OasisX's Posts
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KingTom: ![]() ......congratulations Chief. |
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GloriousGbola: ![]() |
afrodoc2: ![]() |
izzou: ![]() |
Ellexy: ![]() ......bruhhhh!!!! You have said nothing! Folks in una camp don dey post same screenshots as you on X! Coincidence?! LOL! Take your time to visit his page and get yourself well educated and informed. Stop being spoon-fed with gibberish Bruh!!!! |
larride: ![]() .......you gonna wait tired bro! WhatsApp ish na your mate?! Dem just dey do copy and paste across all SM. Do they even bother to read and understand the new laws?! They just wait to be fed with lies, so they can spread it across on sm as usual. Meanwhile......2027 to 2031 contract is sealed, signed, done and dusted. |
Ihebu4chelsea: ![]() ......genuinely has nothing to do with the defection bruh. Inflation is coming down, GDP on the rise. Naira is stable and gaining àti bẹbẹ lọ. |
GloriousGbola: ![]() ......don't worry bro, turnaround is complete - successfully. Joy is coming. |
Spy360: ![]() ......South South is fully in the bag, Bayelsa don comot for PDP officially. Guess what?! Just be patient cos there is one very yummy meal almost done. |
TemporaryHansel: ![]() .......common hit the button. |
raumdeuter: ![]() .......its not time for that yet, that signing that gonn shake the camp well well, is almost sealed. |
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afrodoc: ![]() ......good news definitely, coz the results show and PBAT is regretting not following his template. |
![]() ......just passing by, my regards to Ibro Traore.
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kodded: ![]() ......read it again and this time around, slowly. So you don't wanna pay VAT too?! LOL! Nigerians like to envying abroad, but they don't do things the right way. LOL! |
![]() New Tax Reform If you earn personal income below N800,000, you pay zero income tax Your company has a turnover below N50m, and you pay zero corporate income tax The significant change under this tax law is that you have to invest or make certain purchases to avoid taxes legally Tax avoidance is legal, tax evasion is illegal Under current law (until December 31st 2025), you get 20% of gross income plus a N200k or 1% of gross, whichever is higher, as tax relief automatically; the new law does not make this automatic, you have to invest to claim a deduction Invest in what? 1. Open and contribute to a Retirement Savings Account 2. Buy life insurance for you and your spouse 3. Open and contribute to the National Health Insurance Scheme 4. Open and contribute to the national housing fund 5. If you pay rent, you get 20% relief on rent paid, subject to a cap of N500,000 Scenario So I am unemployed, my uncle in the US sends me $100 paid to my Nigerian bank current account 1. Do I pay income tax? On N100,000 paid into my account? No, below N800,000, but I pay other taxes like VAT, electronic transfer 2. I buy BTC with my N100,000, sell for N200,000, make N100,000 profit, do I pay income tax on N100,000? No, below N800,000, but I pay other taxes like VAT, electronic transfer 3. I buy BTC with my N100,000, sell for N2,000,000, and make N1,900,000 profit. Do I pay income tax on N1,900,000 profit? Yes, income above N800,000, plus I pay other taxes like VAT, and electronic transfer 4. I buy BTC with my N100,000, but under my company name, sell for N2,000,000, and make N1,900,000 profit. Do I pay income tax on N1,900,000 profit? No, profit made under the company name, but I pay other taxes like VAT, and electronic transfer 5. Does my business pay tax on N1,900,000 profit? No, turnover less than N50m, but the company pays other taxes like VAT, electronic transfer Do you have a registered company? What should you do next? Get tax advice. 6. Gather your friends, contribute money, and hire a tax professional to speak to your “club” and pay the fees. 7. Hire an accountant Kalu Aja |
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afrodoc:😀 😀 😀 |
Bayo Ojulari, the GCEO of the NNPCL, stated yesterday that Nigeria was losing between $300 million and $500 million each month while the Port Harcourt Refinery was in operation. Ojulari made this statement during his meeting with the leadership of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) in his Abuja office. He said, “When I resumed, one of the first priorities I focused on was the refinery. I did a quick review to see if we could quickly fix it. What I found is that we were losing between $300 million to $500 million on a monthly basis in the refinery. We were pumping about 50,000 barrels of crude to go into the refinery. What was coming out was less than 40 per cent equivalent of what was coming in. “The first thing we said was rather than continue to lose, let’s quickly stop and look for a way to put this refinery into a sustainably profitable venture. “The solution you are proposing (the NLNG model) is what we are working on. We’ve completed technical review of the three refineries, but it’s not just about technical. It’s also about commercial viability, it has to make money. Maybe not a lot, but it should not be making a loss. “We’ve completed the commercial review for the Port Harcourt refinery and from that commercial review, we have come to the conclusion that the best way forward is to get a true professional refinery company to join us and co-operate with us. “We’ve been having meetings with potential parties, but we need to find the pathway that will work. We’ve also realised that it was not in the best interest of Nigeria, not in the best interest of NNPCL, that we will continue to put money into a place where we do not have the full ability to fully operationalise. So, when we bring in partners, we can work with them. “We are under attack. We will not budge to short-term pressure, as it will not be in the best interest of Nigerians. You cannot drive change without a price, and the transformation is tough. “Tinubu did not put pressure on me to go and do the wrong thing. The baseline was to go and ensure that whatever we’re doing, going forward, sustainably works. There’s no need for us to pretend, there was no negative political pressure for NNPCL to just continue to run at a loss, so we decided to freeze on it, and we’ve been working astutely fine. “My commitment is that when this refinery is reworking, everybody will be back to work but for now, we all need to co-operate and work together to ensure that whatever we put in place is sustainable.” |
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![]() ......still optimistic, even though we are still trailing. |
airmark: ![]() ......confam Agege bread. It ain't ever Bokku bread, don't let them petro-light you ó. LOL! |
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