₦airaland Forum

Spy360:
Taxes have never been the problem. It's what they do with it that makes people question whatever tax method is used.

Now when you have a reckless government that wastes money on overrated foreign trips, build extravagant and overpriced houses for themselves, move with convoys like trains with a 100 coaches etc, no matter the type of tax law they introduce, it will be resisted.

The other day a governor's wife travelled to Turkey with 20+ other women they say are LG chairmen's wives and this is excluding their personal aides o for some kind of retreat. This is at a time the government is telling the people to endure harsh economic policies. But they are using the funds collected from the public meant for social amenities to lavish abroad

I have heard of money miss road before, but this one is argument miss road.

The issue was that people came here to criticize the new tax laws. It was not about corruption or government waste or any other irrelevant thing you just listed. You are trying to eat pounded yam and rice in the same plate. Stop it.

I was specifically asking clarification on the new tax laws.

larride:
Still the same Sege I see. Not surprised a bit.

If I ask if you have read the tax law now, I know what the answer will be.

Man no dey carry change na ...bros


This is not about the tax being explained...the argument or rather d screenshot d other guy brought was all about baba being against a new tax..warning it will cripple d economy but today there has been a 100% turn around irrespective of what your formula depict..

Mind you...every average biz man that uses fintech banks pays up 200 (about 70k per annum)as transfer tax daily [transfer of more than 10k]

I have not seen any explanation on d proposed formula except from ur end.....anything explanation from an APC chieftain/supporter is taken with a pinch of salt cox they always comes out as false or half truth....history has been consistent.


Back to u...u v been missing for almost 600yrs despite being always available on d other thread...all of a sudden ur re-availability is a gospel song polishing or explanation on why d forthcoming tax is worth applauding.

TemporaryHansel actually was trying to cross Ts

izzou:
[color=royalblue]Tax and accounting is not my forte. I cannot even deduce what the whole stuff entails.

But I know that many Nigerians will not be taxed.

And I also foresee cash payments being popular again. All these Olosshows wey dey charge 150k per night, go collect 100k cash, and 50k transfer, to stay within the 800k per annum category [/color]

I was just asking for clarification on whether the new tax laws were harsher on the common man than the current tax laws or not, and larride appears to have answered that question.

Yet some people are saying the killings and genocide are not planned......

https://x.com/CatiaKyen/status/1978871812990636269?t=TFe79dAzSFGEtTWCuFOrrQ&s=19

BlueRayDick:
You are not getting it. The bank has done what they need to do by placing a lien on the receiving account so nobody can withdraw from that account again but does not help your case. Why? The money they transferred from your account to that account was withdrawn immediately. While you are being held hostage by the criminals, they would've dropped one of their members along the way to go see to withdrawing the money. By the time they are releasing you, the money has already moved. Don't forget that they took your phone, and every other means you can use to get through to your bank, and you will be dealing with injuries and trauma from the incident for the most part of that day before having chance to reach your bank o.

As for the police, e be like you no know how much Nigeria police dey collect to mobilize to sort that kind case. Mind you, at the time they will be demanding that money your net worth is 0.

Make Nigeria no just happen to you, it is only then you will understand the kind of jungle we live in.

as an aside - you think say nigeria never happen to me

BlueRayDick:
Nigerians are vexed because typical of Nigeria, most times what is stated on paper don't usually play out in real life most times. There have been talks of the new tax law curbing multiple taxation but we will only know the true picture of things come 31st January 2026 when most people must have felt the impact of the new tax law either by the tax deducted from your salary or what the relevant tax authorities will demand from you after the first month of the new tax year.

For example they currently take more than x2 of some people's salary from my monthly income as tax. When I get periodic allowances it gets taxed too heavily and if I make investment from my already taxed income to earn interest ; I still pay tax on that income as well. Let's not forget that for every 10,000 that gets credited to my account the bank takes 100 naira on behalf of government which in itself is a tax. i.e if for example I move money from my salary account to my savings account or any other bank account, they will remove 100 naira from the receiving account.


Come 2026 one would need to see how all of these play out ; it is only then one can know if the talks about the tax law eliminating multiple taxation is real talk or if it's just government propaganda as usual.

We would also be interested in how sloths like NURTW people who collect cash on a daily basis are made to pay tax and not just only hardworking people.....

The people are also vexed with Oyedele whose job is to make them pay tax while nothing is being done about the corruption of the upper class. Nobody is happy paying tax to a government headed by Tinubu that would award a mega contract like the coastal road to Abacha's crony without following due process. It's just a case of people not trusting their leaders and they are nit wrong for not trusting them.

This is why the Larride's eulogy makes no sense..
He knows Nigeria's elite and has refused to embraced history.


It is strange but understandable sha

larride:
@afrodoc2

Same calculation works for the rest you mentioned.

Though the person earning 100k now under the new law will pay significantly lower taxes.

100k is 1.2m per Annum

Under the new law, the first 800k is not taxable

Leaving 400k, he has a rent relief of 20% of his annual rent or 500k, whichever is lower. Let's say the person is paying a rent of 200k per Annum, the person get a rent relief of 40,000. If the person is paying pension at 8% that's 96,000.

96,000 + 40,000 = 136k deductible

400,000 - 136,000 = 264,000

The person fall into the 15% tax rate = 15% of 264,000 = 39,600

The total tax the person earning 100k per month will be 39,600 per Annum, if you divide it by 12, it turns to 3,300 tax per month

Under the current law using the same calculation as above, the tax responsibility of someone earning 100k is 96,600 per Annum, divide it by 12 and you get 8,050 tax per month

So under the new tax law, the person earning 100k will pay significantly lower tax than he's currently paying.

How this proposed new paye different from the current one?
Because everything you listed is on the current one, I did an analysis on that sometime


https://www.nairaland.com/8016331/tax-experts-how-much-he#128707904

GloriousGbola:
as an aside - you think say nigeria never happen to me

No, I'm saying where Nigeria happened to you reach na im you know. Nigeria happening to person go far gan.

That's why you think the criminals would be caught by handing police a few thousand notes or that there's any thing bank can do to retrieve money wey criminals move to and already withdrew from burner bank accounts .

afrodoc2:
I have heard of money miss road before, but this one is argument miss road.

The issue was that people came here to criticize the new tax laws. It was not about corruption or government waste or any other irrelevant thing you just listed. You are trying to eat pounded yam and rice in the same plate. Stop it.

I was specifically asking clarification on the new tax laws.

😂

How can I chook mouth when my agenda won't surface?

Everything is linked.

BlueRayDick:
The explanation/clarification makes no sense one bit !

So the AGF is saying they are reviewing what the president has already approved ? How ? In what world does an appointee of the president go back to review what the president has already passsed approval on?

Even in big companies where u get approval for USD payments that reaches a particular threshold that requires CEO’s approval ; if u don see CEO approval na make payment officer process remain. There’s no review you want to do again when you already confirmed the CEO approved himself .

So how can Lateef Fagbemi claim he’s reviewing the presidential pardon after the president has approved ? Mind you , in the state house release initially they claimed the AGF chaired a committee that received 243 applications , listened to their testimonies, interviewed them and reviewed their cases before forwarding 175 names to the president for approval .

What they admitted by that press release was that they interviewed the notorious kidnapper kelvin who killed a former deputy governor and kidnapped ozekhomen ; yet somehow, they think releasing him makes sense. They also interviewed over 40 illegal miners and thought releasing them makes sense more than people sentenced for petty theft like stealing tubers of yam. They are saying they interviewed 70 drug dealers/drug mules, and they thought it wise to let them enjoy the good grace of a president that had over $400k linked to drug trade seized from him by the government of United States.

See they are not reviewing any shiiit, they are just trying trying to cover face from the backlash that followed the release of the ludicrous pardon list. Imagine they claimed they involved CAN, NBA, Supreme council of Islamic affairs, etc in the initial review just to force it down our throat. When they see how people have reacted including their staunch supporters, they are trying to deceive us by claiming an AGF is reviewing what the GCFR has already given 100% approval. ☹️

God bless you for always being objective and speaking the truth

LordAdam16:
Yesterday he said Hamas eradicated two evil gangs.
Today, he is typing this because they are looking for pretext to break the ceasefire and resume the genocide.

He cannot be shilling for "evil gangs".
Gaza is not Syria where he will be shilling for a "reformed" terrorist.

Today, Israeli media reported that Hamas did not just execute Israeli-backed militants, they also seized the weapons and money that Israel had given to the militias.
And like clockwork they are trying to threaten Hamas to stop going after their agents.
Let them boil stone.

President Abbas personally intervened on the traitors' behalf and Hamas has offered a general amnesty.
Whoever surrenders will not be executed. Many have taken up that offer.
Those who refuse will get their just comeuppance.
Fiat justitia, ruat caelum!

Lastly, Israel has killed at least two dozen Palestinian civilians since the ceasefire was announced.
They just killed a 20 year old this evening in the West Bank. No October 7 in the West Bank.
Ask your blood-sucking master to stop killing Palestinians!
Not when the Resistance says enough is enough, we will start hearing stories.

-Lord

airmark:
It's only wicked souls like you that will defend a Kanu that wanted policemen killed and government/private properties burnt down.

See how intelligent you are? Please note that I used the word intelligent to avoid being banned by the actual word I intend to use.

By the way, Sowore is not my principal.

izzou:
[color=royalblue]What about the people who have died nko?

That one no matter?

I no blame Kanu one bit. Na Buhari I blame, and anything that comes out of this situation should be attributed to Buhari.[/color]

It's the hypocrisy and the partiality of the FG in dealing with the case that has made it look sentimental.

Igboho for example, is not different from Kanu. So why is he not in DSS custody?

Buhari gave Kanu's agitation life by going after him because he was called Jubrin. Had he been ignored it would have not gotten to the level it is. This is coupled with the FG used of military force to intimidated Igbos. Recall python dance etc. People were being killed by bandits suspected to be from the north/herdsmen and FG turned a blind eye.

Ellexy:

If there are Palestinians collecting money from Israeli government to resist Hamas, then any none Palestinian like LordAdam16 must really look stupid

Bimmarlykay:
What about them repentant terrorist?

Na Amoto94 you gats ask dawan ooo but has Atiku,also a presidential aspirant fronted for repentant terrorists or Tinubu openly for igboho

Why argue with an APC supporter on APC/Tinubu policies when you can simply wait....

No be that party again,can anything good(pro masses policies) come from them...

Party wey like see and put people in perpetual penury so they can be a tool for their election victories

Ellexy:

Palestinian-on-Palestinian crime no concern the nairaland Palestine contingent, You no see how dem dey type verbose paragraph to justify people being rounded up and executed summarily?

Na when they deal with the Jihadists in the language they understand, then you will see them carry Merriam-Webster dictionary begin define genocide, war crime, and all those words that don't apply to Palestine but must apply to Israel or any other person dealing with their murderous asses

GloriousGbola:
He must think we are like his darling Peter obi who speaks for MNK.

And he is not ashamed of himself.

Spy360:
It's the hypocrisy and the partiality of the FG in dealing with the case that has made it look sentimental.

Igboho for example, is not different from Kanu. So why is he not in DSS custody?

Buhari gave Kanu's agitation life by going after him because he was called Jubrin. Had he been ignored it would have not gotten to the level it is. This is coupled with the FG used of military force to intimidated Igbos. Recall python dance etc. People were being killed by bandits suspected to be from the north/herdsmen and FG turned a blind eye.

[color=royalblue]We can classify Kanu and Igboho in one group, and still classify Kanu and Turji in another group. Two truths.

Let's not forget how people were killed by IPOB. Let us not forget the hate speech this guy was dishing out through his radio.

You want to release him because Igboho is free? Okay. So what do we do about those killed by IPOB?
[/color]

Shegzdave
Na this kind AG album I they talk, you are already spoil with different tracks unlike that Asake album I struggle to pick 4 sweet melodies

airmark:
I thank God my wife travelled to the east and returned safely at huge extra cost, because of insecurity in the region.

Some sane Igbos are still truthful and responsible to call a spade Its name. The bigot is not fit to be presiding over Nigeria.

Ohhh well, I thought all Igbos(your wife inclusive) and all obidients are ipobs

Where is same outrage from you as Tinubu pardoned and released criminals like Kanu to the streets in time for 2027 elections, none but more focused on an ordinary citizen's opinion....clown

iamoyindamola:
How this proposed new paye different from the current one?
Because everything you listed is on the current one, I did an analysis on that sometime


https://www.nairaland.com/8016331/tax-experts-how-much-he#128707904

The two new changes in the PAYE is the abolishment of CRA while introducing rent relief and the first 800k tax free.

Under the new tax law, with 150k as salary, depending on how much the person is paying as rent, his tax responsibilities will be lower going forward.

Segedinho:
This is why the Larride's eulogy makes no sense..
He knows Nigeria's elite and has refused to embraced history.


It is strange but understandable sha

Maybe you should sit down and read BlueRay post again, it is about implementation which is a different argument entirely.

If your position is that the new tax law cannot or will not be implemented correctly, that's a valid argument to be made

It is different from what you guys were doing before.

larride:
The two new changes in the PAYE is the abolishment of CRA while introducing rent relief and the first 800k tax free.

Under the new tax law, with 150k as salary, depending on how much the person is paying as rent, his tax responsibilities will be lower going forward.

Fair enough
So what happen to NHF because it's part of allowance relief (voluntary)
Moreover we have statutory relief BHT
Every company expects employees to use housing for rent or accommodation

Segedinho:
Man no dey carry change na ...bros


This is not about the tax being explained...the argument or rather d screenshot d other guy brought was all about baba being against a new tax..warning it will cripple d economy but today there has been a 100% turn around irrespective of what your formula depict..

Mind you...every average biz man that uses fintech banks pays up 200 (about 70k per annum)as transfer tax daily [transfer of more than 10k]

I have not seen any explanation on d proposed formula except from ur end.....anything explanation from an APC chieftain/supporter is taken with a pinch of salt cox they always comes out as false or half truth....history has been consistent.


Back to u...u v been missing for almost 600yrs despite being always available on d other thread...all of a sudden ur re-availability is a gospel song polishing or explanation on why d forthcoming tax is worth applauding.

TemporaryHansel actually was trying to cross Ts

Lol. Bros again I am not surprised one bit this is coming from you. I know you don't understand the tax law and you just blindly support whatever you see your side supporting even if it doesn't make any sense.

I still maintain that there were zero contractions between those Mr Taiwo tweets Nd what he did in the tax laws.

I do come here frequently, I just don't post.

For the record, I studied Accounting in school even though I'm not currently practicing as an Accountant. I know a bit about tax and I can contribute to the discussion.

You are a grown ass man, it's better you skip a discussion you have no idea about than trying to jump into every argument even when you are ignorant about it.

Everything you see is APC/PDP/LP. I'm sorry you can't see beyond that but you and your ilks won't tell me when yo post or what to post about.

[color=royalblue]Dangote promised us all 820 naira/Litre fuel, because he was delivering it free. He even added a little bit of NUPENG dragging, as the icing on the cake.

Today, na 920 we dey buy for Lagos....Baba no design flyer to inform us.

It's alright. God is alive[/color]

Spy360:
If there are Palestinians collecting money from Israeli government to resist Hamas, then any none Palestinian like LordAdam16 must really look stupid

How many pieces of silver did they give Judas to betray Jesus?

Once e reach Palestine matter una go just suspend una brain.

There are Iranians betraying Iran for Israel.
There are Israelis betraying Israel for Iran.
If you find it hard to contemplate why there'll always be Judases, I'm surprised you don't need an instruction manual to wipe your a$$.

-Lord

iamoyindamola:
Fair enough
So what happen to NHF because it's part of allowance relief (voluntary)
Moreover we have statutory relief BHT
Every company expects employees to use housing for rent or accommodation

It is only the CRA that was abolished, ever other relief is still intact including NHF, NHIS, Pension n co.

Spy360:
It's the hypocrisy and the partiality of the FG in dealing with the case that has made it look sentimental.

Igboho for example, is not different from Kanu. So why is he not in DSS custody?

Buhari gave Kanu's agitation life by going after him because he was called Jubrin. Had he been ignored it would have not gotten to the level it is. This is coupled with the FG used of military force to intimidated Igbos. Recall python dance etc. People were being killed by bandits suspected to be from the north/herdsmen and FG turned a blind eye.

Lmao,spy don't do this...There is a big difference,what has his agitations got to do with Lagos and the surrounding regions around the South East....

larride:
It is only the CRA that was abolished, ever other relief is still intact including NHF, NHIS, Pension n co.

On the long run I don't think this is the way
If the government really want to help they should review the pension scheme to 5% employees and 20% employers
Some people will work for donkey years only to retire to meet peanuts
Anyway make them they do shebi na wetin they see for paper they will tax people

larride:
Lol. Bros again I am not surprised one bit this is coming from you. I know you don't understand the tax law and you just blindly support whatever you see your side supporting even if it doesn't make any sense.

I still maintain that there were zero contractions between those Mr Taiwo tweets Nd what he did in the tax laws.

I do come here frequently, I just don't post.

For the record, I studied Accounting in school even though I'm not currently practicing as an Accountant. I know a bit about tax and I can contribute to the discussion.

You are a grown ass man, it's better you skip a discussion you have no idea about than trying to jump into every argument even when you are ignorant about it.

Everything you see is APC/PDP/LP. I'm sorry you can't see beyond that but you and your ilks won't tell me when yo post or what to post about.

Baba...i don't have any probs with whatever Tinubu and his men dishes out...neither do I have to sit to study whatever policies they pushes forward.

I don't ascribe any politics to anything neither do I belong to herd mentality but history and d person in charge have shown who he really is

There hasn't been any tangible result from the inflow of cash.

I think u deliberately skipped the fintech 10k transfer tax for reasons known to u.

How do you introduce a next tax system when the masses are almost dead......I believe u know that u pay tax in almost everything u do in this country,yet no result whatsoever..

The argument was clear bw u n d other guy...why d turn around

Anyway........na una sabi...anyhow anyhow we go dey alright

BlueRayDick:
Palestinian-on-Palestinian crime no concern the nairaland Palestine contingent, You no see how dem dey type verbose paragraph to justify people being rounded up and executed summarily?

Na when they deal with the Jihadists in the language they understand, then you will see them carry Merriam-Webster dictionary begin define genocide, war crime, and all those words that don't apply to Palestine but must apply to Israel or any other person dealing with their murderous asses

When you are done wailing, Satanyahu still has an international arrest warrant.
The UN still called Israel's actions in Gaza genocide.
Hamas will continue to eliminate Israeli agents in Gaza.

The Resistance returned the body of a Palestinian militant who joined an Israeli unit in a raid to Israel during the prisoner exchange.
If you are a Palestinian and you collected weapons and money to kill Palestinians on behalf of Israel in the middle of a genocide and you were unable to return to your masters, you will receive your judgement on Planet Earth.

Your agenda is DOA.

-Lord