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“this Is Too Much” – Mother Of Two Cries Out Over Tax Deducted From ₦25,000 Tran - Business (4) - Nairaland

Nairaland ForumNairaland GeneralBusiness“this Is Too Much” – Mother Of Two Cries Out Over Tax Deducted From ₦25,000 Tran (40798 Views)

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Re: “this Is Too Much” – Mother Of Two Cries Out Over Tax Deducted From ₦25,000 Tran by oalandAgents2: 9:57am On Jan 06
Is he called President Painubu or President Thiefinubu 😕
Re: “this Is Too Much” – Mother Of Two Cries Out Over Tax Deducted From ₦25,000 Tran by ArcSEMPECJ(m): 10:00am On Jan 06
helinues:
What sort of clown clout chaser be this.so the ranting is about less than N100?

I haven't sent out this year but just deliberately did to confirm. N77 charges on transaction which is still fair
Are you the one to decide what is fair for an average Nigerian living her life , digging many grounds to eke a livinghuh

Anyway, what do you know? Does tax affect your monthly data stipendshuh NO!!!
Re: “this Is Too Much” – Mother Of Two Cries Out Over Tax Deducted From ₦25,000 Tran by DMCA: 10:04am On Jan 06
IgOga:
Take this down moderator. This is not tax but bank transfer fee of N87 out of 25k.

This is propaganda against the government.
If person no get money, use micro finance services like OPay but dem say no, dey must use BANK grin

OPay users will highest be charged N10 after the first 3 free transfers grin
we all know say N50 na flat fee by government for transfer above 10K cool
Re: “this Is Too Much” – Mother Of Two Cries Out Over Tax Deducted From ₦25,000 Tran by DOINGS2022: 10:06am On Jan 06
These so called stealing/robbing of Nigerian citizens in pretense of taxation by this devilish government must stop. Things are already hard and this rogues called politicians want to keep on making things difficult for us. This must stop
Re: “this Is Too Much” – Mother Of Two Cries Out Over Tax Deducted From ₦25,000 Tran by workchopNG: 10:07am On Jan 06
DeOTR:
...and no one is paying beyond 25% on any income band in Nigeria. Infact, the average can not be up 25%
So, what do you gain by paying 15% tax in Nigeria?

Do you have uninterrupted power supply?
Clean drinking water?
Good roads with proper safety measures?
Clean environment?
Good paying job?

These are just the basics.
Re: “this Is Too Much” – Mother Of Two Cries Out Over Tax Deducted From ₦25,000 Tran by jessicahanlo(f): 10:09am On Jan 06
Ahhh this one is honestly painful to read 😔

How do you deduct tax from ₦25,000? In this economy? After bank charges, transfer fees, and everything else? That money can barely buy foodstuff for a few days.

Government keeps talking about widening the tax net, but it’s always the poor and struggling middle class that feel it the most. Meanwhile, big men and politicians are owing billions and nothing happens to them.

Imagine being a mother of two, already managing survival, then you see deductions on small money like this. No empathy at all. If care is not taken, people will completely lose trust in the system.

Nigeria is not for the weak at all. 💔
Re: “this Is Too Much” – Mother Of Two Cries Out Over Tax Deducted From ₦25,000 Tran by integrity16(m): 10:10am On Jan 06
87 naira tax is what this fellow is ranting about? A lot of people are not well in this country, it's high time we began to take mental health seriously.
Re: “this Is Too Much” – Mother Of Two Cries Out Over Tax Deducted From ₦25,000 Tran by Prince111111: 10:11am On Jan 06
helinues:
When you are done lying to yourself, let's us know . So you will make transfer to other banks without attracting any charges

You are not talking to your local village people on NL
Ogbeni, zero charges on every money I transfer true true
Re: “this Is Too Much” – Mother Of Two Cries Out Over Tax Deducted From ₦25,000 Tran by workchopNG: 10:13am On Jan 06
DeOTR:
Free top-tier healthcare in which country? Unlike Nigeria where people mostly pay out of pocket, people pay for health insurance. If that's what you term as free health care, good for you.
We pay health insurance here but do we get to experience the kind of care and facilities you get in Western countries?

When I say top tier, I mean we'll equipped hospitals that can handle complex cases. Shamefully, even our politicians run to those hospitals for ordinary routine checkups...

All the oil, education, and electricity subsidies that has been removed, with the numerous bank charges, is it not enough to provide the whole nation with just pipeborne water?

I will happily pay 50% tax in the UK where I know it'll be made use of than 5% in Nigeria where i know where it'll go.
Re: “this Is Too Much” – Mother Of Two Cries Out Over Tax Deducted From ₦25,000 Tran by Davimuyi: 10:14am On Jan 06
This is where the National orientation agency comes in but I doubt they are even doing anything
Namaster:
Why are ID1OTS spreading FAKE news and causing panic for ordinary Nigerians.

“I was charged almost ₦100 for tax. Nigeria, which way? This tax is too much o. That means ₦100,000 tax fee will be very, very big. This is getting serious"

Stamp Duty is a FIXED charge of #50.
Whether you transfer #10,000 or #10 MILLION.

The remaining part of the #87 is likely just bank charges plus VAT on bank charges which would also remain the SAME whether you transfer #10,000 or #10 MILLION.

This is EXACTLY the reality on ground BEFORE the New Tax Laws were introduced.

It's just that instead of the #50 Stamp Duty to be deducted from the Receiver's account, it's now deducted from the Sender's account so that the receiver can get the FULL amount of the transaction.

Meanwhile, this one is already here spreading FAKE NEWS and panic.

This Single Mother of 2 (NOT surprised) is too DMUB.

And the INTELLECTUALLY-DEFICIENT people on Twitter are already lapping up the NONSENSE like it's spring water.

NOBODY WILL DEDUCT TAX FROM YOUR BANK TRANSACTIONS!

Another one said he transferred #100K and got #63K.

grin
Re: “this Is Too Much” – Mother Of Two Cries Out Over Tax Deducted From ₦25,000 Tran by erniok2: 10:15am On Jan 06
helinues:
When you are done lying to yourself, let's us know . So you will make transfer to other banks without attracting any charges

You are not talking to your local village people on NL
Even standard chartered bank in Nigeria does it so what's the big deal again.
Re: “this Is Too Much” – Mother Of Two Cries Out Over Tax Deducted From ₦25,000 Tran by Smooyis(m): 10:15am On Jan 06
This tax issue is an abnormality in itself. It should be suspended immediately. Rather the government should tax the rich to take care of the poor.
Re: “this Is Too Much” – Mother Of Two Cries Out Over Tax Deducted From ₦25,000 Tran by muyico(m): 10:16am On Jan 06
YesDaddyTill203:
Because of Malt and Gala, you are posting lies and trash on NL.
You don't expect people to tell the truth because of the Gala and Malt that you have collected.
I have been transferring and making purchases since the new year, and I have not been charged any extraordinary.

You clowns, are just looking for any means to make noise on social media, hoping that will help your Agulu cult leader. You are wasting your time.
I used opay card at first atm 🏧, I was charged 104
Re: “this Is Too Much” – Mother Of Two Cries Out Over Tax Deducted From ₦25,000 Tran by completeskills(m): 10:16am On Jan 06
What you have no ideal of ..don't reply in ignorance.
There are no bank charges for making inter or intra bank transfer in the UK. ..no deductions from your account. even ATM card are replaced free for you when it expires.
helinues:
When you are done lying to yourself, let's us know . So you will make transfer to other banks without attracting any charges

You are not talking to your local village people on NL
Re: “this Is Too Much” – Mother Of Two Cries Out Over Tax Deducted From ₦25,000 Tran by Truvelisback(m): 10:18am On Jan 06
helinues:
What sort of clown clout chaser be this.so the ranting is about less than N100?

I haven't sent out this year but just deliberately did to confirm. N77 charges on transaction which is still fair
Why fly no go support shit?

Re: “this Is Too Much” – Mother Of Two Cries Out Over Tax Deducted From ₦25,000 Tran by Joe4real1988(m): 10:19am On Jan 06
helinues:
When you are done lying to yourself, let's us know . So you will make transfer to other banks without attracting any charges

You are not talking to your local village people on NL
Smiles, I'm not the person you quoted, but i will try to educate you since you are not in abroad. There is an inward/internal transfer, that's from your account to another account of the same country and you are hardly charged, even if you will be charged, it's 0.50 or so(not upto #1). And there are some apps which you can personally use to send money from your abroad account to your local/country's account without the abroad/country deducting a certain amount in the name of tax.
He is trying to enlighten you that the criminal taxing activities that's happening in Nigeria now is not even happening in abroad(developed country) and you are here saying what you don't know. undecided
Re: “this Is Too Much” – Mother Of Two Cries Out Over Tax Deducted From ₦25,000 Tran by workchopNG: 10:20am On Jan 06
DMCA:
If person no get money, use micro finance services like OPay but dem say no, dey must use BANK grin

OPay users will highest be charged N10 after the first 3 free transfers grin
we all know say N50 na flat fee by government for transfer above 10K cool
True, but even with Opay, she'll still be charged N60 in total. Though to me, it's not much even if it's N100.

But then again, you know that the receiver will also be charged N50 for the same transfer. So, even with Opay, when you send 25k, the recipient gets 24,890. N110 gone 😃😂

My problem is not even that, my problem is what are they using the money to do? The N50 stamp duty of receiving N10k and above, what have they done with the trillions it has generated?
Re: “this Is Too Much” – Mother Of Two Cries Out Over Tax Deducted From ₦25,000 Tran by xtivin(m): 10:20am On Jan 06
helinues:
What sort of clown clout chaser be this.so the ranting is about less than N100?

I haven't sent out this year but just deliberately did to confirm. N77 charges on transaction which is still fair
Go check ur brain bro they are stealing from us to fund their exotic lifestyle and databoy like u Dey. Defend
Re: “this Is Too Much” – Mother Of Two Cries Out Over Tax Deducted From ₦25,000 Tran by Richtaiwo(m): 10:20am On Jan 06
MEGAWATCH:
Most of you think that Lagos citizens were stupid when they choose Peter Obi over Tinubu.

You don't give a person with criminal record charge over the bank vault, he will surely turn the bank into his personal property.

His block head supporters will learn in a hard way.


🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
So let me get this straight, when Pitobi wins in Lagos, it’s suddenly the sacred “will of the Lagos people,” but when he loses elsewhere, the anthem changes to rigging, rigging, rigging. For heaven’s sake, which kind people be dis? Was it not the very same election that was supposedly “rigged” from top to bottom? How does it magically transform into the people’s choice the moment the result is favourable?

I’ve said it before, and I’ll say it again, screaming “rigging” across social media rooftops will not launder a neatly packaged fraud into a stolen mandate. If he cannot master the rough-and-tumble of real politics, perhaps he should refocus on his beloved container economy.

He is neither the first to contest nor the first to lose an election, and no amount of online theatrics will result in the presidency being handed to him on a silver platter. They can scream “rigging” till their voices crack, reality, unfortunately for them, does not run on hashtags.
Re: “this Is Too Much” – Mother Of Two Cries Out Over Tax Deducted From ₦25,000 Tran by JohnAOne: 10:22am On Jan 06
NAIRALAND NEEDS TO BE REPORTED TO THE RIGHT AUTHORITIES.
Re: “this Is Too Much” – Mother Of Two Cries Out Over Tax Deducted From ₦25,000 Tran by erniok2: 10:24am On Jan 06
integrity16:
87 naira tax is what this fellow is ranting about? A lot of people are not well in this country, it's high time we began to take mental health seriously.
In as much as I understand the reason for the charges which OPAY should have broken down but do not go with this mentality.

87x200m. Do the maths. This is 8n a case of a good alarm.
Re: “this Is Too Much” – Mother Of Two Cries Out Over Tax Deducted From ₦25,000 Tran by Otamendi99(m): 10:24am On Jan 06
Madmohamed1:
people like you are the problem of Nigeria because of 30k your defending this evill government and they will soon debtor you 30 percent from your 30k na that time you will resets.
You are simply stupid, you know he is saying the truth. I have done many transactions above 100k this year. Everything they wrote in that post is a lie. But continue ur madness.
Re: “this Is Too Much” – Mother Of Two Cries Out Over Tax Deducted From ₦25,000 Tran by Loyika10: 10:24am On Jan 06
workchopNG:
So, what do you gain by paying 15% tax in Nigeria?

Do you have uninterrupted power supply?
Clean drinking water?
Good roads with proper safety measures?
Clean environment?
Good paying job?

These are just the basics.
You are talking of another Man's country who when push comes to shove doesn't see you as a Citizen of his country and whose indigenous citizens would vote to deport every Foreigner (regardless of if they have achieved citizenship or not) at the drop of a hat.

Everyone knows that Nigeria still has a long way to go to provide for its citizens and the governments should rightly be criticised...but its not a "Flex" to paint another country as some success story when;

1. These things were done over a period of time before the mass immigration of foreigners to their countries to enjoy these benefits (mind you the indigenous people hate the fact that you are there having access to these things regardless of if you work and are also paying tax into their system, they still feel you are not even meant to be there and are taking their jobs).
2. Not every Foreigner is finding it easy in these countries with some still reliant on people back home to help them or sell properties and all to supplement (so its not always a nosey picture for those living abroad).
3. The fact that those countries plundered countries like ours (and still do) to get their economies where they are (No Industrial Revolution in Europe or anywhere in the west if not for the gains of Colonialism, Slave Trade and so on).

So once again, while its right to point out the flaws in our systems and bad governance, let's not act as if everything is honky dory outside our shores....because they still protest in those countries as well (funny enough on Immigration and the need to close borders being the number one issue for most).
Re: “this Is Too Much” – Mother Of Two Cries Out Over Tax Deducted From ₦25,000 Tran by erniok2: 10:25am On Jan 06
DMCA:
If person no get money, use micro finance services like OPay but dem say no, dey must use BANK grin

OPay users will highest be charged N10 after the first 3 free transfers grin
we all know say N50 na flat fee by government for transfer above 10K cool
Didnt you see that transfer was OPAY?
Re: “this Is Too Much” – Mother Of Two Cries Out Over Tax Deducted From ₦25,000 Tran by DMCA: 10:25am On Jan 06
workchopNG:
True, but even with Opay, she'll still be charged N60 in total. Though to me, it's not much even if it's N100.

But then again, you know that the receiver will also be charged N50 for the same transfer. So, even with Opay, when you send 25k, the recipient gets 24,890. N110 gone 😃😂

My problem is not even that, my problem is what are they using the money to do? The N50 stamp duty of receiving N10k and above, what have they done with the trillions it has generated?
That no be new thing.
That started in early 2024 for all amount above 10K.
so why people d cry for d N50? cool
and na new thing say Opay d charge N10 after the first 3 transactions to other banks?
in fact opay to opay is always free cool
people no get excuse at all cool
Re: “this Is Too Much” – Mother Of Two Cries Out Over Tax Deducted From ₦25,000 Tran by Kdon2: 10:27am On Jan 06
Re: “this Is Too Much” – Mother Of Two Cries Out Over Tax Deducted From ₦25,000 Tran by Raf4: 10:28am On Jan 06
So you don't know the difference between bank charges and tax? 50naira stamp duty on daily inflow has been in existence for almost 10yrs. Whether you use ussd or bank app or any mean to transfer money, there is always bank charges plus VAT on the charges, and this is the normal practice in the banking sector for years.
Re: “this Is Too Much” – Mother Of Two Cries Out Over Tax Deducted From ₦25,000 Tran by yemre: 10:29am On Jan 06
This is madness.

Why not keep your cash in your house and do cash transactions to avoid paying 87 naira on 25k transaction.

Ewu
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