₦airaland Forum

🍃President Bola Ahmed Tinubu's new Tax Reforms Summarized.

1. Any business with less than N50million turnover are exempted from tax payment.

2. over 90% of workers in public and private sector will no longer pay income tax.

3. Over 82% of what low income persons consume will be VAT free.

4. scrapping over 50 nuisance tax suffered by local businesses.

5. VAT will no longer be calculated base on where the companies have their headquarters but where their goods are consume.

6. the rich to pay more tax while the poor will stop paying taxes..

7. Consumption tax collected by states will be eliminated completely.

8. FG share of VAT to reduce from 15% to 10% as states and LGAs now get 90%.

9. Those earning less than N1.7m monthly will now pay less income tax.

10. Customs, NUPRC and other govt agencies will no longer collect tax as only one Agency will be responsible for collection of all taxes in NGR.

11. Those receiving less than N9million per anum could have their income tax cut by half.

12. The bill could lead to abolition of other multiple tax laws like the stamp duty act.

13. Over 90% of small business would no longer pay profit tax.

14. Gradual increase of VAT from 10% in 2025 to 15% in 2030... With almost every goods consume by low income earners exempted from VAT.

15. Many NGR companies pay over 60 types of different tax & levies... The bill seeks to end this factor killing NGR industries.

You may not like the messengers ...But, the message is a good one .

🍃President Bola Ahmed Tinubu's new Tax Reforms Summarized.

1. Any business with less than N50million turnover are exempted from tax payment.

2. over 90% of workers in public and private sector will no longer pay income tax.

3. Over 82% of what low income persons consume will be VAT free.

4. scrapping over 50 nuisance tax suffered by local businesses.

5. VAT will no longer be calculated base on where the companies have their headquarters but where their goods are consume.

6. the rich to pay more tax while the poor will stop paying taxes..

7. Consumption tax collected by states will be eliminated completely.

8. FG share of VAT to reduce from 15% to 10% as states and LGAs now get 90%.

9. Those earning less than N1.7m monthly will now pay less income tax.

10. Customs, NUPRC and other govt agencies will no longer collect tax as only one Agency will be responsible for collection of all taxes in NGR.

11. Those receiving less than N9million per anum could have their income tax cut by half.

12. The bill could lead to abolition of other multiple tax laws like the stamp duty act.

13. Over 90% of small business would no longer pay profit tax.

14. Gradual increase of VAT from 10% in 2025 to 15% in 2030... With almost every goods consume by low income earners exempted from VAT.

15. Many NGR companies pay over 60 types of different tax & levies... The bill seeks to end this factor killing NGR industries.

You may not like the messengers ...But, the message is a good one .

That's why he wanted to be president so he can declare housing for all......by year 2025 😄

Too much noise on this refinery matter.....

I beg who dey lie, who dey talk true

PBAT did Local Government financial autonomy. We all applauded. The southern legislators and governors too should stand up and counter their northern counterpart.

Quid pro quo

Why did the friendship not come out in 2023.....abi na frenimies dem be.....

Make Ekpa dey creat content for prison small. After new year, he fit tell us another story.... 😃😃😃

Wetin e dey wait for. Go join fdf

Chai, Sai Atiku no go like this one o....

Oponu.

Tell us a single success achieved by you and your ancestors.

Obioma the tailor!

Shevchenkko:
Tinubu,a failure of a president like no other

I don't need to look far to know who is behind this....the region of fakes....and when caught, the cowards become content creators.....

I like the way you sound.....so romantic.....😊

Oya PChat me make we connect, I go bless you.

If you be man, gerrout of my space!

You hear.....

Ttipsy:
common get out
Useless man

Which one your ancestors build.....

If you are not happy, please go to court!

Ttipsy:
Rubbish
While they spend billions, they even borrowed to build standard rail lines in SW and the North.

How can you built a narrow gauge rail line to connect two big and economic cities port harcourt and Aba in this 24 century

Is that not wickedness

Well OBJ is a letter writer and he can throw tantrums and jabs....he should also be willing to recieve abuse in return....unlike Abacha that wanted to kill him

All this for a content creator....

He will surely have his day in court

For now, he should cool off in jail and continue to create content for IPOB and Biafran

Where were you before.... Are you blind? Na your bloders start am.....and we dey carry give them back wotowoto......na that one dey make your stomach turn...

E go soon explode

Mumu

Richietech:
ode alaini lakaye. If you know how these things work. Na your fellow omiye Dey thief am come Nigeria , na igbos get the ready money to buy so let your pot stop calling kettle black. And the levels at rwhich tou zombies insult ibos on this forum is mind boggling, Shey Werey ni yin ni? You and your fellow Sox supporters hatred and tribalism on this forum makes me sick to my stomach, na why I no Dey really visit nairaland again. You can’t open it and not see hatefilled comments

How come Ekpa is now a CONTENT CREATOR.

Coward!

Stolen:
HOLDING NNAMDI KANU HAS BEEN A USELESS VENTURE.

HAVE THINGS NOT GOTTEN WORST SINCE THEN?


NOW WE HAVE BIAFRA GOVERNMENT IN EXILE, BIAFRA ARMY AND DEC 2ND REDECLARATION OF BIAFRA IN FINLAND AND WORLDWIDE.


COULD NNAMDI KANU HAVE GONE THIS FAR, HELL NO, HE WILL STILL BE DOING IPOB.



THEY HATE SIMON BECAUSE THE GUY IS THE REAL DEAL BIAFRA.

This obi diots again.....una no dey tire.....

Agterall, you said Tinubu won't win APC primaries.....una don start again....another round of wailing is loading for una....

You can use that to create content 😄

easytig:
The northern leaders who supported tinubu to power are all disappointed with the way he has turned out.2027 will be very hot for the imcumbency , nobody dares the north and wins ,2027 election campaign tinubu will look left and right and realize he his totally doomed with no support from major northern leaders.

That is why you always foam from the mouth when any breaking bad news about our country.

You will continue to be a content creator by the special grace of God. Your mechanisations will never succeed !

Bullet4thiefnub:
I will vote for a northerner rather than Tinubu , tinubu hates Igbos more the northerners, Tinubu and APC represents a big existential threat to Igbos

Even a blind man in Kano know this.

At least his media team is not creating content 😄😄😄

Bobloco:
Tinubu's propaganda media machineries are now at full throttle

Because they steal much more money when they import petroleum products than when refineries are working. If they rely on dangote alone, there is nothing to steal, so they have to creat another chopping outlet.....so refinery must work....

Kingosytex:


God bless Dangote. PH refinery is now functional. Without Dangote, the powers that be wouldn't have made any attempt to fix the refinery.

Another enemies of progress sighted....

Small talk now, they will say they are content creator developers 😆😆😆

CodeTemplarr:
PPP approach. The Lagos Looting Lambda.

That is a no brainer. Dangote can raise money and buy them out.....so he can have monopoly of petroleum products 🙂

Wetin be your own self.....are you not a content creator....

Mathewrichard99:
Congratulations to all Nigerians that refuses to
be shut down from criticizing the government. If not NNPC and the government wouldn't have done anything to rehabilitate this refinery. It's people like us here on Nairaland that disturbed the stupid government with our constructive criticism. Kudos to us and more hardwork still needed.....let's wait now if the price will be reasonable for AGO and PMS

I hope it is not dangote petrol that they piped to Port Harcourt Refinery for us. I don't trust this Mele Keyari at all.

I sight another content creator 😃😃😃😃

ezegenigbonine:
Your father and your kingsmen

Coward like his ancestors......

Na IBB dey behind that passport deal o....printed in Cyprus. So guys, make una back off that tree.... and off your mic 🎤

BAT no wan make too much enemies for 2027.

You gerrit, else forget about rit.

😁

ogododo:
https://www.vanguardngr.com/2024/11/nnpc-customs-firs-exceed-revenue-targets-rake-in-n37trn/amp/

Of course it was unparalleled. Selling government assets to himself and his cronies. Truly unparalleled. Intels and Halliburton cases are just a tip....

Obioma the tailor.

We are proud of our SW heritage. I am an ibadan man and I am very proud of our brown roof city. Afterall, we have not migrated to your gully erosion mega cities.

Unlike you that can only describe the route to your father's land with your left hand.

We are happy with our SW, while Lagos is our eko akete.

If you know, you know!

ezugegere:
Tell me your family in Lagos or getat! Which Eastern state has ever been Federal Capital of Nigeria?
Why is it that no other state/city in the south west is worth mentioning?
Lagos was built with Nigerians' money, not Yorubas' money

That arrogant man. All the bus stops that he wasted tax payers money on are already gone. And again, its the turn of Muslims in Lagos state. Hamzat, Abiru, Gbaja, HMO, Wahab, Omolokan, are all in contention! 😁

If you are not happy, go back to your state, or go hug transformer 🤣🤣🤣