No Tax If You Are Earning Below ₦800k Annually - Politics (4)

No Tax If You Are Earning Below ₦800k Annually - Politics (4) - Nairaland

Nairaland Forum › Nairaland General › Politics › No Tax If You Are Earning Below ₦800k Annually (14446 Views)

Re: No Tax If You Are Earning Below ₦800k Annually by DMCA: 11:05am On Jan 02

SisterAnn, good morning my darling kiss

Re: No Tax If You Are Earning Below ₦800k Annually by 300wayne: 11:06am On Jan 02

DoTheNeedful:
You are just being overly critical. A minimum wage earner earns 840,000 in a year. Based on the new tax law, the 40,000 on top of the 800,000 is taxed at 15%, which means that a minimum wage earner pay 6,000 naira per year (500 per month) in tax. A minimum wage earner pays more than this in the old tax regime.

Many of you that criticize do so either maliciously or due to ignorance.

Our tax collection rate in Nigeria is one of the poorest even in Africa. The understanding of tax by Nigerians terrible. Many of you need to get it into your heads that tax payment is vital for any society to thrive.

And what do the citizens / tax payers get in return?
Stable electricity
Good roads
Quality health care system (which btw has stopped our leaders from going abroad)
Stable economy
We have also over the years seen accountability and transparency in the manner and way loans and taxes are being collected and utilized.

3 Likes

Re: No Tax If You Are Earning Below ₦800k Annually by OmoOshodi(m): 11:06am On Jan 02*

My own is those data boys on social media.... defending all this crime against humanity called rulling.....they will be taxed as well....

Okan gbogbo yin o ni bale

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Re: No Tax If You Are Earning Below ₦800k Annually by SixSeven: 11:07am On Jan 02

Aba Women's Riot of 1929: A Turning Point

https://www.youtube.com/watch?v=ddDdh1sxztw

The Aba Women’s Riot of 1929 happened mainly because of unfair taxes and the extension of colonial authority over women. The British tried to impose direct taxes and give warrant chiefs more control, but market women in Aba protested since they had no voice in government decisions. Tens of thousands of women joined strikes and demonstrations, even attacking colonial offices, to resist being taxed and controlled unfairly. The revolt forced the British to rethink taxation and local administration, making it a turning point in Nigeria’s colonial history and showing the strength of women’s collective action.

The people are very comfortable with corruption. In the UK and US, politicians who raise taxes can lose elections because voters hold them accountable, but in Nigeria, taxes are 🇳🇬

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Re: No Tax If You Are Earning Below ₦800k Annually by Nigerianlion(m): 11:09am On Jan 02

The new rule does exempt annual incomes ≤ ₦800k from personal income tax, but that threshold (≈ ₦67k/month) still leaves many workers on the edge. Above that, a progressive tax applies only to income beyond ₦800k, not your whole salary. Facts help clarity.

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Re: No Tax If You Are Earning Below ₦800k Annually by chidooh1: 11:09am On Jan 02

APC government full of liers, they have started explaining and defending the tax system from wicked and heartless regime of Tinubu. When the lmplementation starts you see a different thing entirely. 2027 even Satan himself will join hand to remove Tinubu.

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Re: No Tax If You Are Earning Below ₦800k Annually by andy1(m): 11:10am On Jan 02

helinues:
Your last paragraph,That's a very good question.

Those who have been fuming about the new tax law, how many of them are earning above N800k

did i hear you say, how many pple earn above 800k?.....omo make i no laff o...hope you know a 100k for 12 months is 1.2m

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Re: No Tax If You Are Earning Below ₦800k Annually by occfx: 11:11am On Jan 02

helinues:
There have been so many misleading information about the new tax law.

If you are earning below N800k, you won't be taxed and if your earnings fall above N1m which is the first tax rate formula, N800k from your N1m is tax free, the charges on the tax will be on the extra N200k

https://www.youtube.com/watch?v=Lk9knTzLgaM?si=b-3_wsnMVYZPicqP
Individuals Earning Below N800k Annually to be Tax-Exempt - Benson

No tax if you are earning below 66k per month. Anything above 67k you will pay.

In other words, we can only allow you if you cannot buy one bag of rice but anyone who can buy one bag of rice must pay tax.

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Re: No Tax If You Are Earning Below ₦800k Annually by SouthSouth1914: 11:13am On Jan 02

What metrics are they using to measure your earnings? Funny government

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Re: No Tax If You Are Earning Below ₦800k Annually by reciprokal: 11:16am On Jan 02

helinues:
There have been so many misleading information about the new tax law.

If you are earning below N800k, you won't be taxed and if your earnings fall above N1m which is the first tax rate formula, N800k from your N1m is tax free, the charges on the tax will be on the extra N200k

https://www.youtube.com/watch?v=Lk9knTzLgaM?si=b-3_wsnMVYZPicqP
Individuals Earning Below N800k Annually to be Tax-Exempt - Benson

countries do not prosper by taxes.

But the Nigeria government has lost all moral authority to impose tax on anyone or anybody.

Tinubu should explain fuel subsidy removal and where the trillions went to

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Re: No Tax If You Are Earning Below ₦800k Annually by osazsky(m): 11:18am On Jan 02

helinues:
Your last paragraph,That's a very good question.

Those who have been fuming about the new tax law, how many of them are earning above N800k

per anum o not monthly

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Re: No Tax If You Are Earning Below ₦800k Annually by Amarachieze(m): 11:18am On Jan 02

Removal of fuel subsidy is enough tax. Tinubu is a taskmaster.
Nigerians should unite and chase away the tax master by 2027

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Re: No Tax If You Are Earning Below ₦800k Annually by AlphaTaikun: 11:18am On Jan 02

helinues:
There have been so many misleading information about the new tax law.

If you are earning below N800k, you won't be taxed and if your earnings fall above N1m which is the first tax rate formula, N800k from your N1m is tax free, the charges on the tax will be on the extra N200k

https://www.youtube.com/watch?v=Lk9knTzLgaM?si=b-3_wsnMVYZPicqP
Individuals Earning Below N800k Annually to be Tax-Exempt - Benson

This is very TRUE.

In several podcasts and interviews, Taiwo Oyedele, the brilliant head of the Presidential Tax Reforms CLEARLY stated this same fact that if you are earning less than N100,000 monthly, you will NOT be taxed based on PAYE. Taiwo Oyedele said this means that about 90% of Nigerians will NOT pay PAYE. ALSO VAT has been totally removed on medication, some food items, VAT removed on baking items for bread making and he said the price of bread will start dropping from January 1, 2026. There is NO tax increase and multiple TAXES have been cut off! Price monitoring MUST ALSO be introduced BECAUSE some Nigerians are notorious for NOT bringing down the cost of food items and commodities but will quickly increase the price of food items when any little increase in petrol is made.

Yet, we have seen highly IRRESPONSIBLE people working for those opposition parties such as some Obi supporters in Nigeria spreading massive disinformation online and offline claiming that tax has been increased which is FALSE.

The Federal and State governments in Nigeria too are very responsible for allowing disinformation and fake news instead of launching punitive actions against the spread of FAKE news being spread deliberately due to hatred. To me, this is the BEST ever tax policy ever implemented in Nigerian history.

Some people are trying to sabotage the current Nigerian government yet the man who is the current President of Nigeria likes to annoying play the role of a Mr. Nice guy! These FAKE news can destroy his Goverment if NOT checkmated urgently by punishing those spreading the fake stories under the recently signed 2025 Cyber Crimes Act. I don't know what his so-called supporters who are online and offline are doing... They are NOT telling him to take action about these highly IRRESPONSIBLE fake news circulating online.

Re: No Tax If You Are Earning Below ₦800k Annually by lakefist(m): 11:19am On Jan 02

helinues:
Per annum or over gagatum, are you going to be taxed for the first N800k?

Wondering why some of you just like to rant instead of discussing

Where did you even get all what you wrote above from? This thread was created to enlighten people like you who are being deliberately mischievous

They don't even know what they are spewing but boastful displaying their ignorance in public forum.

Thanks for enlightening them.

Re: No Tax If You Are Earning Below ₦800k Annually by FutureFocus: 11:22am On Jan 02

advanceDNA:
Sir.... stop misrepresenting facts ....
The 800k is per annum...which is just around 66k per month....
Minimum wage is 70k....even cleaner struggling to survive is not tax exempt....

Grandma tha the son sends 80k that's no longer enough in the economy is not even tax exempt

After destroying the economy and purchasing power of the naira ...APC led govt should know that classifying tax exempt at 66k per month is a deceptive assessment to make sure no one is technically tax exempt....

Don’t mind them , how much is $1,000?
You pay tax if you earn $800 Annually in Nigeria, money that can not even rent house in downtown Lagos

1USD is N1,400 and they said they are copying international standards, no housing , no power, no security

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Re: No Tax If You Are Earning Below ₦800k Annually by manuelkel(m): 11:24am On Jan 02

Ewedegubbler:
800k is 550$

Damm. That’s even less than my domestic worker’s monthly allowance

There indeed was a country

Make them do giveaway grin

for home boys.
Wallet ID actively active cool

Re: No Tax If You Are Earning Below ₦800k Annually by sampsonub100: 11:24am On Jan 02

DoTheNeedful:
You are just being overly critical. A minimum wage earner earns 840,000 in a year. Based on the new tax law, the 40,000 on top of the 800,000 is taxed at 15%, which means that a minimum wage earner pay 6,000 naira per year (500 per month) in tax. A minimum wage earner pays more than this in the old tax regime.

Many of you that criticize do so either maliciously or due to ignorance.

Our tax collection rate in Nigeria is one of the poorest even in Africa. The understanding of tax by Nigerians terrible. Many of you need to get it into your heads that tax payment is vital for any society to thrive.

The reason why people are skeptical about this tax thing is because the people don't trust the government of the day to utilise the revenue that will accrue from the taxation, and you can't say that our suspicion is misplaced.
This I think is the real issue.

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Re: No Tax If You Are Earning Below ₦800k Annually by tefund(m): 11:24am On Jan 02

Sapiosexuality:
The tax laws are not enforceable. They don't have the manpower or resources to enforce it. What will you do if 50 million Nigerians refuse to file a tax return? Will you sue all of them? Will you freeze their accounts and create issues in the banking halls?

They can't do much.

Exactly,that is why am not bothered about the noise,even countries with a strong database still struggle with tax collection ,not to talk of here.Then the manpower, they need to have over 1m personnel in their payroll to make a meaningful headway.Add corruption,religion and you have the conclusion.Dead on arrival.

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Re: No Tax If You Are Earning Below ₦800k Annually by emmy512(m): 11:24am On Jan 02

advanceDNA:
Sir.... stop misrepresenting facts ....
The 800k is per annum...which is just around 66k per month....
Minimum wage is 70k....even cleaner struggling to survive is not tax exempt....

Grandma tha the son sends 80k that's no longer enough in the economy is not even tax exempt

After destroying the economy and purchasing power of the naira ...APC led govt should know that classifying tax exempt at 66k per month is a deceptive assessment to make sure no one is technically tax exempt....

In as much as I don't really like some of his takes.

Helinues is right.

Re: No Tax If You Are Earning Below ₦800k Annually by fobiflex(m): 11:25am On Jan 02

So helinues please enlighten me, me earning ordinary 120k per month which is not even enough to carter for my needs monthly, with zero govt incentives will be taxed.
The way you people defend rubbish really amaze me fr, any small thing you would want to compare Nigeria with other states forgetting that there are many incentives and palliatives the govt provide for their people over there.
How many people in Nigeria are earning below 800k per annum cuz even minimum way is 70k which is 840k per annum, so who really are they tax exempt ?

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Re: No Tax If You Are Earning Below ₦800k Annually by tesseract: 11:25am On Jan 02

These data boys like the OP, filled the social media space deceiving people about the benefits that come with the removal of subsidy. It turned out to be a major fraud funnel.

Now they have come with this one, and when the reality starts hitting hard, they'll be nowhere to be found all because of 30k a month. Shameless buffoons

To put things in perspective, 100k a month can hardly cater to a family of 4 in the present Nigeria, but they are taking a whole 15% off it as tax. To make matters worse, this money will be squandered in funding the lavish lifestyle of this thieving government, no single improvement in the standard of living of Nigerians.

Nigerians pay for their own electricity, water, healthcare, security, education and even waste disposal. Absolutely benefiting nothing from the government, instead the FG is now looking to deep their hands into people's accounts. Nigeria is a crime scene
Good luck to Nigeria

2 Likes

Re: No Tax If You Are Earning Below ₦800k Annually by hope4nigeria(m): 11:27am On Jan 02

helinues:
There have been so many misleading information about the new tax law.

If you are earning below N800k, you won't be taxed and if your earnings fall above N1m which is the first tax rate formula, N800k from your N1m is tax free, the charges on the tax will be on the extra N200k

https://www.youtube.com/watch?v=Lk9knTzLgaM?si=b-3_wsnMVYZPicqP
Individuals Earning Below N800k Annually to be Tax-Exempt - Benson

what you don't understand that #800k has no value, break #800k down to daily that's #2,200, you will understand that those picking dirt on the ground will earn more than #800k annually, which means government will collect tax even from the poorest person no matter what. Tinubu is a scammer

2 Likes

Re: No Tax If You Are Earning Below ₦800k Annually by bixton(m): 11:28am On Jan 02*

[quote author=DoTheNeedful post=137987463]You are just being overly critical. A minimum wage earner earns 840,000 in a year. Based on the new tax law, the 40,000 on top of the 800,000 is taxed at 15%, which means that a minimum wage earner pay 6,000 naira per year (500 per month) in tax. A minimum wage earner pays more than this in the old tax regime.

Many of you that criticize do so either maliciously or due to ignorance.

Our tax collection rate in Nigeria is one of the poorest even in Africa. The understanding of tax by Nigerians terrible. Many of you need to get it into your heads that tax payment is vital for any society to thrive.

[/quote

Many of you who think you're trying to enlighten people supporting the PBAT administration are only mischievous by 99%.

Now, those countries you claim have higher tax compared to Nigeria with a low poor tax, do they suffer from no electricity supply to their household buildings and business premises, do they provide portable drinking water for themselves by themselves, do they contribute money to repair damaged NEPA poles and transformers, do they provide private security in their neighborhood for themselves by themselves, do they construct and maintain drivable roads by themselves for themselves and lastly how much is their acceptable living wage earning annually for the least paid duly legal worker ?

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Re: No Tax If You Are Earning Below ₦800k Annually by elbulk(m): 11:29am On Jan 02

helinues:
Your last paragraph,That's a very good question.

Those who have been fuming about the new tax law, how many of them are earning above N800k

800k/ year not month. If the new minimum wage is 70,000, then no one should earn below 800k/year. The hypocrisy here stinks

1 Like

Re: No Tax If You Are Earning Below ₦800k Annually by emmy512(m): 11:31am On Jan 02

300wayne:
And what do the citizens / tax payers get in return?
Stable electricity
Good roads
Quality health care system (which btw has stopped our leaders from going abroad)
Stable economy
We have also over the years seen accountability and transparency in the manner and way loans and taxes are being collected and utilized.

How about we wait and see?

Re: No Tax If You Are Earning Below ₦800k Annually by Fiscus105(m): 11:31am On Jan 02

OmoOshodi:
My own is those data boys on social media.... defending all this crime against humanity called rulling.....they will be taxed as well....

Ikan gbogbo yin o ni bale

Hope you know you are not different from data boys as well.

Why the data boys always praise singing the govt, you are eternally attacking the govt.

A RATIONAL HUMAN BEING WILL SAY IT THE WAY ITS AT ALL TIME.(Critical and commend when they do wrong and right)

THE POSTER OF THIS ARTICLE, IS TALKING ABOUT THE CATEGORIES OF THOSE WHO WILL PAY AND EXEMPTED,SO, HOW HAS HE PRAISING GOVT IN HIS ARTICLE?

Meanwhile, is even good for data boys, because they are taken stipends to do their assignments and not bittered about it, for your case, you are just punishing yourself all days and nights from bitterness.

Re: No Tax If You Are Earning Below ₦800k Annually by Dyfynezz12(m): 11:32am On Jan 02

helinues:
Your last paragraph,That's a very good question.

Those who have been fuming about the new tax law, how many of them are earning above N800k

Oga rest,ur table clearly shows% per annum,which shows the 800k is per year.
So why re u asking how many Nigerians earn 800k per year which is like 70k per month

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Re: No Tax If You Are Earning Below ₦800k Annually by NOETHNICITY(m): 11:34am On Jan 02

stokfrick:
Is that money, 70k even enough for a normal human being per month to live a life of even management, not to talk of taxing it.
A lot of you here supporting this tax shitt have no conscience left

The thread is not about whether minimum wage is okay or not. Many of us would very gladly rant over the poor minimum wage if a thread is created for that.

But the point of this thread is to simply educate people to know that any person earning 800k would not be affected. And if your earnings is minimum wage standard, only 800k of your annual pay gets the new exemption.

Re: No Tax If You Are Earning Below ₦800k Annually by jaafree: 11:34am On Jan 02

Re: No Tax If You Are Earning Below ₦800k Annually by RealityKings1: 11:34am On Jan 02

DoTheNeedful:
How am I misleading anyone? We all know that people earning 800,000 and below will not pay tax. The calculation is for people earning 840,000.

Under the previous tax law people like you are fighting to keep, people earning 400,000 per annum pay taxes. People earning 840,000 pay even far more than 6,000 they would pay in the new tax regime.

The problem with some of you is that you are ignorant of both the old and new tax laws. You are opposing the new one out of malice, ignorance and/or partisanship.

They will most definitely pay indirectly if not directly. Some Businesses make above 100k per month, they will increase the cost of their services and whatever they sell in order to push the effect of the tax on to their buyers.
Its simple economics

2 Likes

Re: No Tax If You Are Earning Below ₦800k Annually by tefund(m): 11:35am On Jan 02

oyeb15:
Does this crazy regime think that every money that enter your account is your money.

Most of the funds that enters my account is my Oga money meant for his children upkeep.

They have no brain. countries with high tax compliances have citizens who willing embrace the idea because they see the benefits in it.You can't have many Yaya bellows, wikes,Amaechi roaming free and you expect struggling citizens happily parting away with their sweet so that theses groups can have a lot more to loot.Kind of robbing Peter to pay Paul.

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