When you consistently take responsibility for your work, including mistakes, colleagues and managers learn to rely on you, fostering a reputation for dependability.
· For zero-rated supplies (e.g, essentials), businesses can recover input VAT costs, which was not always explicitly allowed before.
This aligns with global VAT principles and can significantly boost liquidity for manufacturers and service providers.
Claims must be made within five years of incurrence, and excess input VAT can be refunded within 30 days by the Nigeria Revenue Service (NRS), either in cash or as a set-off against other taxes.
Input VAT Recovery
Companies can now claim input VAT on a wider range of purchases, provided they relate to taxable supplies:
· Full recovery on inputs for taxable supplies, including services, fixed assets, and mixed- use items (in proportion to taxable use).
Under Nigeria’s new tax reform, personal bank accounts are exempt from direct taxation. Taxes will not be automatically deducted from individual accounts; however, banks are required to report quarterly transaction activities exceeding ₦25 million to the CBN.
A key aspect of the Nigeria Tax Reforms, effective January 2026 under the Nigeria Tax Act 2025 and related laws, is the introduction of Capital Gains Tax on indirect transfers of shares and offshore assets, as well as a higher CGT rate for companies.@FIRSNigeria @Armdivaa
🎉 We’re incredibly excited to welcome Khabib Nurmagomedov (@TeamKhabib), the legendary MMA champion and global icon, as Global Ambassador of #IceOpenNetwork!
🌟 Known worldwide for his unwavering commitment, integrity, and excellence, #Khabib brings the same spirit to our mission of transforming the digital landscape through Web3. His partnership with #ION is more than just an alliance; it’s a shared vision to empower individuals globally with control over their data and digital lives.
🚀 With Khabib by our side, we’re set to push the boundaries of blockchain, making decentralized technology accessible to all. Together, we’ll inspire millions to explore the opportunities of Web3 and lead the movement toward a decentralized, user-empowered future.
#BinanceBlockchainWeek #BBW
🚀 The RWA Launchpad is now live on TestNet 🚀
We are incredibly excited to announce the launch of the RWA Launchpad! Users will receive TestNet $RWA and be able to join test launch pools and staking. They can also explore the platform and read through the documentation. Last but not least, by completing the KYC process you will automatically gain bronze tier status when we go live on MainNet. Check out our blog for more details!
#RWA_INC #RWA #Launchpad
🚀 Wow, 400K comments! We’re blown away by the support from our incredible community!
🙌 You've spoken loud and clear—#Binance, #Bybit, #Upbit, and #Coinbase are your top picks for $ICE listings!
A huge thank you to everyone for your enthusiasm and passion. Let's make some noise and show these exchanges what #ION us all about! 🌐💪
@binance@_RichardTeng@Bybit_Official@BenZhouBybit@upbitglobal@coinbase@brian_armstrong—our community is ready to see $ICE in action on your platforms! 🚀
#IONBlockchain #Crypto #TapToEarn #ICEonExchanges
🚀 Wow, 400K comments! We’re blown away by the support from our incredible community!
🙌 You've spoken loud and clear—#Binance, #Bybit, #Upbit, and #Coinbase are your top picks for $ICE listings!
A huge thank you to everyone for your enthusiasm and passion. Let's make some noise and show these exchanges what #ION us all about! 🌐💪
@binance@_RichardTeng@Bybit_Official@BenZhouBybit@upbitglobal@coinbase@brian_armstrong—our community is ready to see $ICE in action on your platforms! 🚀
#IONBlockchain #Crypto #TapToEarn #ICEonExchanges
🚀 Wow, 400K comments! We’re blown away by the support from our incredible community!
🙌 You've spoken loud and clear—#Binance, #Bybit, #Upbit, and #Coinbase are your top picks for $ICE listings!
A huge thank you to everyone for your enthusiasm and passion. Let's make some noise and show these exchanges what #ION us all about! 🌐💪
@binance@_RichardTeng@Bybit_Official@BenZhouBybit@upbitglobal@coinbase@brian_armstrong—our community is ready to see $ICE in action on your platforms! 🚀
#IONBlockchain #Crypto #TapToEarn #ICEonExchanges