I would have said my father said so, but unfortunately Allah is not a father to anyone. You guys don't even know what's in your book. Oya prove me wrong:
Sura 19:71-72. wa-in [ And (there is) not] minkum [(any) of you ] illā [but] wāriduhā [(will be) passing over it.] kāna [(This) is] ʿalā [upon] rabbika [your Lord] ḥatman [an inevitability] maqḍiyyan [decreed.] thumma [Then] nunajjī [We will deliver] alladhīna [those who] ittaqaw [feared (the God),] wanadharu [and We will leave] l-ẓālimīna [the wrongdoers ] fīhā [therein] jithiyyan [bent (on) knees]
Dancebreaker: Na the police man rank surprise me. A DSP. The rank of a captain in the army as an outrider. Na wa o.
Too many mid-level officers are doing guard and escort jobs. After around 35 years in the police, the man was still doing outrider. They didn't pity his age. He would have been around 58 to 60 at least.
RIP to him.
If you check well, the deceased most probably lobbied to be the outrider to the Senate president.
EmmaJnr1: When Nigeria Breaks up, Northerners will really enjoy and would have one of the best government. Their leaders will lead them to the promise land. There will be equitable distribution of wealth. Businesses, employment, tech industries will spring up. The only place that will be better than north is Biafra but north will be far better and developed than Yoruba west.
You know why
Northerners does not take shit with their leaders . They attack any leader that misbehaves. You can imagine Atiku taking back his words and deleting his twit when they threatened him for not supporting the killing of the Christian girl Deborah. This people are heartless and does not joke with bad leadership. They usually turn up with one voice. Imagine if they have their own country, no leader would dare to steal because he cannot go scot-free. Most rich northerners will come back to develop their land, poverty level will drop drastically.
You can imagine them attacking one of their law maker in the north today because he supported Tinubu devilish tax law but no Yoruba man or even Igbo man has taken any action to show disapproval. How can a sensible government tax people 25% of their hard earned money even though the government is dead and not doing any meaningful thing for the masses and the tax would still end up in their pocket through stealing.
They don't take shit from their leaders but their leaders can steal their common wealth to oblivion and all they'd ask for is just a meal enough for a day? You don't know what you're talking about. The core north is the most useless entity in this country.
All Muslims are going to hell according to the Quran, so what's the fuss about celebrating Christmas and going to hell when they'll get there nonetheless?
Sura 19:71-72. And (there is) not (any) of you but (will be) passing over it. (This) is upon your Lord an inevitability decreed. Then We will deliver those who feared (the God), and We will leave the wrongdoers therein bent (on) knees.
Don't say you were not told you'll go there. If you wonder why you ended up in hell, the devil will justify it with the above verses. You were informed in plain letters.
Brendaniel: When they said bandits, kidnappers and prostitutes will pay tax, what comes to your mind?
From what it looks like they plan deducting the tax from everybody's account based on the flow of money once it hits the thresholds for taxation, this is what I call tax banditry, or would they in their right senses expect bandits, kidnappers and prostitutes to walk into a bank or revenue agency to declare or pay their tax for their profession ?
That's why I look at the whole tax law as financial theft and fraud from the government...
I don't think they know what to do about the part that pertains to money inflow into individual accounts yet. I guess it's time to start writing summarize for outbound transactions starting from January so that someone will not tax you for transferring your money from one of your accounts to the other.
I can already see the confusion that the tax law is going to engender and we are not seeing it yet.
Most of the people earning below 800k per year who think the tax reprieve is automatic will be shocked when they discover that without filing a tax return at the end of the year, they are liable to being charged with tax evasion.
It is not like I don't pay my taxes. Infact my income tax currently is exactly N111,116.90 per month ( checked my payslip) which is bound to reduce marginally with the new tax law.
However, the same can't be said of most others especially the high net worth who invariably are the CEOs of these manufacturing companies and industries.
A recent article on why cement is more expensive in Nigeria than other countries highlighted our high CIT and other taxes as a primary reason. This statement came from no less a person than Dangote. Are we, who have not ventured into his manufacturing scale going to debunk his claims with our theory based knowledge?
Elon musk does not pay tax, Warren Buffett' tax is so insignificant that he claims his secretary pays way higher. Trump has always bragged that he doesn't not pay tax. Robert kiyosaki also does not pay income tax. How do they do it? TAX AVOIDANCE .
By tax avoidance (not evasion), these high net worth individuals would legally outsmart the system and it's me and you that would be left holding the bag.
Look beyond the letters of the tax law and see the leeway it indirectly offers those we think it is supposed to milk
Going by what's in the new tax law, it would be difficult for company owners to legally evade tax. You can't hide under corporate entities any longer as you'll be required to pay tax on luxuries you enjoy by virtue of your position in any organization. For instance, you'd still paying taxes on company provided accomodations. We can't expect everything to work 100%, as it's only a government policy not known before implementation can come close to near success. Citizens by default works against government policies so much that the projected effects are almost not tangible. It's part of economics.
Arlee: OK o,i hope so. But, this is the first place am hearing that the 15% only applys to the excess on 800k
Well,let's wait to see January salary
That's how the new task law works. If you earn 10m annual gross, 800k is tax free, the next 2.2m is 15% tax rate, then the next 9m would be 18%. 800000 = 0% -------------------0 2,200,000 = 15%-----330,000 7,000,000 = 18%--1,260,000 10,000000 =--------1,590,000. This is average of 15.9% annually. You still have the privilege to enjoy 20% rent relief capped at 500k if you can provide proof of it.
1x2x3: The bolded is where you lack understanding and where the govt applied divide and conquer because they know people like you will feel unconcerned forgetting it would still affect the common man. Now let me explain..... The people you call the rich are mostly the ones controlling your economy, they are the ones importing, manufacturing, trading, e.t.c Once govt imposes heafty tax on them, they will pass on the excesses to the masses by increasing prices of products and poor masses who think it doesn't affect them will bear the full cost. Recently, Dangote explained why Cement is costlier in Nigeria than the ones he exports to other countries.... Guess why? It's because of the heafty taxes by your Govt.
Which country is Dangote selling cement lesser amounts and what's their tax structure? You think you're paying tax? Travel out first and don't go far, go to Benin Republic and find out. Manufacturers and business owners have been pushing costs to the consumers since time immemorial even without increase in tax. It's not like there's going to be any significant changes in tax return even for the rich. Most people will pay lesser or next to nothing.
Arlee: Anyone earning 800k and above,will be taxed,
This means,even those earning the 70k minimum wage will equally be taxed 15%?
Where then is the fairness to low income earners?
If you earn 70k monthly, that's 840k annually. Only 40k would have 15% tax rate applied to it, not the whole amount. Everybody will have their first 800k of annual income tax free. That's the idea. You have to earn a minimum of 12m annually to pay more tax than before, under this new law. All this dust is fuss over nothing.
Ordinarily, an increase in personal income tax will not cause inflation. Why: taxes reduces the disposable income of the workforce and there is decreased purchasing power leading to a stability or fall in cost of goods and services. (The president already promised this) Won't this add to our misery?
However, employing the same tactic to the super rich and big businesses does not generate the same results as increased taxes on manufacturing adds to the cost of production just the way increasing workers salary is also a factor in the cost of production. Hence the cost- push inflation added to the decreased purchasing power of the nation since the tax net is now wider to catch everyone.
For those thinking they would automatically be exempt if they don't have a means of income. This only applies after you file your tax clearance. If you don't, you will be treated like a defaulters.
On closer look at the new tax law, most people are going to be paying lesser. It's going to reduce disposable income for those who might be earning N12m above annually, even then, the changes are not that neck breaking. The only gray area is identifying what credit alert is an income. I'm not sure even they know how that's going to play out, but I don't think anyone should tax money movement from one personal account to another or money sent to people as gifts. I don't think the rich will be able to push their personal tax burdens to production cost. It's not that simple. For corporate entities, maybe, but not personal. With the new tax law, you're going to be paying taxes on company provided accomodations for instance, so I don't see how the rich will successfully push all their personal spendings as corporate.
matify83: I will spell it out for you to understand. Don't be carried away by the reprieve it claims to offer to the poor.
1- Did you hear when it was said that even prostitutes will pay their taxes? Are these the people that government should be concentrating on if they have no alterior motive.
2- The law also stipulates that no TIN no bank account. Don't you suspect foul play at this junction?
3- small companies whose total turn over is less than 50m are said to be exempt from CIT. What government did not tell you explicitly is that, they are still required to file their financial statements through the TaxPro Max portal each year to maintain compliance status. However, if the company fails to file returns on time, the benefit of N50million threshold is lost. Trust that most companies will not keep a good enough account of their financial transactions for the year to qualify for the tax holiday
4-The large companies and high salary individuals whose taxes has risen to a 25% at the highest point are mostly the owners of these big companies and they will just plough back the taxes as cost of production thereby causing the cost-push inflation I earlier highlighted.
What the government did not take into cognizance is that the rich always have a way of avoiding these taxes as they can funnel their salaries and allowance into their company expenses and it is legal. Ask Trump why he brags about not paying taxes and he's not in jail. It's called Tax loopholes
5- with the Cost-push inflation, who takes the hit , it obviously the poor and middle class in the society.
6- This new tax policy to my mind is going to roll back the cashless policy as most Nigerians would start demanding cash payments to avoid exceeding the 800k threshold.
7- Other obnoxious clauses have also been introduced into the tax law that we are still oblivious of and it has been gazetted. It's only in court you may find out and it may be too late by then.
No government should ever be trusted. Heed this advice for the peace of your mind.
TIN requirements for banking ensures compliance. I don't see anything special about this new tax law, but I'm pretty sure it's not going to cause inflation or anything remotely related to that. The idea that this will roll back the gains of cashless policy is unfounded. Not every credit alert is a revenue. You pay tax on your income, not on the total amount of money that gets into your account. The government are aware of this. You didn't answer the question by the original poster about the current rate and the new one. What exactly is the difference that it will cause a cost-push inflation?
Should be 20x larger than this. Our problem is exporting unprocessed commodities without adding any value to it. These would still find their way back as manufactured products that we'll buy higher than we sell them.
anonimi: Of course you don't know anything about paying taxes since your Tinubu APC idol and Buhari before him have failed to show their tax returns unlike PDP's Jonathan.
Nevertheless, Tinubu has been increasing taxes to brag about August revenue target without making ordinary water available to Lagosians in 26 years of progreThief governance.
Leave the illegal building you're inhabiting in Lagos. I have an apartment in gbagada and the tap is always running, so I wouldn't know the Lagos water problem you're talking about. You're just throwing useless words around. So the FG didn't show tax return but we know the actual amount of taxes collected? Stop kidding yourself.
LagosG: I'm.was born and brought up Catholic so I had the opportunity to truly study the history of Christianity and those who shaped its beliefs into what many of us accept today. Its history is also tainted with bloodshed and violence. Now I'm not justifying terrorism or whatnot but let's look at the bigger picture. In whose favour is it for the whole world to hate Muslims?
This is 2025, not dark ages. Why are Muslims terrorists still living in the stone age? Oh, I forgot they're 600+ years behind everyone else.
anonimi: You don’t have to say anything about what you are in announcing your likeness for someone who is squeezing your neck out of more revenue through increasing tax burden to steal for bribing politicians to buy votes for his life president goal.
If he is not looting our money then why is he doing PPP for projects after saving $84 billion from hiking petrol price through subsidy removal?
Why is he borrowing more than PDP deregulation and privatisation capitalists who gave us 16 years of better economy and security than APC extreme poverty shege progreThieves
When it gets to your turn and you become the President, please remove all taxes, you hear? I don't even know how you're paying as taxes that you're crying ( that's even if you pay).
Humblesam: What's this? Nigerian know very little about war? A little gist for you...
In 2014, we were in the same camp with this Burkinababes along side other African countries including the US in Peace Keeping Mission in the state of El dein in Sudan.... Do you know that upon all the artillery of this Burkinababes, it was the Nigerian IEscort that every VIP visiting those camps would want to go with? There were some instances of ambush here and there with some of the Sudanese repels but those Guys were safe with the Naija esco6. There were some instances, those other guys will go out with their large convoy only to withdraw at the slightest threat from repels but you see Nigerian IEscort or convoy, they don't go and withdraw until there done . There were certain times, those guys would tell us, "We know that your vehicle or two would likely breakdown on the way as we are going but we feel safe going with you guys". Nigerian Army is no joke when it comes to this thing coupled with the good supplies of weapons and when you know that you are well paid, you see the best of our soldiers. I remember what one of the American soldiers, a friend of mine once told me, "We respect the Nigerian Infantry alot cuz where the American soldiers use machines and gadgets to enter, the Nigerian soldiers chart through using their legs, if the Nigerian Army have access to half of the Machines and Gadgets that the US Army has, It will be one of the best in the world but even at that, you guys are the most dangerous land forces in Africa as a whole".
Am not gisting as a story teller but as an insider........I am a pilot on land not of the air.... We cover kilometers in more than 4 states in Sudan, I met with other countries contingent in Africa and the Middle East and I can tell you the respect they gave us over there..... Anywhere we go, one thing about the Nigerian Army always stood out and they will ask us how we do it... what was that thing? (D CONFIDENCE).....where others fear to enter, We move in and set Camp.
We don't pray for War in Africa, we can fool ourselves here in Nigeria but you see all these small countries making noise, if anything happens, Nigerian Army no get mate for here.. Whether you believe or not, pray it doesn't happen.... killing and destroying our ourselves and properties are not the best. We pray for Peace.
The Nigerian Army and War is 5 & 6 but on insurgency in our own land, many things are involved but certainly an end is in sight. We just hope proper thing are being done to stop all this rubbish.
uncleinans: Forget all those rubbish data. Be realistic for once in your life. The disgraced country cannot defeat Burkina Faso who has been successful in dealing with internal insurgency in its country. Unlike Nigeria that the civilians can overrun within days if given weapons.
You people joke too much in this country. Probably frustrated people who lost out in the 2023 general election. Oga, even the military take over of Burkina Faso is enough reason to invade the country and bring the head of that wannabe on a platter.
Julius1995: You are shifting goal post. But you have a point. And please stop using blanket categorical statement. Taiwanese are the key people behind global semiconductor chip industry. Semiconductor chip is the backbone of every technology (software and otherwise). So how you equate Nigerians to such people is funny. Indians have taken leadership of some of the most important companies ('tech' since you mentioned software) in the world. But I admire and respect your positive outlook of Nigerians. Its good. Nigerians have zeal, at least on average. Lastly, your dig at private universities students is funny. Alumni of good ones have towering achievement records.
I know we still have a long way to go, but we're doing very well above the image of the country. If Nigerians, politicians and public officials in particular, are as patriotic as their counterparts in Rwanda and Kenya for instance, we'll catch up in no time. Even as bad as we are as a nation, we still have quite decent numbers of people born and bred in the country making waves globally. They might not be leading corporations like Microsoft or Google, but they own companies that employ people across continents of the world. I know a US based company owned by a Nigerian with couple of other global offices. The Pune office in India alone has more than 300 staff strength. He also left Nigeria for USA to study after his first degree. The issue with Nigerian education system is that it's heavily subsidized and greatly underfunded.
Reference: Does anyone know why the aircraft was overflying that country, where it was heading and for what purpose.... Or does the public not deserve to know?
SmartPolician: Awesome! Now, you get the point. Identifying a problem and having a solution to it are two different things.
God doesn't reveal a problem without giving you a solution. This is how you know a fake prophecy. If I want to see the future as well see into the past, I know where to go. Speaking in meaningless tongues and giving prophecies doesn't move people like me because I know what you did. No fake pastor can see jack about me apart from I want you to know.
This is a country that doesn't buy the concept of repentant terrorists or negotiating with bandits. Be sure they'll eliminate you if you participate in any attack against Israel.
Julius1995: Its based on your definition of excel. If you take Nigeria as the standard, then a Nigerian American is a standard of excel. But if you compare a Nigerian American to Taiwanese-American or Indian-American or Southeast Asian who are considered model citizens anywhere, then your definition of excel might shift. On education, please stop using blanket categorical statement like: "there is no way in hell a first class student in Nigeria will drop below that mark in any school abroad", that is below the belt of your exposure you want us to know about. How did you arrive at that conclusion? Did you take a survey of all first class students thay moved abroad? So how did you arrive at such arrogant conclusion? Because I know few folks who did not replicate their first class, which is not a bad thing.
If you graduate from a Nigerian university (not private institutions or universities where they do sortings) and you graduate with a first class, but you you couldn't replicate the same abroad and you're not working part-time, your Nigerian first class degree is questionable. You can't possibly judiciously earn first class in Nigeria and fall below that level abroad with the same zeal. It's understandable if you're working to offset bills. And no, there's nothing special about Taiwanese or indians or Asians in general. They don't have any special abilities that Nigerians don't have, at least, not in software engineering.