Wallade:


There is a difference between black market and BDCs. BDCs are currently highly regulated by CBN. Black market includes you and I who have FOREX at home or in accounts with banks, e-wallets and others. They will keep doing P2P transactions which are not illegal.

Mtchew! Ignoramus. No be only P2P, na 2P2.

Proserpina:
Do you know what form A is?

What has Opay and Moniepoint got to do with this?

You get time to dey reply the mumu

Elliotwaveforec:

Without tax, we ain't going nowhere. Developed countries don't play with taxes!

Agreed, developed countries also recognize that some incomes are un-taxable and are transparent with taxes and also regulate inflation and price control.

What level of income is un-taxable in Nigeria? For the UK it’s 12,470£ and below.

Baxilexi:


Agreed, developed countries also recognize that some incomes are un-taxable and are transparent with taxes and also regulate inflation and price control.

What level of income is un-taxable in Nigeria? For the UK it’s 12,470£ and below.

If you've got enough money to travel out, you're definitely taxable.

What does anyone need Form A to do these days?

Baxilexi:


Agreed, developed countries also recognize that some incomes are un-taxable and are transparent with taxes and also regulate inflation and price control.

What level of income is un-taxable in Nigeria? For the UK it’s 12,470£ and below.

Income below N30,000 a month.
Btw any resident in Imo state who requires who needs a Tax clearance certificate should contact me. 08104283466

Why use formA when u can open dom account and put ur fx there and transfer within 24hrs. Aboki n formA is now same price

alphaNomega:


a tinubu market

I pity anyone who thinks nigerian government is creating policies to make their life easier. with tinubu in charge, it will be the same extortion process but branded as "tax".

Absolutely! So many ignorant Naigeerians has no idea that Tinubu's government is an extortion government, Tinubu has nothing to offer Naigeerians. Nearly 300 millions adult Naigeerian would generate so much money for Tinubu, it wouldn't matter how small his extortion seems, he would still make milions outta Naigeerians. Imagine even if it is 1000 naira, 2000, 3000 or 5000 "taxed" every adult Naigeerian monthly. Even 500 naira from each adult Naigeerian would still generate huge sum.

Baxilexi:


Agreed, developed countries also recognize that some incomes are un-taxable and are transparent with taxes and also regulate inflation and price control.

What level of income is un-taxable in Nigeria? For the UK it’s 12,470£ and below.

12,570£

.

iichidodo:
Another bureaucratic red-tape to frustrate Nigerians....

u don't have sense .. mtcheew

Elliotwaveforec:

If you've got enough money to travel out, you're definitely taxable.

Okay, and how does one recovering from an illness or schooling abroad, who’s currently not earning but has savings or pensions back home get a tax certificate?

Also, are the taxes being charged on interest runs by banks considered state tax?

247man:


12,570£

Thanks for the correction.

Nigerians celebrates inhumane policies. Personally, no Nigerian earning below 1M NGN a year should be taxed

This is the reason why the black market is still strong

If you pay your taxes do you need to go to parallel market?

DEXTROVERT:
This
Will result to
Policy summersault

Many
Will
Now
Run
To
Parallel market

So
As
The
Demand for parallel dollar increase
The price goes up.

It would have been better
To divert parallel market customers to bank
Where they get dollars at official rate.
So few will patronize them

For example, with POS everywhere, we don't go to ATM or quene at banks to withdraw money.

FreeStuffsNG:

Smh. You shah love to stress yourself unnecessarily when all you need is to ask for clarification politely. The effective date is 1st April, 2024, that's a day after the 31st March deadline to file tax returns.

From April 1 henceforth, it will now be across board. It's like the policy that mandates linking your BVN to NIN, the Federal Government is yet to fully effect it but some banks can still open bank account for you without NIN. When the CBN announces final effective date, it will now become a general rule and standard. Kapish?

All I was trying to let you know, which you have failed to accept is that, It had started before now and banks had been using it to scrutinize applicants since last year already as I also experienced this. It is not a thing to celebrate as you made it seem in your previous comment or post. Even with the TCC, you will still not get any fx due to the ridiculously long queue coupled with a fraction of the CBN's weekly fx allocations to commercial banks. You could wait for a whole year and you would still get nothing.
I am not the type who would be doing copy and past but as you have refused to accept the truth, maybe you should read the below. They were 2023 news. Happy reading.

https://www.arise.tv/nigerian-banks-demand-tax-clearance-certificate-on-fx-transactions/#google_vignette

https://businesspost.ng/economy/banks-insist-no-tax-clearance-certificate-no-fx-allocation-for-bta-others/#google_vignette

https://guardian.ng/business-services/form-a-applicants-to-submit-three-year-tax-clearance-certificates-effective-today/

No wonder the Forex demand dropped.

hopexter:


If you were to be a Nigerian, this would have been a good news to you.

how does that answer the questions I asked?

what has banks asking for tax clearance for form "A" applicants got to do with crypto platforms or who is smoking or not smoking?

is Tinubu patriotic?

will he defeat himself and his collaborators like you?

FreeStuffsNG:
Nigerian banks are now requesting that customers applying for forex transactions via a Form A must now provide at least the last 3 years tax clearance certificate.

Forex speculators ti keran se. From the streets to crypto platforms to banks, they will be smoked out. President Bola Ahmed Tinubu's administration will defeat all the unpatriotic elements and their collaborators online and offline.

God bless Nigeria for ever! Check my signature for free stuffs!

Hope you been paid good Sha

This your endeavour pass onanuga own

You can't be burning yourself for free

I don't understand this things cbn is doing, if you're making it difficult for end users to access FX, they will run to black market n those ones will sell it high to them

EponObi:
All ye corrupt civil servants that have children scholling in the abroad, your own don be be that.

This what is called following the money in finance. Few weeks ago when I said, Cardoso is the miles ahead of Emefielele, some miscreants foamed in the mouth.

Wow!

Didn't see it that way.

Anything to make this Country sane.

DEXTROVERT:
This
Will result to
Policy summersault
Many
Will
Now
Run
To
Parallel market
So
As
The
Demand for parallel dollar increase
The price goes up.
It would have been better
To divert parallel market customers to bank
Where they get dollars at official rate.
So few will patronize them
For example, with POS everywhere, we don't go to ATM or quene at banks to withdraw money.

So, you don't even understand what is art Stake! Why Customer will they run to in the Parallel Market?
Some of you don't know,just read and pass over!

ITbomb:

And you think you can still make heaven

Yes I will

lwisee:
God bless BAT (Bola Ahmed Tinubu) the husband of RAT (Remi Ajoke Tinubu)

el rata alada personified here 🤌👍

inoki247:
Lol mk dem hold dere Form A if them see rate unify truly is not a must I pass through the bank before I can access Forex...

Oga what are you hidding

Even though the intention is good, another backyard door has opened for corrupt tax officials. Some abroad students felt a bit of it last year

lwisee:


How how
Mumuuu man

You asked him a good question ,you could have waited for his response instead of insulting him. Let's learn to be civil na

lwisee:
God bless BAT (Bola Ahmed Tinubu) the husband of RAT (Remi Ajoke Tinubu)

Lmao 🤣

DEXTROVERT:
This
Will result to
Policy summersault

Many
Will
Now
Run
To
Parallel market

So
As
The
Demand for parallel dollar increase
The price goes up.

It would have been better
To divert parallel market customers to bank
Where they get dollars at official rate.
So few will patronize them

For example, with POS everywhere, we don't go to ATM or quene at banks to withdraw money.

The form A requests are the biggest sources of forex leak in Nigeria because its products are intangible. You can fill a form A, request for millions of dollars in forex to pay for a service that was never rendered.

FreeStuffsNG:
Smh. If it's since last year, Stanbic will not just be informing their customers now. The effective date is April 1, 2024. There's free float and enough dollars now in the market. Most people are bidding for dollars at lower value now.


They will be tracked down, arrested and prosecuted. Most BDCs have lost their licenses and their collaborators on Binance are now under the radar of security agencies.
Very soon, even people will be chasing naira with USD. For most Nigerians, if they are are to be paid in Nigeria today, they will rather collect naira than USD because of the stability now in the forex market unlike before.

wishful thinking of propagandist
See as they flood this post

alphaNomega:


a tinubu market

I pity anyone who thinks nigerian government is creating policies to make their life easier. with tinubu in charge, it will be the same extortion process but branded as "tax".

Go to countries abroad and go do transactions without social security number and without paying tax, slowpoke. CBN is not even asking you to pay tax on fx, they only demand tax clearance for transparency and security purposes.

lexy2014:


how does that answer the questions I asked?

what has banks asking for tax clearance for form "A" applicants got to do with crypto platforms or who is smoking or not smoking?

is Tinubu patriotic?

will he defeat himself and his collaborators like you?

You’re not qualified to be answering any question Mr. Man. Tinubu is working hard to make things right and help the country restore her lost name. He’s already winning and majority of Nigerians are in support of his drive and achievements except rodents and non foreigners like yourself.