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FIRS imposes N50 Levy For Transfers From ₦10,000 & Above - Business (7) - Nairaland

Nairaland Forum › Nairaland General › Business › FIRS imposes N50 Levy For Transfers From ₦10,000 & Above (38695 Views)

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Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by uchwar1: 7:46pm On Sep 07, 2024
Lalami3232:
Weather you cry, get angry, pray, insult or accept it, the government is here to stay for 8yrs 4yrs. Shebi una say Jonathan was too weak? So why the unnecessary complains?? Pls make nobody come here to lament, embrace whatever the first 4 yrs gives to you in peace. We have over 1000 days more, so learn to embrace the ride cheesy.
What do I even know sef aside enlightening my fellow men nationwide with the good news

Oga if you no meet your wife as a virgin, oga go for DNA test oooooo because boreholes aka non-virgins can't be trusted atall atall
the propaganda sold to them. They believe Nig needs iron hand and we are getting iron hand promax.
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by MotiveU(f): 7:54pm On Sep 07, 2024
Obi will never be President
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by nedekid: 7:55pm On Sep 07, 2024
Tayorshd87:
What is wrong in this country that the poor cannot use escape route to make transactions all because u knew people are not using normal banks anymore due to their enormous charges now the OPAY people ran too yet u place fee on it again 🤔

So if people migrate to palmpay meaning in due time u Wil still tag 50 tax again 🤔

Nigeria my country 😏

I actually voted this man all in the name of he should replicate how he built Lagos not knowing Lagos is a room but NIGERIA is a big compound 🙁☹️☹️🙁☹️
Because of how he built Lagos? Guy, you funny. grin
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by dauntless15(m): 7:56pm On Sep 07, 2024
ennyelias:
There won't be charges if you do 5k twice. Even if you do 9,999 there won't be charges as long as its not up to 10k. They just want to milk us in every way. They are seeing the volume of transactions the MFB and fintechs are doing daily so they want to chop from inside
Oga once u send the next 1# it'll reach 10k and you'll have to pay, you think say you wise. grin
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by Ikumapkayi: 7:58pm On Sep 07, 2024
givedemwotowoto:
This transfer levy already existed for senders, right? Now they're including recipients.

He said he will widen the tax net, he wasn't kidding. That's the only way he knows to generate money for his private jets and lavish living.

This method works in Lagos because the state was already the center of commerce for Nigeria with seaports vital to Nigeria's economy, but when you're dealing with a national economy which includes over 30 struggling states, you have to get more creative.

He is highly deficient in this regard, that's why Nigeria is in crisis right now from his policies.

This is why I support Peter Obi. His focus is on Nigeria's major revenue sectors to encourage production and exports. Widening the tax net only works for a vibrant economy else you will kill ailing businesses and there won't be new ones to replace them if you're not attracting them.

Do you know that the US imports up to 20% of their agriculture supply and up to 15% of their processed food from abroad? Guess who's on that top 20 supplier list? India, Malaysia, Thailand, and China. These countries have no borders with the US. In fact, they are further away from the US than Nigeria.

Do you know that the UK is a net importer of food, with up to 50% of their food products imported from abroad? Guess who's in the top 20 suppliers of agriculture imports to UK? South Africa and India.

But you can't achieve agriculture without fighting insecurity. You also can't boost oil production without fighting illegal refineries and other issues challenging oil production, and of course the heavy corruption in NNPC happening even with limited production.

Then you think about foreign investors. You have to be out there and have a respectable background as well. Obasanjo's first term in office was spent mostly on international trips abroad focused on rebuilding Nigeria's image, debt relief, attracting foreign investment, building diplomatic relations, and positioning Nigeria to secure a role in global governance.

These things are very important and can't be achieved by a leader enabling tribal bigotry among Nigerians as a means to keep their hold on power
You epistle is absolute crap. You all want good infrastructures but don't want to pay tax. Nigeria's tax to GDP is 19% the lowest in Sub Saharan Africa yet you want the best schools, roads, electricity etc.
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by Treasure17(m): 8:09pm On Sep 07, 2024
Olam09:
You no fit comprehend ni.. i said above 4k that simply means 5,000 naira upward. They deduct 50 naira per every 5k credit alert upward.
Olodo that can comprehend. Still doesn't invalidate my statements that you are a terrible liar.
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by 9gerian: 8:12pm On Sep 07, 2024
cheesy grin

EyeCumInPiece:
Thïefnubu is maad! grin

600yrs of suffering for all those still supporting this éBola plague.
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by WhoDeyHause: 8:25pm On Sep 07, 2024
Ikumapkayi:
You epistle is absolute crap. You all want good infrastructures but don't want to pay tax. Nigeria's tax to GDP is 19% the lowest in Sub Saharan Africa yet you want the best schools, roads, electricity etc.
So what good infrastructures have we seen with all the bank charges, stamp duties and 50 naira tax on commercial banks prior to this one, especially after killing the economy.
Just look at how defending your pay masters makes you look dumb.
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by Abee79(m): 8:26pm On Sep 07, 2024
Some urchins go still dey support this clueless druggie 😔💔💔💔
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by WhoDeyHause: 8:27pm On Sep 07, 2024
dauntless15:
Oga once u send the next 1# it'll reach 10k and you'll have to pay, you think say you wise. grin
It's only for a transfer at a time though it's also possible we can see this your description in the nearest future. Look at what all of us are having to endure cause of some that feel government is about their tribe or religion person.
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by maasoap(m):
mastermaestro:
You are not worth my attention. Anyway, how much did you buy petrol today in your region? I learnt it is sold for 120 naira. Yes I meant one hundred and twenty naira. To you, anyone that speaks against this government must be Igbo. Getat! Nauseating bigoted tribalist! angry
This is the kind of foolishness we're urging your likes to desist from. See how you went off track now! I didn't quote you because you attacked this administration or because I wanted to defend this administration. I quoted you because you accused people of voting for Tinubu based on tribalism.
You didn't talk about governance but about the election and tribalism. And I quoted you to show you that you are wrong and a hypocrite. Mumu

mastermaestro:
At least when next you want to vote you will vote with your brains, not with your tribal card. Thank you your excellency, Chief Tinubu! grin
maasoap:
What is your tribe? And who did you vote for my dear friend? Obi got his largest votes from his region and people from his region didn't vote for other candidates. South West voted for Obi and Atiku massively. You're yapping nonsense
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by givedemwotowoto: 8:39pm On Sep 07, 2024
Ikumapkayi:
You epistle is absolute crap. You all want good infrastructures but don't want to pay tax. Nigeria's tax to GDP is 19% the lowest in Sub Saharan Africa yet you want the best schools, roads, electricity etc.
Let's compare Nigeria to oil producing countries, most populous countries, and some countries in Africa

Tax to GDP ratios of oil producing countries like Nigeria:

1. United Arab Emirates: Less than 1%
2. Kuwait: About 1%
3. Qatar: About 2%
4. Saudi Arabia: About 5%
5. Iraq 4%
6. Angola 9%

Since you're most likely to mention population, Tax to GDP ratios of some of the most populous countries:

1. China: 18%
2. India: 11%
3. USA: 25%
4. Indonesia: 11%
6: Russia: 20%
7. Mexico: 16%

And Since you mentioned Africa,

1. Ghana: 14%
2. Kenya: 14%
3. Egypt: 13%
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by MomohMrMoore: 8:42pm On Sep 07, 2024
The Tinubu government is a tax collector government. They impose different kinds of taxes and tariffs on the people to concentrate money in the hands of the government.
SCAM government.
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by Olam09(m): 8:49pm On Sep 07, 2024
Treasure17:
Olodo that can comprehend. Still doesn't invalidate my statements that you are a terrible liar.
Oponu ode.. i no fit dey show you my account statement you for understand well.
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by chukwuibuipob: 9:17pm On Sep 07, 2024
AjegunleBoy:
d renewed shégé banza dey totori u for body ba?

dis is just Genesis, revelation still far!

Efonkonbale, jagaban is working!
grin
wetin dey totori ur body grin? My only problem is scarcity of PMS sad. .Make we give the President till December to do the needful. That All
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by fitinwell: 9:27pm On Sep 07, 2024
fergie001:
SOURCE
Nigeria was designed to kill destinies...

Nothing anyone can tell me...
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by Offpoint1: 9:40pm On Sep 07, 2024
Tayorshd87:
What is wrong in this country that the poor cannot use escape route to make transactions all because u knew people are not using normal banks anymore due to their enormous charges now the OPAY people ran too yet u place fee on it again 🤔

So if people migrate to palmpay meaning in due time u Wil still tag 50 tax again 🤔

Nigeria my country 😏

I actually voted this man all in the name of he should replicate how he built Lagos not knowing Lagos is a room but NIGERIA is a big compound 🙁☹️☹️🙁☹️
Shxt is applicable to palmpay too, in fact all mobile banks
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by stanisbaratheon: 9:59pm On Sep 07, 2024
Daft idea. Why create a cashless policy only to turn around and levy the citizens for using same electronic medium you advocated for?

Wickedness, daft, evil government.
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by ufotunang: 10:13pm On Sep 07, 2024
Renewed hope to renewed shege
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by TeeSure: 10:33pm On Sep 07, 2024
Tayorshd87:
What is wrong in this country that the poor cannot use escape route to make transactions all because u knew people are not using normal banks anymore due to their enormous charges now the OPAY people ran too yet u place fee on it again 🤔

So if people migrate to palmpay meaning in due time u Wil still tag 50 tax again 🤔

Nigeria my country 😏

I actually voted this man all in the name of he should replicate how he built Lagos not knowing Lagos is a room but NIGERIA is a big compound 🙁☹️☹️🙁☹️
Palmpay and Moniepoint are included
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by Olam09(m): 10:43pm On Sep 07, 2024
Treasure17:
Olodo that can comprehend. Still doesn't invalidate my statements that you are a terrible liar.
Stupid idiot this is the charges for today only oo.. imagine how much i get charged in a month. Person go dey tell you something you go dey do like say you sabi everything. Business man dey reason you you dey talk say na lie.

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by Prettychild(f): 11:18pm On Sep 07, 2024
fergie001:
SOURCE
Omo! Tax them till dem reach breaking point! God abeg!
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by emmy4real94(m): 12:11am On Sep 08, 2024
Tayorshd87:
Oga we go use palmpay instead ..

Palmpay is still tax free for now .

Make Una take note

Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by obonujoker(m): 1:55am On Sep 08, 2024
Tayorshd87:
Oga we go use palmpay instead ..

Palmpay is still tax free for now .

Make Una take note
Lol .. it applies to all fintech
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by opeldavid: 2:11am On Sep 08, 2024
This is just the beginning. U guys ain't seen nothing yet. Tinubu & APC very wicked and heartless.
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by Saidfx(m): 2:19am On Sep 08, 2024
World bank is using tinubu to get at us. Bill gate said Nigeria is paying too little tax and that can not make the economy grow. He, Bill gate, was in attendance at the FEC meeting along side dangote chaired by the vice president. We are in for a long rough ride..ire o!
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by Jeffy1206(m): 3:31am On Sep 08, 2024
Tayorshd87:
What is wrong in this country that the poor cannot use escape route to make transactions all because u knew people are not using normal banks anymore due to their enormous charges now the OPAY people ran too yet u place fee on it again 🤔

So if people migrate to palmpay meaning in due time u Wil still tag 50 tax again 🤔

Nigeria my country 😏

I actually voted this man all in the name of he should replicate how he built Lagos not knowing Lagos is a room but NIGERIA is a big compound 🙁☹️☹️🙁☹️
make I reserve my curses for something unreasonably reasonable.
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by sweetkev(m): 4:56am On Sep 08, 2024
Tayorshd87:
What is wrong in this country that the poor cannot use escape route to make transactions all because u knew people are not using normal banks anymore due to their enormous charges now the OPAY people ran too yet u place fee on it again 🤔

So if people migrate to palmpay meaning in due time u Wil still tag 50 tax again 🤔

Nigeria my country 😏

I actually voted this man all in the name of he should replicate how he built Lagos not knowing Lagos is a room but NIGERIA is a big compound 🙁☹️☹️🙁☹️
He didn't build Lagos. Jakande, Otedola and governors after Tinubu did, excluding
Ambode.
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by sweetkev(m): 5:08am On Sep 08, 2024
billgabb:
Anyway, Tinubu did not build Lagos. Tinubu was even the worst performing governor Lagos State has ever had. So, you were deceived and likely going to be deceived.
That is to show you that most Nigerians forget things so easily and are very gullible. Probably some were not born or were still babies when Tinubu was governor of Lagos state. He really amazed me how some people say Tinubu built Lagos. Lagos is not even in the list of best cities in Africa. When you travel to other popular cities in Africa, you will know that Lagos is not worth it. Too rough, dirty, noisy and overpopulated. Mind you, I'm a Yoruba, a Lagosian born in itire surulere, now under Mushin Ajina LCDA.
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by Sterlingdgreat: 5:18am On Sep 08, 2024
Lalami3232:
Weather you cry, get angry, pray, insult or accept it, the government is here to stay for 8yrs 4yrs. Shebi una say Jonathan was too weak? So why the unnecessary complains?? Pls make nobody come here to lament, embrace whatever the first 4 yrs gives to you in peace. We have over 1000 days more, so learn to embrace the ride cheesy.
What do I even know sef aside enlightening my fellow men nationwide with the good news



Are you a virgin

Oga if you no meet your wife as a virgin, oga go for DNA test oooooo because boreholes aka non-virgins can't be trusted atall atall
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by JaskanFactor: 7:53am On Sep 08, 2024
irepnaija4eva:
I'm telling you folks, they'll soon tax the Air we breathe..
the oyinbo colonial masters tifnubu is working for already did far more than tax the air you breath, when they told everybody to suffocate themselves wearing mask to come collect poison jab thats now making young people to slump and die.

And even far more than taxing the air you breath is using your tax money to fund the civil servant terrorists that are depopulating Nigeria.

I dont think the oyinbo people who really run Nigeria want to tax the air Nigerians breath, they just want the people to die.

1 year before they rolled out the poison jab, they were expanding the burial ground all over the country, so i dont think they want to tax the air you breath when they have already expanded the burial ground capacity all over the nation.

Reminds me of the james bond movie scene where Mr Bond is tied down to a bed by his enemy. Then Mr Bond says to his enemy , i suppose you expect me too talk , and the enemy who tied him down said , no mr bond , i expect you to die.

The wickedness and hatred of oyinbo people for Africans is all that tifnubu is carrying out as thier servant.

No they do not want to tax the air you breath, they have expanded the burial ground, as of 2019.
We are facing genocidal colonial racism possibly an extinction event for us.

This is why i say, anybody who is not in the ruling gang, and has had any kind of party lifestyle since the poison jab in 2020 is mentally insane, cause they still dont know the meaning of what happen in 2020, that was the end of the world.
Re: FIRS imposes N50 Levy For Transfers From ₦10,000 & Above by Danisaint112(m): 8:07am On Sep 08, 2024
Tayorshd87:
What is wrong in this country that the poor cannot use escape route to make transactions all because u knew people are not using normal banks anymore due to their enormous charges now the OPAY people ran too yet u place fee on it again 🤔

So if people migrate to palmpay meaning in due time u Wil still tag 50 tax again 🤔

Nigeria my country 😏

I actually voted this man all in the name of he should replicate how he built Lagos not knowing Lagos is a room but NIGERIA is a big compound 🙁☹️☹️🙁☹️
It will not be well with you for bringing such calamity upon Nigerians even after seeing all the red flags 🚩 (arrogance, tax collection business in Lagos, infusement of tribal & religious sentiment, thuggery, hate speech and desperation).🚩

This is not a curse but impending and unavoidable karma about to befall you and you likes. Voting APC was even the height of it. tf. 😐
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