₦airaland Forum

Bat is all smoke and mirrors.

He gives with his right hand and takes with his left hand, teeth and hands of his cronies.

His vuvuzelas are making it seem as if PIT exemption is some new wonder policy. But the reality is that exemptions to PIT had always existed for low income earners. And tax rates were as low as 7% and maxed out at 24%.

But now, tax rates start at 15% and max out at 25%. So how is this helping the poor? Whichever way you cut it, taxes have increased and value for money drastically reduced. In fact, taxes have doubled for supposedly high low to mid income earners because they paid 7% before, but now pay 15%. So what was supposedly gained by exempting the first 800k is removed by doubling tax on the amount above 800k. In fact, those who were at the extreme end, the very rich and high income earners to which bat and his cronies belong, experienced only a 1% increase, from the old rate of 24% to 25%, while the real low income earners experienced a 110% increase in taxes... so who is f××ling who?

But the issue is not even entirely about tax increases, it is about the threshold for tax exemptions and tax rates.

For a government that claims it wants to help the poor, it should know that by virtue of its economic misadventures and incompetence, a person earning N3.6m p.a in Nigeria today is for all intents and purposes, poor. And that N3.6m p.a. is what mid to senior level public servants earn before deductions. These are people with massive responsibilities and often over 10-15 years in service.

In fact, a person earning N500k p.a and paying PIT of 7% pre-APC is better off than a person earning N800k p.a. today without PIT.

So, if bat was sincere about this tax policy, the exemptions should have started from around N2m and the low end of the tax rates should be retained at 7%.

After paying all these tax and we still suffer erratic power supply, drive on bad roads, rely on unreliable Healthcare and consume poison for food. God help us.

creativejagaban:
I laugh in Nnamdi Kanu's voice: You don't know the law

Tinubu till 2031.

Try they observe Jagaban of now disgraced country when President Donald Trump coughs.

creativejagaban:
In terms of lies, obi of lamba country get first class

He said the day he leaves APGA he will die. We are still waiting.

He also said he will never leave LP, the lamba is now in ADC with structure of criminalities

Tinubu till 2031.

This is how to know the two of you are not very okay and sound. He’s supporting his Obi and his sentiments are obviously tied to him while you are supporting Jagaban and that’s what’s eroding your reasoning. Now tell me, how’s this country getting better anytime soon when everyone is being controlled by tribal and political affiliations and sentiments? Most of those condemning this tax regime are oppositions of the government of the day while those supporting it are those supporting the government or his tribesmen.
Again and I will always maintain that you can’t grow a country by taxing poverty! Nigeria shouldn’t be taxing her citizens until some mechanism are put in place. If we must emulate the west, we must emulate them to the letter. No western country taxes its unemployed citizens without first making sure they are earning Emphasis on “making sure they are earning” and this could be in form of grants, loans, benefits or outright employment.
Now tell me, how’s the Nigerian government making sure the fresh graduate who left school last year and yet to be employed is earning a taxable income today? Do they even care if you are employed or not? But they do care to collect taxes from you not minding how you are making the incomes (if it’s from bet9ja, scamming or petty trades)
Taiwo Oyedele, the person now appointed by Jagaban to chair the Presidential committee, once condemned the taxation of bread by the former governor of Kogi state, Bello. He was cited saying “you (Govt) don’t get rich by taxing poverty but today, goalpost has changed since he’s now about to be benefiting from the taxation of poverty! This is an average Nigerian for you🤣.
Before you respond to me, I’m not your regular Obidient or Batist bot. So, please, common sense should prevail. I’m not saying all what I’ve said out of support for any politician (be you Obi or Tinubu).
The threshold for the exemption is too low and the minimum percentage of 15% too high! This is particularly concerning because this country is doing nothing to ensure everyone is earning an income. In sane countries, everyone is expected to want to pay taxes because everyone is earning (including those that are not employed) Yes, you heard that right, they are entitled to monthly grants and benefits from the GOVERNMENT (which are then taxed or not)
TELL ME, WHY WOULD YOU NOT WANT TO PAY YOUR TAXES IN SUCH A SOCIETY WHERE THINGS WORK? —a society where you enjoy health insurance, fast and swift fire and other emergency services such as the 911, good roads and electricity.
In fact I once said that the Nigerian government should be the ones paying we motorist damages taxes. I can’t start calculating the amounts I’ve spent on repairs on damages I sustained from the Nigerian bad roads.
Why would I not want to pay taxes in a country where if I find myself in an emergency, I would get help from the authorities and they would be at my doorstep in minutes? Why would I not want to pay taxes to a country that makes you earn if you’re employed or not even unemployable? What would be your excuse to want to evade paying taxes in those sane countries? What social benefits are you enjoying as a Nigeria (be sincere and don’t lie to yourself)

I respect Jagaban a lot but what mechanism has Baba and Nigeria put in place to cater for those who are earning income but not through employment? What are the social benefits specifically reserved for the unemployed people and those not employable that makes you think you can tax them?
I’m pro-Tinubu but let’s not always allow politics to erode our sensibilities. The person I support can’t always be right and this is why I’m not an Obidient. We should call them to Order anytime they are erring. You are doing exactly like the Obidients because they believe their messiah can’t do no wrong. We can do better as a ppl.
Attached is Mr Taiwo’s position and outburst on the taxation of the poor in 2020 but 5 years down the line and after having been employed by the government he once condemned, he’s now championing the campaign to tax poverty, that’s a typical Nigerian for you, we condemn it only when we aren’t benefiting from it🤣!
The obidients condemning this today would happpily support same tomorrow just like you are doing today If their messiah is the one bringing up this anti-people’s policy. This is the sorry state of Nigeria and her politics.

MrBadNews:
Try they observe Jagaban of now disgraced country when President Donald Trump coughs.

Tinubu's till 2031.

Nnamdi Kanu for life in prison.

creativejagaban:
Tinubu's till 2031.

Nnamdi Kanu for life in prison.

At the mention of Trump, Tunubu head dey scatter

UrVillageChief:
This is how to know the two of you are not very okay and sound. He’s supporting his Obi and his sentiments are obviously tied to him while you are supporting Jagaban and that’s what’s eroding your reasoning. Now tell me, how’s this country getting better anytime soon when everyone is being controlled by tribal and political affiliations and sentiments? Most of those condemning this tax regime are oppositions of the government of the day while those supporting it are those supporting the government or his tribesmen.
Again and I will always maintain that you can’t grow a country by taxing poverty! Nigeria shouldn’t be taxing her citizens until some mechanism are put in place. If we must emulate the west, we must emulate them to the letter. No western country taxes its unemployed citizens without first making sure they are earning Emphasis on “making sure they are earning” and this could be in form of grants, loans, benefits or outright employment.
Now tell me, how’s the Nigerian government making sure the fresh graduate who left school last year and yet to be employed is earning a taxable income today? Do they even care if you are employed or not? But they do care to collect taxes from you not minding how you are making the incomes (if it’s from bet9ja, scamming or petty trades)
Taiwo Oyedele, the person now appointed by Jagaban to chair the Presidential committee, once condemned the taxation of bread by the former governor of Kogi state, Bello. He was cited saying “you (Govt) don’t get rich by taxing poverty but today, goalpost has changed since he’s now about to be benefiting from the taxation of poverty! This is an average Nigerian for you🤣.
Before you respond to me, I’m not your regular Obidient or Batist bot. So, please, common sense should prevail. I’m not saying all what I’ve said out of support for any politician (be you Obi or Tinubu).
The threshold for the exemption is too low and the minimum percentage of 15% too high! This is particularly concerning because this country is doing nothing to ensure everyone is earning an income. In sane countries, everyone is expected to want to pay taxes because everyone is earning (including those that are not employed) Yes, you heard that right, they are entitled to monthly grants and benefits from the GOVERNMENT (which are then taxed or not)
TELL ME, WHY WOULD YOU NOT WANT TO PAY YOUR TAXES IN SUCH A SOCIETY WHERE THINGS WORK? —a society where you enjoy health insurance, fast and swift fire and other emergency services such as the 911, good roads and electricity.
In fact I once said that the Nigerian government should be the ones paying we motorist damages taxes. I can’t start calculating the amounts I’ve spent on repairs on damages I sustained from the Nigerian bad roads.
Why would I not want to pay taxes in a country where if I find myself in an emergency, I would get help from the authorities and they would be at my doorstep in minutes? Why would I not want to pay taxes to a country that makes you earn if you’re employed or not even unemployable? What would be your excuse to want to evade paying taxes in those sane countries? What social benefits are you enjoying as a Nigeria (be sincere and don’t lie to yourself)

I respect Jagaban a lot but what mechanism has Baba and Nigeria put in place to cater for those who are earning income but not through employment? What are the social benefits specifically reserved for the unemployed people and those not employable that makes you think you can tax them?
I’m pro-Tinubu but let’s not always allow politics to erode our sensibilities. The person I support can’t always be right and this is why I’m not an Obidient. We should call them to Order anytime they are erring. You are doing exactly like the Obidients because they believe their messiah can’t do no wrong. We can do better as a ppl.
Attached is Mr Taiwo’s position and outburst on the taxation of the poor in 2020 but 5 years down the line and after having been employed by the government he once condemned, he’s now championing the campaign to tax poverty, that’s a typical Nigerian for you, we condemn it only when we aren’t benefiting from it🤣!
The obidients condemning this today would happpily support same tomorrow just like you are doing today If their messiah is the one bringing up this anti-people’s policy. This is the sorry state of Nigeria and her politics.

You have not said anything.

You seem to have the same deformed medula as the MrBadNews.

Tax is not new to Nigeria and the multiple taxations have now been harmonized and the tax regime reformed. What is your fuse about this

One would think you have something sensible to contribute with your long epistle. But alas: na balderdash!

Everyone wants to have opinion on what they don't know.

Who told you poverty is being taxed

You just open mouth dey condemn everything.

Once again, go and read the tax law very well. Don't relie on what very dark man told you

(Nobody earning minimum wage will PAY tax. Get that into your skull).

This is Nigeria not US. We are not spending dollars here.

Nnamdi Kanu for life in prison

Tinubu till 2031.

MrBadNews:
At the mention of Trump, Tunubu head dey scatter

What is this Nanu saying here:

https://www.threads.com/@jodekss/post/DTCkp_iATxS?xmt=AQF0nBgrerZS7Pbi60IRsVSPR2-aUIu4r5RQuUk6JndQTTrvkS8lcfCrUPsjJokHNQUCMacQ&source_surface=35&slof=1

Tinubu till 2031.

creativejagaban:
What is this Nanu saying here:

https://www.threads.com/@jodekss/post/DTCkp_iATxS?xmt=AQF0nBgrerZS7Pbi60IRsVSPR2-aUIu4r5RQuUk6JndQTTrvkS8lcfCrUPsjJokHNQUCMacQ&source_surface=35&slof=1

Tinubu till 2031.

Tunubu is a small fry.

mrvitalis:
I have read the tax law my issue is the tax threshold of 800k which is half of earning UN classify as extreme poverty is too low... What exactly don't you understand

How can you as someone who earns less than 3 dollars a day( poverty lines) to pay tax?

Poverty lines is 1095 dollars per year and you have a tax threshold of 550 dollars

You are asking me to read the tax laws as if what I'm saying is incorrect

You said that minimum wage was to be taxed. You were shown your ignorance. Next goal post.

UrVillageChief:
An unemployed individual shouldn’t have any business paying taxes to even start with. So, that last year tax you are trying to reference shouldn’t be in existence if Nigeria was a working society. The same Taiwo Oyedele who’s now the Chairman of Presidential Committee on Fiscal Policy and Tax Reforms in Nigeria, once condemned the taxation of the poor saying no country can get rich off taxing the poor but today, he’s one of the ppl championing the cause. That’s just an average Nigerian for you😂 We condemn wrongdoings only when we aren’t benefitting from them. His condemnation of the tax regime was in 2020 but today, he’s swiftly switched up.
A poor individual is the one who’s unemployed and doesn’t enjoy any basic rights the government—rights like free healthcare, grants, loans and other social benefits. In civilized and sane societies, the rich are the ones worst-hit by taxation because the concept of taxation is to take from the rich and powerful to care for the masses but in Nigeria, the reverse is the case and in fact, the rich are not even complaining because why should they?
At this rate (15% min), even the poorest Nigerian (those earning the minimum) aren’t even exempted because the total they earn in a year is 840k, meaning that the extra 40k would still be taxed. In sane countries, you have no reasons to not want to pay taxes because the countries’ frameworks are built in such a way that everyone is earning incomes and those not employed are given grants and benefits. Now tell me, what welfare programs and packages have you ever enjoyed from the government? What social benefits are reserved for the poor and unemployed by the Nigerian federal authorities that makes you think it’s normal and cool to still tax the same people you’ve failed to help?
Supporting politicians shouldn’t erode your reasoning and common sense and no, I’m not one of those who support nonsense all in the name of party and tribal politics and affiliations. I support what’s right and condemn what’s not. The Tinubu’s tax regime is ill-timed and the rates and limits are not well-thought-out. Taxation is good and pivotal to the growth of the country but no country gets rich off taxing poverty!

What part of the law says unemployed people should be taxed?
You forgot to explain how a poor individual who’s struggling with life and fighting to give himself a better life is taxed.
You forgot to give a comparison of the old and new to show why we should stay with the old.

Kindly remember this time, my pro-Tinubu friend.

Image123:
What part of the law says unemployed people should be taxed?
You forgot to explain how a poor individual who’s struggling with life and fighting to give himself a better life is taxed.
You forgot to give a comparison of the old and new to show why we should stay with the old.

Kindly remember this time, my pro-Tinubu friend.

Which part of the law says unemployed people are exempted? Let’s start from there.
Which part of the law states that there would be grants and social benefits for the unemployed like it’s done in the countries we are emulating? Please, I’m waiting because those are the major concerns I highlighted.
A fresh graduate who’s earning an income through betting (for instance) is to be taxed according to the newly created income tax laws but there’s no provision and mechanism in place to get him employed or entitled to social benefits, loans or grants at least or if you think he wouldn’t be taxed, kindly share with us the part of the law that says he’s exempted since he’s unemployed. Also share with me the Nigerian laws that make provisions to cater to the needs of unemployed citizens.
Again, this conversation is not your regular Obidients vs Agbado as you commonly call yourselves on this forum, so please trash the old vs new regime nonsense you’re trying to bring up because I’m not here to compare one nonsense with another as both the new and the old shouldn’t be in existence until those said mechanism are put in place, no human society taxes unemployed people without making them entitled to benefits.
No human society thrives on taxing poverty.
Supporting Tinubu shouldn’t turn you into Obi’s hordes of lunatic followers who believe Obi is perfect and can do no wrong. The lunatics that are fond of hurling insults at anyone who dares to question him. That’s not how sane humans should be, we should be able to put sentiments aside and judge things objectively. One of the many Ódés even said Nnamdi Kanu would rot in sokoto prison—ultimately presuming that I was one of his supporters just because I’m faulting a policy created by Tinubu🤣
Now tell me, what’s the difference between you and the Peter Obi’s hordes of delulus?

UrVillageChief:
Which part of the law says unemployed people are exempted? Let’s start from there.
Which part of the law states that there would be grants and social benefits for the unemployed like it’s done in the countries we are emulating? Please, I’m waiting because those are the major concerns I highlighted.
A fresh graduate who’s earning an income through betting (for instance) is to be taxed according to the newly created income tax laws but there’s no provision and mechanism in place to get him employed or entitled to social benefits, loans or grants at least or if you think he wouldn’t be taxed, kindly share with us the part of the law that says he’s exempted since he’s unemployed. Also share with me the Nigerian laws that make provisions to cater to the needs of unemployed citizens.
Again, this conversation is not your regular Obidients vs Agbado as you commonly call yourselves on this forum, so please trash the old vs new regime nonsense you’re trying to bring up because I’m not here to compare one nonsense with another as both the new and the old shouldn’t be in existence until those said mechanism are put in place, no human society taxes unemployed people without making them entitled to benefits.
No human society thrives on taxing poverty.
Supporting Tinubu shouldn’t turn you into Obi’s hordes of lunatic followers who believe Obi is perfect and can do no wrong. The lunatics that are fond of hurling insults at anyone who dares to question him. That’s not how sane humans should be, we should be able to put sentiments aside and judge things objectively. One of the many Ódés even said Nnamdi Kanu would rot in sokoto prison—ultimately presuming that I was one of his supporters just because I’m faulting a policy created by Tinubu🤣
Now tell me, what’s the difference between you and the Peter Obi’s hordes of delulus?

You obviously are on a different wavelength, i have other things to do than babysitting.

Image123:
You obviously are on a different wavelength, i have other things to do than babysitting.

Or let’s just say the goalpost has been shifted🤣

mrvitalis:
Is 800k not less than 600 dollars per year?

It's clearly written on the post, no one pays anything on the first 800k. Deduct 800k from naira equivalent of $600, the balance is what is taxable. If you're not earning up to 23m naira annually, you can't pay more tax under this new reform.
You get to pay 65 naira more monthly if your salary is currently 23m annually after dedicating only pension.
All these noises are unnecessary.

DeOTR:
It's clearly written on the post, no one pays anything on the first 800k. Deduct 800k from naira equivalent of $600, the balance is what is taxable. If you're not earning up to 23m naira annually, you can pay more tax under this new reform.
You get to pay 65 naira more monthly if your salary is currently 23m annually after dedicating only pension.
All these noises are unnecessary.

Maybe you don't know how to read.. I'm saying settings a benchmark of 800k is too poor when poverty line is 1.6 million

What exactly don't u get?

MrBadNews:
Tunubu is a small fry.

I just need the name of this lamba here.
He looks familiar 😂

mrvitalis:
Maybe you don't know how to read.. I'm saying settings a benchmark of 800k is too poor when poverty line is 1.6 million

What exactly don't u get?

You go just kpai on top propaganda.

I wonder what will be your next trade after Tinubu wins the 2027 elections.

You had better go and sort out obi's candidacy in ADC (we know he will settle for VP ).

Please interpret this:

https://www.threads.com/@jodekss/post/DTCkp_iATxS?xmt=AQF0nBgrerZS7Pbi60IRsVSPR2-aUIu4r5RQuUk6JndQTTrvkS8lcfCrUPsjJokHNQUCMacQ&source_surface=35&slof=1

Tinubu till 2031.

UrVillageChief:
Which part of the law says unemployed people are exempted? Let’s start from there.
Which part of the law states that there would be grants and social benefits for the unemployed like it’s done in the countries we are emulating? Please, I’m waiting because those are the major concerns I highlighted.
A fresh graduate who’s earning an income through betting (for instance) is to be taxed according to the newly created income tax laws but there’s no provision and mechanism in place to get him employed or entitled to social benefits, loans or grants at least or if you think he wouldn’t be taxed, kindly share with us the part of the law that says he’s exempted since he’s unemployed. Also share with me the Nigerian laws that make provisions to cater to the needs of unemployed citizens.
Again, this conversation is not your regular Obidients vs Agbado as you commonly call yourselves on this forum, so please trash the old vs new regime nonsense you’re trying to bring up because I’m not here to compare one nonsense with another as both the new and the old shouldn’t be in existence until those said mechanism are put in place, no human society taxes unemployed people without making them entitled to benefits.
No human society thrives on taxing poverty.
Supporting Tinubu shouldn’t turn you into Obi’s hordes of lunatic followers who believe Obi is perfect and can do no wrong. The lunatics that are fond of hurling insults at anyone who dares to question him. That’s not how sane humans should be, we should be able to put sentiments aside and judge things objectively. One of the many Ódés even said Nnamdi Kanu would rot in sokoto prison—ultimately presuming that I was one of his supporters just because I’m faulting a policy created by Tinubu🤣
Now tell me, what’s the difference between you and the Peter Obi’s hordes of delulus?

Drinking too much gaari should not at least blind you to the fact that tax is about income and so unemployed people cannot be taxed.

Do you need Nnamdi Kanu to come from prison and tell you by himself before you apply your medula

Why is it that VDM is the one lecturing you about tax

At least this is 2026 already, has your unemployed brothers been taxed from his ZERO income

Tinubu till 2031.

creativejagaban:
I just need the name of this lamba here.
He looks familiar 😂

This looks more familiar I guess

UrVillageChief:
Which part of the law says unemployed people are exempted? Let’s start from there.
Which part of the law states that there would be grants and social benefits for the unemployed like it’s done in the countries we are emulating? Please, I’m waiting because those are the major concerns I highlighted.
A fresh graduate who’s earning an income through betting (for instance) is to be taxed according to the newly created income tax laws but there’s no provision and mechanism in place to get him employed or entitled to social benefits, loans or grants at least or if you think he wouldn’t be taxed, kindly share with us the part of the law that says he’s exempted since he’s unemployed. Also share with me the Nigerian laws that make provisions to cater to the needs of unemployed citizens.
Again, this conversation is not your regular Obidients vs Agbado as you commonly call yourselves on this forum, so please trash the old vs new regime nonsense you’re trying to bring up because I’m not here to compare one nonsense with another as both the new and the old shouldn’t be in existence until those said mechanism are put in place, no human society taxes unemployed people without making them entitled to benefits.
No human society thrives on taxing poverty.
Supporting Tinubu shouldn’t turn you into Obi’s hordes of lunatic followers who believe Obi is perfect and can do no wrong. The lunatics that are fond of hurling insults at anyone who dares to question him. That’s not how sane humans should be, we should be able to put sentiments aside and judge things objectively. One of the many Ódés even said Nnamdi Kanu would rot in sokoto prison—ultimately presuming that I was one of his supporters just because I’m faulting a policy created by Tinubu🤣
Now tell me, what’s the difference between you and the Peter Obi’s hordes of delulus?

Government should find you a job? I know things are difficult in the country and it's rarely easy to get a good job, but common, you want Nigeria to be paying social benefits in a country where more than half of the population are between 18 and 65?
We are not that bouyant. We should focus on making sure politicians and their friends in the public won't be able to squander the little we are. That should be the goal.

mrvitalis:
Maybe you don't know how to read.. I'm saying settings a benchmark of 800k is too poor when poverty line is 1.6 million

What exactly don't u get?

Maybe you don't get it either, those in that bracket will have it better than before.
The bill was in the national Assembly for months, you could have made your suggestions rather than beating a dead horse now.

DeOTR:
Maybe you don't get it either, those in that bracket will have it better than before.
The bill was in the national Assembly for months, you could have made your suggestions rather than beating a dead horse now.

Have it better than before? 300k threshold before APC came in was 2000 dollars 3 times UN poverty lines

Equivalent is 3000 dollaes today or 4.5 million

DeOTR:
Government should find you a job? I know things are difficult in the country and it's rarely easy to get a good job, but common, you want Nigeria to be paying social benefits in a country where more than half of the population are between 18 and 65?
We are not that bouyant. We should focus on making sure politicians and their friends in the public won't be able to squander the little we are. That should be the goal.

“Which part of the law says unemployed people are exempted? Let’s start from there.
Which part of the law states that there would be grants and social benefits for the unemployed like it’s done in the countries we are emulating? Please, I’m waiting because those are the major concerns I highlighted.
A fresh graduate who’s earning an income through betting (for instance) is to be taxed according to the newly created income tax laws but there’s no provision and mechanism in place to get him employed or entitled to social benefits, loans or grants at least or if you think he wouldn’t be taxed, kindly share with us the part of the law that says he’s exempted since he’s unemployed”

I just quoted parts of what I commented, so please where exactly did I mention that the Government are the ones solely responsible for providing jobs for the unemployed?
Since the government can’t afford to pay its unemployed masses their deserved social benefits (we are poor, according to you), the government have no right to tax the masses because this would amount to taxing poverty. The laws should have been made an employment tax and not income tax because you have no right whatsoever to tax the masses you’ve failed to empowe. You are only concerned about if they are earning income or not and not if they are employed or have nothing doing. That’s the point and this is not me scapegoating only the Tinubu’s govt, I’m blaming this on all the Governments we’ve had even before him. Those countries we are emulating their taxation system all give consideration to their unemployed masses and this is why they have no reason to want to evade taxation because the systems are working, their emergency services are working, police are swift, citizens are entitled to medical insurance and/or loans, social amenities are provided. So tell me, what’s your excuse for not wanting to pay taxes if you find yourself in such a working society?

7 Key Facts About the New Nigeria Tax Reform Bills (2025) – Explained
There has been a lot of debate recently regarding the proposed Tax Reform Bills. Whether you are a business owner, an employee, or just a concerned citizen, it is important to separate the political noise from the actual facts in the document.
The reforms, driven by the Presidential Committee on Fiscal Policy and Tax Reforms (led by Taiwo Oyedele), aim to simplify our tax system. But how does it affect your pocket?
Here are 7 things you need to know about the new tax setup:
1. Income Tax Exemption for Low Earners
If you earn ₦800,000 or less per year (approximately ₦67k monthly), you are fully exempt from paying Personal Income Tax (PIT). This is designed to protect low-income earners from the burden of taxation.
2. Small Businesses Are "Safe"
Do you run a small business? If your annual turnover is less than ₦50 Million, you are now exempt from Company Income Tax (CIT). Previously, the threshold was lower, but this increase allows small SMEs to grow without the immediate pressure of corporate tax.
3. Goodbye FIRS, Hello NRS
The Federal Inland Revenue Service (FIRS) is being renamed and restructured into the Nigeria Revenue Service (NRS). The goal is to have a single, efficient agency collecting revenue, rather than having dozens of different agencies (like NIPOST, etc.) collecting different levies. This reduces "multiple taxation" harassment.
4. The VAT Rate Remains 7.5% (Generally)
Contrary to some rumors of an immediate massive hike, the standard VAT rate is pegged at 7.5%. However, the system of collection is changing to ensure that VAT is credited correctly to the "place of consumption."
5. The "Derivation" Controversy Explained
This is the hot topic. The new bill proposes a 60% derivation model for VAT distribution. This means states where consumption actually happens (where the goods/services are bought) get a bigger share of the VAT collected there. This aims to be fairer but has sparked debate among state governors regarding revenue sharing.
6. Consolidation of Taxes
Nigeria currently has over 60 different official and unofficial taxes. The new bills aim to reduce this to a single digit (less than 10 taxes) by consolidating various levies into one. For example, the Development Levy (4%) is introduced to replace multiple smaller levies like the Tertiary Education Tax, simplifying the paperwork for companies.
7. Tax ID is Now Mandatory
To curb evasion, a Tax ID will be required for more financial services and government transactions. The focus is on widening the net (getting more rich people to pay) rather than increasing the rate for the poor.
Summary
The reforms are not about increasing taxes on the poor, but about simplifying the process and capturing the wealthy who have been evading taxes. However, implementation will be the real test.
Want to read the breakdown of the bill or calculate how these changes affect your salary?
You can learn more and see detailed analyses on https://234tax.com

MrBadNews:
This looks more familiar I guess

Dey make yourself Happy.

Have you paid your tax, cos we are coming for you ooo 😜

Tinubu till 2031.

Oriolowo:
7 Key Facts About the New Nigeria Tax Reform Bills (2025) – Explained
There has been a lot of debate recently regarding the proposed Tax Reform Bills. Whether you are a business owner, an employee, or just a concerned citizen, it is important to separate the political noise from the actual facts in the document.
The reforms, driven by the Presidential Committee on Fiscal Policy and Tax Reforms (led by Taiwo Oyedele), aim to simplify our tax system. But how does it affect your pocket?
Here are 7 things you need to know about the new tax setup:
1. Income Tax Exemption for Low Earners
If you earn ₦800,000 or less per year (approximately ₦67k monthly), you are fully exempt from paying Personal Income Tax (PIT). This is designed to protect low-income earners from the burden of taxation.
2. Small Businesses Are "Safe"
Do you run a small business? If your annual turnover is less than ₦50 Million, you are now exempt from Company Income Tax (CIT). Previously, the threshold was lower, but this increase allows small SMEs to grow without the immediate pressure of corporate tax.
3. Goodbye FIRS, Hello NRS
The Federal Inland Revenue Service (FIRS) is being renamed and restructured into the Nigeria Revenue Service (NRS). The goal is to have a single, efficient agency collecting revenue, rather than having dozens of different agencies (like NIPOST, etc.) collecting different levies. This reduces "multiple taxation" harassment.
4. The VAT Rate Remains 7.5% (Generally)
Contrary to some rumors of an immediate massive hike, the standard VAT rate is pegged at 7.5%. However, the system of collection is changing to ensure that VAT is credited correctly to the "place of consumption."
5. The "Derivation" Controversy Explained
This is the hot topic. The new bill proposes a 60% derivation model for VAT distribution. This means states where consumption actually happens (where the goods/services are bought) get a bigger share of the VAT collected there. This aims to be fairer but has sparked debate among state governors regarding revenue sharing.
6. Consolidation of Taxes
Nigeria currently has over 60 different official and unofficial taxes. The new bills aim to reduce this to a single digit (less than 10 taxes) by consolidating various levies into one. For example, the Development Levy (4%) is introduced to replace multiple smaller levies like the Tertiary Education Tax, simplifying the paperwork for companies.
7. Tax ID is Now Mandatory
To curb evasion, a Tax ID will be required for more financial services and government transactions. The focus is on widening the net (getting more rich people to pay) rather than increasing the rate for the poor.
Summary
The reforms are not about increasing taxes on the poor, but about simplifying the process and capturing the wealthy who have been evading taxes. However, implementation will be the real test.
Want to read the breakdown of the bill or calculate how these changes affect your salary?
You can learn more and see detailed analyses on https://234tax.com

I hope the lambanus lienus fans will read this....but no, they will not.

Tinubu till 2031.

mrvitalis:
Have it better than before? 300k threshold before APC came in was 2000 dollars 3 times UN poverty lines

Equivalent is 3000 dollaes today or 4.5 million

It's not a big deal for the lambanus lienus fans to lie. It's normal for them, so we are not bothered

Tinubu till 2031.

UrVillageChief:
“Which part of the law says unemployed people are exempted? Let’s start from there.
Which part of the law states that there would be grants and social benefits for the unemployed like it’s done in the countries we are emulating? Please, I’m waiting because those are the major concerns I highlighted.
A fresh graduate who’s earning an income through betting (for instance) is to be taxed according to the newly created income tax laws but there’s no provision and mechanism in place to get him employed or entitled to social benefits, loans or grants at least or if you think he wouldn’t be taxed, kindly share with us the part of the law that says he’s exempted since he’s unemployed”

I just quoted parts of what I commented, so please where exactly did I mention that the Government are the ones solely responsible for providing jobs for the unemployed?
Since the government can’t afford to pay its unemployed masses their deserved social benefits (we are poor, according to you), the government have no right to tax the masses because this would amount to taxing poverty. The laws should have been made an employment tax and not income tax because you have no right whatsoever to tax the masses you’ve failed to empowe. You are only concerned about if they are earning income or not and not if they are employed or have nothing doing. That’s the point and this is not me scapegoating only the Tinubu’s govt, I’m blaming this on all the Governments we’ve had even before him. Those countries we are emulating their taxation system all give consideration to their unemployed masses and this is why they have no reason to want to evade taxation because the systems are working, their emergency services are working, police are swift, citizens are entitled to medical insurance and/or loans, social amenities are provided. So tell me, what’s your excuse for not wanting to pay taxes if you find yourself in such a working society?

If you cannot read the tax act yourself, I am not sorry to say we cannot help you.

The advice I can give is that:

Join sowore and some lambanus lienus fans to protest, I want to see something


Tinubu till 2031.