₦airaland Forum

BlueRayDick:
I'm saying how do u track vat through individual accounts especially for small business owners who are probably not registered with CAC?

If they are saying they will go hard on small business owners, will they do the same for accounts of Senators, Governors and political office holders who sell contracts to their cronies for percentages ?

BlueRayDick:
😂😂😂

Sperm wey go fertilize no go call u for phone tell u say e Don reach tip o

GloriousGbola:
the truth of the matter is that these things are easy to tell

especially as when doing a transfer you will label the transaction as payment for a service.

will you pay for a phone by transfer without labelling the transaction?

years ago gtb actually tagged my account as a tier 3 business account because i was being paid for PP through it

we engaged a seller to buy pumps. the guy said you can pay me direct no vat - or pay through my business account with vat. we paid him direct - but we also labelled the transaction. because you also need that for your internal paper trail

the FG is closing the loophole

swiz123:
Pre cum can escape before you think of reaching climax, so what happens then? Same pre cum can wait for an egg for as long as 6 days.

Let’s not even talk about the urge to continue shortly after with some residue still hanging around.

Waiting for a woman to get past ovulation means you have to wait for at least 20 to 25 days within a cycle for best possible result. Which man has such patience?

He is a lucky guy, underestimating 'precum'.

Niqqa wd have been wondering why even after pull-out she still gets pregnant and even start thinking she's cheating...should he not be lucky enough.😁

swiz123:
If you think you are successful at pull out over an extended period of time, then you might be celebrating low sperm count without knowing .

GloriousGbola:
when i am paying for a service through proper channels - i am paying vat on it

if you buy data, vat is included. buy something at the mall, vat is included.

it is really simple. if you have over 5m inflow, all they need to do is look at your bank statement. any transactions that are payments for services will likely be labelled as such

say i buy a car from you and i choose to write gift in the payment instead of payment for car - if we have a falling out tomorrow there is no evidence of payment

one time i paid my kids school for a service that i eventually did not use. i asked them to refund and they were saying they could not find evidence of the payment. so i went into my emails and located it. i was able to find it because i had named it as payment for abcd

swiz123:
So it has gotten to forcing banks to snitch? Well, it will be interesting to see how this thing will play out given that an account can do over 5 million transactions in a month and profit no go pass 150k. While some with less than that figure make more in profit.

Melvyn11:
Does this include Opay and others?

Theflint1:
People can skirt around this by not adding descriptions.

TemporaryHansel:
Will this be applied to only business accounts? Or it'll also apply to personal accounts too?

BlueRayDick:
I don't label most payments I make. I do transfer and send the evidence of transfer to the receiver.

I really don't think Nigeria has the database and framework to track VAT on goods and services provided by SMEs

I really don't think Nigeria has the database and framework to track VAT on goods and services provided by SMEs

BlueRayDick:
FIRS has not yet given guidelines on how the whole thing will play out. But ideally it is profit that is expected to be taxed,not the full amount
one gets credited in his or her account.

swiz123:
How do you suppose profit can be taxed? Who will calculate the profit SMEs make?

iamoyindamola:
Na grok go start ww3
Opka na you be this?

Emaprince:
Na wa o

GloriousGbola:
when i am paying for a service through proper channels - i am paying vat on it

if you buy data, vat is included. buy something at the mall, vat is included.

it is really simple. if you have over 5m inflow, all they need to do is look at your bank statement. any transactions that are payments for services will likely be labelled as such

say i buy a car from you and i choose to write gift in the payment instead of payment for car - if we have a falling out tomorrow there is no evidence of payment

one time i paid my kids school for a service that i eventually did not use. i asked them to refund and they were saying they could not find evidence of the payment. so i went into my emails and located it. i was able to find it because i had named it as payment for abcd

swiz123:
Yes, both business and personal with cash flow of 5M and above.

PDPGuy:
On the same day, the UAE restricted Nigerians who are between 18-45 to flying with a family member/friend in order to gain a tourist visa. And also requires Nigerians who are 45 or older to provide bank statements for the preceding 6 months showing a minimum balance of $10,000, to qualify for a tourist visa..

Now, Canada has also mandated Nigerians, interested in their Express-Entry visa, to show a minimum proof of funds of N17 million..

It’s like all these countries jointly held a meeting on our matter 😂😂

swiz123:
P2P traders move crazy funds daily without labeling them with anything specific. I buy things without labeling them correctly. In fact, 95% of anything I buy is labeled with my nickname.

GloriousGbola:
i am surprised at that. coming from you. you are a meticulous /ordered guy and you work in an environment where the importance of records is reinforced daily

as a personal matter and as a business matter, i tag all my transfers.

sometimes that is what you need when you are calling out an artisan who you have paid over 200k cumulative for your car
.

TemporaryHansel:
Na to just keep your money as usdt na. Anytime you want to buy something you sell small coin or if the person accept crypto payment you pay with coin. This is what I do mostly.

iamoyindamola:
Na grok go start ww3
Opka na you be this?

PDPGuy:
On the same day, the UAE restricted Nigerians who are between 18-45 to flying with a family member/friend in order to gain a tourist visa. And also requires Nigerians who are 45 or older to provide bank statements for the preceding 6 months showing a minimum balance of $10,000, to qualify for a tourist visa..

Now, Canada has also mandated Nigerians, interested in their Express-Entry visa, to show a minimum proof of funds of N17 million..

It’s like all these countries jointly held a meeting on our matter 😂😂

raumdeuter:
How much is N17m in Canadian Dollar.

swiz123:
Concerning that, FX rate is moving funny. Rates fall while prices of groceries rise. Don’t you think you are losing money by trading in bits?

I have stopped buying USDT for sometime now because prices of things don’t reflect FX rate one bit.

PDPGuy:
Yoruba man wins election as mayor of New Jersey, you rejoice and say Naijerians are dominating abroad.

Igbo man expresses intention to contest election in Lagos, you say "it can never happen, Igbos like to dominate".

It's okay for Nigerians to dominate abroad, but not okay for an Igbo man to "dominate" Lagos.

Oyibo man says you can't get automatic citizenship by birth in his country anymore, you say he is rącıst and ėvıI.

Then from that abroad that you are, you make a post telling an Igbo man that was born and raised in Lagos to go back to his state.

You want oyibo man to accept you despite the obvious difference in skin color, culture, mental superiority, geographical divide spanning thousands of miles, language and accent.

But you cannot accept a fellow country man just a few kilometers away, who looks exactly just like you, just because he speaks a different language or dialect.

Even an Igbo man from Anambra will feel superior to an Igbo man from Abakaliki just because he thinks he is more Igbo than the latter.

But if he goes to China he wants to be treated with dignity, like the royalty that he is not.

The Black man doesn't hate racism, he just hates the fact that he is the victim.

Even a Black man is nicer to an oyibo man than he is to his fellow Black man, not because he is naturally hospitable, but because he wants acceptance by the oyibo man.

This why I don't really join protests, because the people protesting are usually no better than the people they're protesting against.

When they get the opportunity, they usually do worse harm than they complained about.

The Black man may have a beautiful Black skin tone, but an ugly black mind.

TemporaryHansel:
Gloriousgbola is genuinely hilarious. Watching Nigerians criticize Trump’s immigration stance is top-tier comedy. Let’s be honest, no other country on this planet would stomach the kind of immigration chaos the U.S. has endured.

This is coming from Nigerians who can barely coexist with neighboring tribes in the same Nigeria, yet suddenly become global human rights advocates when it’s America. Imagine Ghanaians, and other West Africans flooding into Nigeria illegally like Latin Americans do into the U.S. –Nigerians wouldn’t wait for immigration officials.
They’d organize community eviction committees by lunchtime.
Trump’s policies only look harsh if you drown them in emotions, hypocrisy, and a sprinkle of performative outrage. Strip all that away, and it’s just a country protecting its borders.