFUND, thereby phasing out the 2.5% education tax, the 0.25% National Agency for Science and Engineering Infrastructure tax, and the 1% National Information Technology Development Levy. Instead of all these earmarked taxes, the company will only pay a 4% development levy till 2029 and 2% afterward for the funding of Nigerian Education Loan Fund, a scheme that has benefitted no fewer than 10,000 students already.

semid4lyfe:
Lol.

It's amusing to me that some Nairalanders know more than Taiwo Oloyede (a renowned tax expert) and the other Tax Reform Committee members who are seasoned professionals from different fields, who have consulted far and wide, obtained input from different stakeholders, simulated different scenarios, crunched the numbers, and came up with the bill.

I've heard different criticisms of the TRB but this one that its implementation will make the country go broke takes the cake.

nihilistjnr:
The tax cuts weren't at income tax level... At least not directly

Theyve announced 0% corporation tax for small companies(25m annual turnover,which is probably like 90% of Nigerian businesses) , and phased reduction of corporation tax for companies with higher turnover

Up to 20 year tax holidays for agriculture, manufacturing, It, and exporting businesses

No VAT on food, medicine, and electricity.

50% deduction from employer tax when they hire employees, another 50% deduction for employers that raise salary of their employees to 100k per month.

It's.... A lot

Emaprince:
1m per annum?

A lot of people are gonna be taxed if thats the case.

Sportsweb:
This people don tire me

nihilistjnr:
This new tax bill seems insane to me.

Where is FG getting money to fund these huge tax cuts?

Is this a way for Government to further reduce the scope of its social contract with Nigerians? We dont tax you so don't disturb us?

For me, it is another clear sign that the country is taking it's last few breaths, when FG indicates that the majority of you earn too little to be taxable.

Robert Baratheon - give me something for the pain and let me die.

Buhari had in a letter to the National Assembly in January 2023 requested that the N22.7 trillion Ways and Means loan be converted to a 40-year bond with a moratorium of three years.

Following the request, the House of Representatives on May 4, 2023, approved the conversion of the N23.7trn loan to a long-term bond for 40 years at the rate of nine per cent per annum.

Analysts have consistently alleged that former President Buhari abused the ways and means advances and allegedly violated the CBN Act.

Section 38 (2) of the CBN Act makes it clear that “the total amount of such advances outstanding shall not at any time exceed five per cent of the previous year’s actual revenue of the federal government.”

However, the administration overshot the five per cent ceiling and grew ways and means from N856 billion to N23.8 trillion, representing 2,635 per cent in seven years

GloriousGbola:
my guy slipped up again . there is a confam, certified bluray player .

eventually doctor mentor will also slip up

semid4lyfe:
I'm so disappointed in Ogun.

I thought proximity to Lagos will rub off on it and place it in the top 10 but the opposite seems to be the case.