₦airaland Forum

Morenikeji090:
Wait self this tax nonsense just dey confuse person up and down… if someone is to make a transfer of 1 million naira to me how much would I received pls enlighten me…??

You will receive 800k. 200k is the tax you'll pay to the government.

I sent Mr. Obiagwu Ezemuna ₦1,500,000. Government comot ₦130,000 as tax.

It's well. Na God go judge everybody.

TheStoriesOfMan:
I sent Mr. Obiagwu Ezemuna ₦1,500,000. Government comot ₦130,000 as tax.

It's well. Na God go judge everybody.

Ridiculous LIAR

TimiofAbuja:
lolzzz.... to drop 7.5% is not easy oooo when we know it will be stolen. threat to his life is bad also

Which one is 7.5% again? Are you talking about the VAT on fees and levies that they just announced. If you don't know, ask let me educate you on it, because it is not from your money that they will take that one. It is 7.5% of all the fees/levies/charges that the bank deducted from customers. E.g. Let us assume you made transactions of ₦2,000,000 and, still assuming, the bank charges you ₦800 as COT. The ₦800 belongs to the bank. It is from this ₦800 that the bank will calculate 7.5% and remit to government. That is ₦60.
That one is different from stamp duty of ₦50, which is the one to be taken from the customer.

wolesmile:
Which tax did they increase?
Can you please juxtapose the old tax with the new one nd tell me where they increased the tax you are going to pay?
My gross annual is 8 figures. 7 after all statutory deductions before tax. I calculated and realized what I'll pay at the end of the year will less than what I have been paying in the past because of the increase in the threshold for each tax category.
I swear, e no go better for anybody wey dey carry propaganda on this tax reform, and those wey dey foolishly believe them without conducting proper research.

Which proper research? Is it not the masses that will be forced to bear the burden of price increases,?

lionshare:
Ridiculous LIAR

Attacking my posts makes you look funny.

Nevertheless , I'll say the truth, paid agent!

If you like use 100 monikers, that's your business.

Bhella5:
You are not making sense. The Tax laws have come to stay. No going back.

Wait and see

I thought they say 7.5 percent 7.5 percent of 1 million should be #75k not 200k or what you mean..

TheStoriesOfMan:
You will receive 800k. 200k is the tax you'll pay to the government.

wolesmile:
Which one is 7.5% again? Are you talking about the VAT on fees and levies that they just announced. If you don't know, ask let me educate you on it, because it is not from your money that they will take that one. It is 7.5% of all the fees/levies/charges that the bank deducted from customers. E.g. Let us assume you made transactions of ₦2,000,000 and, still assuming, the bank charges you ₦800 as COT. The ₦800 belongs to the bank. It is from this ₦800 that the bank will calculate 7.5% and remit to government. That is ₦60.
That one is different from stamp duty of ₦50, which is the one to be taken from the customer.

The VAT is too small for the government to tax.

7.5%? Too small.

Government wants to be collecting tax of ₦100,000 and above.

VAT can't build quality toilets nor build adequate hospital facilities. It's too small.

Morenikeji090:
I thought they say 7.5 percent 7.5 percent of 1 million should be #75k not 200k or what you mean..

Who say? Forget 7.5% abeg. The tax is arbitrary.

Them fit see ₦1,000,000 balance for your account, come deduct ₦50,000.

No mind government ooo. Them dey do A, come say B.

Better remove your money from the bank.

TheStoriesOfMan:
Attacking my posts makes you look funny.

Nevertheless , I'll say the truth, paid agent!

If you like use 100 monikers, that's your business.

Check my moniker: I don’t need to be paid to support what is good for the masses; maybe that’s alien to you.

Remove money from bank then where should we keep it then lol ?

TheStoriesOfMan:
Who say? Forget 7.5% abeg. The tax is arbitrary.

Them fit see ₦1,000,000 balance for your account, come deduct ₦50,000.

No mind government ooo. Them dey do A, come say B.

Better remove your money from the bank.

I don’t get your analysis…… by what government say 7.5 percent…. How much would they remove in 1 million

lionshare:
7.5% of N50 its been on for ages but this guys are just looking to cause unnecessary panic .

wolesmile:
Which one is 7.5% again? Are you talking about the VAT on fees and levies that they just announced. If you don't know, ask let me educate you on it, because it is not from your money that they will take that one. It is 7.5% of all the fees/levies/charges that the bank deducted from customers. E.g. Let us assume you made transactions of ₦2,000,000 and, still assuming, the bank charges you ₦800 as COT. The ₦800 belongs to the bank. It is from this ₦800 that the bank will calculate 7.5% and remit to government. That is ₦60.
That one is different from stamp duty of ₦50, which is the one to be taken from the customer.

hmmmmmmmmmmm
thank you sir >:

Na ogun go kiii you dia, for taxing extremely poor Nigerians and increasing hardship in Nigeria. Las Las you are just a demonic vessel in the hands of tunibu for squeezing life out of very poor people in every way. It's only demons like you that will agree to milk the poor maases for enjoyment and looting tendencies of Nigerian politicians.

lionshare:
Check my moniker: I don’t need to be paid to support what is good for the masses; maybe that’s alien to you.

Paid agent, continue supporting the government.

Morenikeji090:
Remove money from bank then where should we keep it then lol ?

k

Unscrew your TV, put your money there, then screw back. Not even the DSS will know you put cash in your TV.

That’s why I’m asking lol

TheStoriesOfMan:
k

Unscrew your TV, put your money there, then screw back. Not even the DSS will know you put cash in your TV.

Tax that has already started except you don’t have bank account

TheStoriesOfMan:
Paid agent, continue supporting the government.

@seun why are you allowing Disinformation

datola:
Can you mention a specific tax he increased that's affecting you and other ordinary Nigerians

Denial is Taqyiyah, Taqyiyah is denial

datola:
Can you mention a specific tax he increased that's affecting you and other ordinary Nigerians

VAT 7.5% on electronic fee of transfer amount

lionshare:
@seun why are you allowing Disinformation

Let me bring five buckets.... you'll surely need them.

grailife:
Tax that has already started except you don’t have bank account

Don't mind them. I sent some 1.5 million, them deduct 130k as tax.

I dey explain my plight, but one paid agent dey tell me say I dey lie. I dey lie for money wey i send give Mr Obiagwu? My own money ooo

It's well.

datola:
Can you mention a specific tax he increased that's affecting you and other ordinary Nigerians

What a good and valid question.

You have threatened the lives and livelihoods of over 200M people. Yet you are saying you received threats! What an irony..

hohafrank:
VAT 7.5% on electronic fee of transfer amount

According to google

Starting January 19, 2026, Nigeria will apply a 7.5% Value Added Tax (VAT) exclusively to the service fees charged by financial institutions, not the actual money sent. The 7.5 percent VAT is not taken from the money you send. It is charged only on the small fee banks or fintechs collect for making the transfer.

Why does he receive the threats ? Is it because of the iklegal alterations they fraudulently inserted in the so called tax law ?

eyesoflagos:
https://eyesoflagos.com/2026/01/15/i-receive-threats-over-tax-reform-implementation-taiwo-oyedele/

You never something! you can't mess up with over 200 million citizens and then go away with it.

That's a potential risk associated with the critical role he played in putting together the NRS Act.

Dreal1247:
Which proper research? Is it not the masses that will be forced to bear the burden of price increases,?

Bear the burden?
Tell me how.