₦airaland Forum

You will not be the first...unfortunately when you begin to realise the truth, shame will not let you come here to admit you were wrong, you'd just change moniker or go silent. Where is Manna today...he is now a sports pundit. What of Morgstreme...suffer don kill that one. I will avoid tax...I will not evade it! When the government shows that it will put my money to good use, then i will be glad to pay!

You have nothing to worry about with your minimum wage though. When you get to our level...you will understand

Burob:
Definitely u must also be a culprit?

From my observation, only criminal minded tax dodgers, & violators will be concerned about any purported amendments.

Or the plain follow follow ignorant people that will wail just for wailing 😭 sake.

Keep up the support!

When you become a victim of the draconian laws..dont come crying ...unless of course you earn less than 800k a year so you aren't bothered.

Burob:
From my observation, only criminal minded tax dodgers, & violators will be concerned about any purported amendments.

Or the plain ignorant people that will wail just for wailing 😭 sake.

At least with the visa restrictions now, other miscreants who go there to exploit their systems for their benefit will stop.

Hope they send him to the same prison as Kabiyesi

Very good

They were all sponsored by Tompolo and other parasites who thrive by massaging the egos of the people in power.

So you mean prior to the reclassificatiin, all these groups were not considered terrorists?

My post was not in support of the new tax rates but it is right to disseminate the information accurately

horlando30:
Doesnt matter, the effective tax rate are still too high for each tax brackets for a low income economy like Nigeria. You are competiting for investment with other countries so you should use tax rate that are competitive. For example the US has federal income effective tax brackets 10%, 12%, 22%, 24% and 35% (for millionaires income earners and yet many of them legally avoid it using tax loop holes) and this is a very wealthy country with very high income earners. Nigeria tax brackets should be way lower like 8%, 12%, 15%, 18% and maybe 20% at the highest end for a low income economy to encourage a lot of ppl to pay tax.

What you have described under PAYE is incorrect or rather not very clear.


You do not pay 15% on your salary if you earn between 800k and 3m. You pay 15% on what is leftover after deducting the tax free earnings.

So if you earn 800k, as you stated, you pay 0 tax. However, if you earn 850k, you only pay 15% on the 50k and not on the 850k . And if you earn 3m you pay 15% on the 2.2m not on 3m.

You get can additional tax relief if you rent . You get 20% of your annual rent deducted as well. So if you earn 900k, you remove the 800k tax free allowance . If you live in a 1m naira rental property, you deduct 20% of 1m which is 200k so if you earn 900k, you pay no tax.

Note that the rental deduction is up to a maximum of 500k....so even if you pay 4m rental, you dont get 800k deduction, you get only 500k.

Now what if you earn 5m...first you deduct 800k. You have 4.2m left. You then pay 15% on the next 2.2m and then 18% on the remaining 2m...and so on. So your salary is taxed in two different percentages. So 5m salary doesnt mean you pay 18% tax outright but 15% on the 2.2m and 18%on the remaining 2m.

Who says it is a toy? Did he read the instructions? When you receive it, you are to soak it in water to become full-size!!!

Doesn't say much about the North...if their leader was Buhari!

4.5m

How is saying he is dead negative news?

You won't stay in your self-imposed exile in peace. It was too much talk that put you in problem that you had to run away from Nigeria.

Now you won't face whatever it is you are doing there...

Na so! You will only probe if instructed ... the independent in your name is as useless as the independent in INEC

The only legacy this man left behind is a legacy of being a monumental failure!

Failed as military head-of-state, failed as presidential candidate 3 times and signed a deal with the devil to get him into power. Failed as civilian president throwing Nigeria into hunger and insecurity .

Anyone reading his book just wants to gain inspiration from being a failure

Omo...Fangote grab this guy by him blokos

Even if you receive a petition, you still won't see it until the powers that be tell you to see it and act on it...

If you ban it, you ban the production which means you deprive the manufacturers of sales and the accompanying taxes!

Government is thinking of the revenue implication of the ban ...your health doesnt concern them

They do not want economic migrants to the state but are now afraid of the opening of other ports which would make their wishes come true.

Next step...between 2027 and 2031, if BAT continues in power, he will be made Chief of Army Staff

...of course it cannot buy your shoe but does that change the fact that you were begging for saxophone abi trumpet.?

What were you planning to do with all those trumpets? Blow down the wall of Jericho??

You dont need to ask where your taxes will go to next year...they will tell you to go and ask your governors; your governors will not respond and will continue squandering it ...which is why most of them defected to APC for protection from the Eagle that doesnt see!

Come and collect tax

...and you think the snake wasnt going to work too? How would you like it if as you are on your way to word, all of a sudden, Jack comes down the beanstalk, picks up a piece of wood and hits you over the head several times. Then logs into Giantland and displays you there and asks what type of organism is this?

Stop killing wild life...they balance out the ecosystem

Nigerian leaders left the chat room.

Of course! This is what they are good at.

I havent heard that they've gone back to retaliate against the people who murdered the Uba but against unarmed civilians; they are world class

They will soon change our name to Republique du Nigeria cos we are becoming stooges for France!

This is exactly what we wanted to do with Niger before the memo leaked! France are protecting their African territories from military takeover and Nigeria is their ally!

Question is..is France doing this to protect democracy or protect their interest?

Hear how you are wheezing cos you want to show off. Dont give yourself a heart attack o

Cos we would rather use of ISR aircraft to ferry VIP kids and now we run tonthe US to assist us to do this...and conduct strikes cos we have sent our fighter crafts to Benin Republic.

A Party of Clowns

If we used our airforce effectively against bandits, they'll be decimated by now rather we scramble the airforce to Benin Republic to form Big Brother!

Coup season in Africa!

Where next?