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Please Can Someone Expliain This Tax Law To Me - Romance - Nairaland

Nairaland ForumNairaland GeneralRomancePlease Can Someone Expliain This Tax Law To Me (849 Views)

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Please Can Someone Expliain This Tax Law To Me by Mrdealer4all(op): 2:02pm On Oct 03, 2025
I was able to raise and saved 8.m in my savings account since August for japa purpose. You mean january 2026, this govt will remov 20 percent from the money or what. .

Since I finish school this govt no give me job or ask me how i take they feed for years.
They never contribute 1 kobo in my life.

Money when i suffer save to use and Japa.
They will come and take my 20 percent ..
Abeg tell them make dey no tri am abeg
Re: Please Can Someone Expliain This Tax Law To Me by Exousiang01(m): 2:22pm On Oct 03, 2025
The country you plan to travel to, I believe you have imagined that the government there will give you a job since the government of Nigeria did.
And you will also be paying less tax from the pay you get from the job.

For your information No government any where gives jobs to it's citizens.
Government only creates enabling environment for start ups and business expansion.
With that 8m you are either not a very smart person or you have your mind focused on leaving the country because writing this I can easily think of many things 8m can start comfortably

You will most probably pay higher % taxes where you are going and the cost of living will still be higher.
The problem is really not the tax but your refusal to think. Expecting everyone to do all the thinking and creating jobs so you can go and collect salary.

How many companies does the UK government have? How many companies does the US government have.
Human beings like you sat down and did something that is why you can have a job.

I live in the UK but most of my hustle is in Nigeria. Many young people like you are here looking for food and shelter. They came here with money they should have used to start up a small business and grow it.

You are not smart enough to know that that money should be in an investment account yielding interest for you and you think say na Naija be your problem
Re: Please Can Someone Expliain This Tax Law To Me by Talkisneeded(m): 11:59pm On Oct 03, 2025
Exousiang01:
The country you plan to travel to, I believe you have imagined that the government there will give you a job since the government of Nigeria did.
And you will also be paying less tax from the pay you get from the job.

For your information No government any where gives jobs to it's citizens.
Government only creates enabling environment for start ups and business expansion.
With that 8m you are either not a very smart person or you have your mind focused on leaving the country because writing this I can easily think of many things 8m can start comfortably

You will most probably pay higher % taxes where you are going and the cost of living will still be higher.
The problem is really not the tax but your refusal to think. Expecting everyone to do all the thinking and creating jobs so you can go and collect salary.

How many companies does the UK government have? How many companies does the US government have.
Human beings like you sat down and did something that is why you can have a job.

I live in the UK but most of my hustle is in Nigeria. Many young people like you are here looking for food and shelter. They came here with money they should have used to start up a small business and grow it.

You are not smart enough to know that that money should be in an investment account yielding interest for you and you think say na Naija be your problem
You live there and do your business here..
Why not live hereand do your business here,sometimes leaving this country is not because of greener pastures ,but the search for a quality life in a sane environment…
My friend has a cousin who stays in the USA,girl every weekend drives four hours at night meet her family in another town with no hitch nor hindrance…
Can you drive two hours at night in this country without wahala
Re: Please Can Someone Expliain This Tax Law To Me by ednut1(m): 12:12am On Oct 04, 2025
Mrdealer4all:
I was able to raise and saved 8.m in my savings account since August for japa purpose. You mean january 2026, this govt will remov 20 percent from the money or what. .

Since I finish school this govt no give me job or ask me how i take they feed for years.
They never contribute 1 kobo in my life.

Money when i suffer save to use and Japa.
They will come and take my 20 percent ..
Abeg tell them make dey no tri am abeg
tax is on income not on savings. The government cannot take 20% of your savings thats not how taxes work. Stop the misinformation .

Going forward the government now requires single transactions above 5m naira to be reported to the tax authorities by the banks. So at the end the year if they dont see your tax filling they can contact you to explain . This is a country where people buy cars and build big houses yet pay zero taxes. Dino melaye paid 85k as tax on 2019 yet bought cars worth billions.
Re: Please Can Someone Expliain This Tax Law To Me by 10thTenthMan: 3:54am On Oct 04, 2025
Mrdealer4all:
I was able to raise and saved 8.m in my savings account since August for japa purpose. You mean january 2026, this govt will remov 20 percent from the money or what. .

Since I finish school this govt no give me job or ask me how i take they feed for years.
They never contribute 1 kobo in my life.

Money when i suffer save to use and Japa.
They will come and take my 20 percent ..
Abeg tell them make dey no tri am abeg
You are all funny people.

Especially with all these ''tell them not to try it o''. There is nothing any Nigerian will do but adjust to itas usual. I triple dare anyone. No one protested much when it was being read and passed. Anyway, see Jude Bella. He tried in explaining it. https://www.youtube.com/watch?v=nCrN7RF2U8U .
Re: Please Can Someone Expliain This Tax Law To Me by Exousiang01(m): 11:25am On Oct 04, 2025
Talkisneeded:
You live there and do your business here..
Why not live hereand do your business here,sometimes leaving this country is not because of greener pastures ,but the search for a quality life in a sane environment…
My friend has a cousin who stays in the USA,girl every weekend drives four hours at night meet her family in another town with no hitch nor hindrance…
Can you drive two hours at night in this country without wahala
Are you leaving the country so you can drive 4 hours without check point?
The same folks of your kind will be first to attack the same country if someone gets kidnapped on those same roads.
You make noise about insecurity yet you complain about the little effort you see them put in. Are you sure you think?
Re: Please Can Someone Expliain This Tax Law To Me by Talkisneeded(m): 2:52pm On Oct 04, 2025
Exousiang01:
Are you leaving the country so you can drive 4 hours without check point?
The same folks of your kind will be first to attack the same country if someone gets kidnapped on those same roads.
You make noise about insecurity yet you complain about the little effort you see them put in. Are you sure you think?
I’m leaving the country because I want quality life..
Hardwork can make you wealthy but hardwork can’t guarantee you quality life and that’s the difference
Re: Please Can Someone Expliain This Tax Law To Me by Exousiang01(m): 2:59pm On Oct 04, 2025
Talkisneeded:
I’m leaving the country because I want quality life..
Hardwork can make you wealthy but hardwork can’t guarantee you quality life and that’s the difference
All these young people.

We have many like you here whose only reason for not returning is because they can't even afford a flight ticket back home....
No allow pictures fool you ohh.
N20million naira cannot get you to England and help you settle down properly.
But 20 million can set up a good business for you that in a few years can make you comfortable enough to go for holidays.

Have you not noticed that the richest Nigerians are not outside Nigeria?
Don't you think they is something they see in Nigeria that you are not seeing?
Don't you think the best thing for you is to find out what the richest Nigerians see in Nigeria that makes them travel only for holidays?

Make una dey think big
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