₦airaland Forum

With the new tax law that will be implemented in 2026, it is going to affect your personal relationship, more people will become very selfish because they dont want to pay more tax to the government. more people will save more, this new tax bill might actually affect clubs or some businesses that are used to launder funds.

in your personal relationship, If you’re transferring money often to your girlfriend or relations, it could be flagged as income. That means, you may have to explain the source of money, the receiver may also be asked to account for inflows, this can create tension in relationships, especially where money used to flow quietly.

Cash will become king, if you don't pay me cash for your services, you pay me double so I can get extra to give the thieves.

vanbonattel:
Cash will become king, if you don't pay me cash for your services, you pay me double so I can get extra to give the thieves.

i dont think so..the cash will still have to come from an account that mean you will still be tracked.

vanbonattel:
Cash will become king, if you don't pay me cash for your services, you pay me double so I can get extra to give the thieves.

Simple, to avoid Tinubu dipping his greedy hands into our pockets we have to improvise..

Cash, crypto and other means of payment will take priority.

I will never slave for Tinubu to come and take 25% of my wealth, after providing my own water, shelter, power and other essentials without one kobo of government support.

Tinubu is the Oil minister, he has monopolized Oil wealth for himself, politicians and corrupt Supreme court judges.

Yet they still want to keep pushing their luck too far by dipping their hands into our pockets like Agberoes working for MC Oluomo under Oshodi bridge.

They are emboldened everyday because Nigerians have become docile and sedentary. Like thieves and rogues, their appetite for free money extorted from Nigerians keep growing because Nigerians have refused to push back. Now they ask for your blood.

Libya as an oil country under Ghadaffi was giving 100% free education, buying houses for citizens, free water pumped by government, free power. Almost 0% taxes. Same with many other Arab countries..

Why must Nigeria's own be different? You take the oil money, provide nothing for generality of the people, yet you ask for their blood in taxes? Wetin dey give Tinubu mind sef? IMF? World Bank? France?

By next year, if Nigerians look for 1 kobo of the money in their accounts, the only choice will be to go the NEPAL way.

Please how will the new tax law affect olosho.

E.g if I carry two big olosho fir TDB for 2k . What am I paying to the government

Dalohad:
Simple, to avoid Tinubu dipping his greedy hands into our pockets we have to improvise..

Cash, crypto and other means of payment will take priority.

I will never slave for Tinubu to come and take 25% of my wealth, after providing my own water, shelter, power and other essentials without one kobo of government support.

Tinubu is the Oil minister, he has monopolized Oil wealth for himself, politicians and corrupt Supreme court judges.

Yet they still want to keep pushing their luck too far by dipping their hands into our pockets like Agberoes working for MC Oluomo under Oshodi bridge.

They are emboldened everyday because Nigerians have become docile and sedentary. Like thieves and rogues, their appetite for free money extorted from Nigerians keep growing because Nigerians have refused to push back. Now they ask for your blood.

Libya as an oil country under Ghadaffi was giving 100% free education, buying houses for citizens, free water pumped by government, free power. Almost 0% taxes. Same with many other Arab countries..

Why must Nigeria's own be different? You take the oil money, provide nothing for generality of the people, yet you ask for their blood in taxes? Wetin dey give Tinubu mind sef? IMF? World Bank? France?

By next year, if Nigerians look for 1 kobo of the money in their accounts, the only choice is will be to go the NEPAL way.

Too many ignorant people in Nigeria!!!

Many of us will switch to cash transactions

Nigerian doesn't really know the effect of the new tax law. Maybe when implemented, that is when we get serious.

delkuf:
Nigerian doesn't really know the effect of the new tax law. Maybe when implemented, that is when we get serious.

on the contrary,the new tax law is a sigh of relief. Unless you are a high income earner,your tax will definitely reduce. Pick a copy of the tax law and read up

Nigeria is den of fools, law abiding technocrats are in the streets struggling to survive while criminals that are supposed to be in jail are in our government houses, 2026 will be a year that no one will ever forget, every day is for the thief but one day is for the owner of the house, what is this government doing with the revenue from taxes and oil sales since inception?, it's all about looting and looting while strangling the poor helpless masses, one day monkey will go to the market but will not return

kunle4toyeyaho:
on the contrary,the new tax law is a sigh of relief. Unless you are a high income earner,your tax will definitely reduce. Pick a copy of the tax law and read up

Typical APC blind supporter. How will the new tax be a relief?

If you know how many small and medium scale businesses and sole traders struggling to keep their businesses running that will be affected negatively by this new Brutish, devilish tax law, you won't be typing what you just typed.


Tinubu will crash Nigeria's economy with this new tax law because it will negatively affect and crumble many small, medium scale businesses and sole traders and transfer the money to irresponsible government of Nigeria that will never use it to better the lives of the Nigerian masses


But in your gullibility, it is better to take money from Nigerian struggling businesses and traders and put it in the hands of irresponsible government.


Many businesses will close up.

What the new tax law means is that every business in Nigeria must now make it compulsory to collect 7.5% VAT for all their transactions and remit to federal government monthly.


Now imagine adding 7.5% vat to all commodities and services you are enjoying now without vat, how do you think Nigerians with dead purchasing power will afford it?


It will mean low patronage for businesses, reduced consumption by Nigerians as they struggle to avoid buying some of their daily needs.


You guys don't know how wicked Tinubu is, that man is inhumane and insensitive to the plight of the average Nigerian

kunle4toyeyaho:
on the contrary,the new tax law is a sigh of relief. Unless you are a high income earner,your tax will definitely reduce. Pick a copy of the tax law and read up

Well said, bro but I think Nigerians, being who we are, will become more cunning in their ways in an attempt to evade tax.
While the struggling masses may enjoy some form of tax relief, the thought of high earners parting ways with a significant portion of their earnings will push them to device ways to evade the payments.
Moreso with a largely corrupt civil service, the tax officers will become kings seeking ways to aid and manipulate payments for kick backs.
.. anyway we shall see as 2026 is around the corner.

It will be unfair for me to transfer 800k to my wife, Mom or Dad and tinubu will collect 20% tax from them. Totally unfair 😡

Day169:
Well said, bro but I think Nigerians, being who we are, will become more cunning in their ways in an attempt to evade tax.
While the struggling masses may enjoy some form of tax relief, the thought of high earners parting ways with a significant portion of their earnings will push them to device ways to evade the payments.
Moreso with a largely corrupt civil service, the tax officers will become kings seeking ways to aid and manipulate payments for kick backs.
.. anyway we shall see as 2026 is around the corner.

So many small businesses will collapse, there I'll be less of jobs

Some were struggling to survive already and asking them for tax will kill them completely

How does 801k per year tagged as high income? 801k per year is not up to 3k per day whereas 3k naira cannot feed a grown up adult for a day

Government promised us good roads, electricity & so many things when they removed the fuel subsidy saying that the money wasted on fuel subsidy will be utilized to provide these amenities, my question is where are these amenities? What has changed for the better since removal of fuel subsidy for over 2years?

Life expectancy is very shortened in this country because the government policies is killing the masses. Lots of Nigerians cannot afford to eat a balanced diet once in a week.

alpharoyalty:
It will be unfair for me to transfer 800k to my wife, Mom or Dad and tinubu will collect 20% tax from them. Totally unfair 😡

That is the work of a Tax Master

Everything about Tilunbu is
TAX
TAX
TAX

WHAT AN UNFORTUNATE MAN!

Just in 2-3 years, inflation has risen by nothing less than 300% on every commodity.

-No meaningful progress or development
-Insecurity is the order of the day
-Minimum wage is just 70k and some governors are still owing till date.

JONATHAN WAS RECKLESS ARE CARELESS
BUHARI WAS CARELESS AND USELESS

NOW TINUBU!

We no go die.... If we can survive buhari regime for 8yrs who is babablue.

For the record this post is too shallow and funny.
Life will sha go on. Nigeria must work in our lifetime.
Away with enemies of Nigeria and the people

Dalohad:
Simple, to avoid Tinubu dipping his greedy hands into our pockets we have to improvise..

Cash, crypto and other means of payment will take priority.

I will never slave for Tinubu to come and take 25% of my wealth, after providing my own water, shelter, power and other essentials without one kobo of government support.

Tinubu is the Oil minister, he has monopolized Oil wealth for himself, politicians and corrupt Supreme court judges.

Yet they still want to keep pushing their luck too far by dipping their hands into our pockets like Agberoes working for MC Oluomo under Oshodi bridge.

They are emboldened everyday because Nigerians have become docile and sedentary. Like thieves and rogues, their appetite for free money extorted from Nigerians keep growing because Nigerians have refused to push back. Now they ask for your blood.

Libya as an oil country under Ghadaffi was giving 100% free education, buying houses for citizens, free water pumped by government, free power. Almost 0% taxes. Same with many other Arab countries..

Why must Nigeria's own be different? You take the oil money, provide nothing for generality of the people, yet you ask for their blood in taxes? Wetin dey give Tinubu mind sef? IMF? World Bank? France?

By next year, if Nigerians look for 1 kobo of the money in their accounts, the only choice is will be to go the NEPAL way.

You know nothing about governance, just laments

MrIcredible:
Everything about Tilunbu is
TAX
TAX
TAX

WHAT AN UNFORTUNATE MAN!

Just in 2-3 years, inflation has risen by nothing less than 300% on every commodity.

-No meaningful progress or development
-Insecurity is the order of the day
-Minimum wage is just 70k and some governors are still owing till date.

JONATHAN WAS RECKLESS ARE CARELESS
BUHARI WAS CARELESS AND USELESS

NOW TINUBU!

😂😂😂

You are not interested in seeing a working Nigeria, you want a specific person to be the president of this country which won’t even happen. You don’t know how the system is working. Lamentation 101

You mean they will flag urgent 2K?

Na those OS patronize should be worried, why should any sane man give OS 5M

kunle4toyeyaho:
on the contrary,the new tax law is a sigh of relief. Unless you are a high income earner,your tax will definitely reduce. Pick a copy of the tax law and read up

sigh of relief from what?

sdgjjjjjjjjjjjjjjjjjjjjjjjjjj

Dalohad:
Simple, to avoid Tinubu dipping his greedy hands into our pockets we have to improvise..

Cash, crypto and other means of payment will take priority.

I will never slave for Tinubu to come and take 25% of my wealth, after providing my own water, shelter, power and other essentials without one kobo of government support.

Tinubu is the Oil minister, he has monopolized Oil wealth for himself, politicians and corrupt Supreme court judges.

Yet they still want to keep pushing their luck too far by dipping their hands into our pockets like Agberoes working for MC Oluomo under Oshodi bridge.

They are emboldened everyday because Nigerians have become docile and sedentary. Like thieves and rogues, their appetite for free money extorted from Nigerians keep growing because Nigerians have refused to push back. Now they ask for your blood.

Libya as an oil country under Ghadaffi was giving 100% free education, buying houses for citizens, free water pumped by government, free power. Almost 0% taxes. Same with many other Arab countries..

Why must Nigeria's own be different? You take the oil money, provide nothing for generality of the people, yet you ask for their blood in taxes? Wetin dey give Tinubu mind sef? IMF? World Bank? France?

By next year, if Nigerians look for 1 kobo of the money in their accounts, the only choice is will be to go the NEPAL way.

I think the conversation should be around how to get Government to properly utilize tax revenue. Tax is paid any where in the world but we must see what the tax is being used for. Simple.

When a rat learns that the trap has been reset, it begins to eat with caution.

So brace yourself from 2026, not only will government tax your hustle, they will also tax your love.

2026 is going to be a good year for more taxes from people who complains about the price of petrol being hiked up but can waste money on bottles of beers and irrelevant things.

Jagaban my mentor. He really needs to teach them a lesson.

One Yoruba man said "even if a painter of garri is 20k, that they're still going to buy as long as obi is never president"

So why cry of taxes when you/they said they're comfortable with the outrageous taxes upon taxes

Daddyyin:
You know nothing about governance, just laments

since you know everything about governance, I do not see anywhere in your comment where you negated a single thing he said.

can you respond with facts about all he said?

Bola will drastically suppress us from breathing at this point.