@Humbleloaded

Associate Chartered Accountant (ICAN) • Data & Financial Analyst • Front end Web Developer • Chelsea Fan

[@Humbleloaded @Humbleloaded]

@WealthWithPro Sir, Treasury Bill is no longer Tax Free.

[@Humbleloaded @Humbleloaded]

@_fefas Research Well before you contribute to a subject matter or prepare a content next time. Please.

[@Humbleloaded @Humbleloaded]

@Jayysein @Joshwydd_ I tell u… He was so clueless

[@Humbleloaded @Humbleloaded]

@ultimate_kombo Fair.
Clear basis.

[@Humbleloaded @Humbleloaded]

@christhiney18 @Mrbankstips We can blame Tosin and Chaloba all day
But we need to pay attention to details.
If the guy kept on holding the ball without feasible options….We might not conceed that Goal.
So where are other team mates?

[@Humbleloaded @Humbleloaded]

@christhiney18 @Mrbankstips God bless you broo

How did Talbi get into that position unmarked before Caicedo and Santos?

[@Humbleloaded @Humbleloaded]

How did Talbi arrive in the position before Santos/Caicedo?

#CHESUN

[@Humbleloaded @Humbleloaded]

@Cfc_KvnE11 @Max_Joshy11 @Blue_Footy As in…

How did Talbi arrive in the position before Santos/Caicedo?

[CFC/ASROMA @georgelamps]

Chelsea player dey each favourite

[@Humbleloaded @Humbleloaded]

@FabrizioRomano His Agent would have done better by getting a club where he will sure get enough playing time.

[@Humbleloaded @Humbleloaded]

@FabrizioRomano Obviously Jackson does not want to go back to chelsea so he added seomthing to ensure the deal went through.

Still a Good deal for Chelsea, If Bayern Covers his entire weekly wages plus the €16.5m Loan Fee.

[@Humbleloaded @Humbleloaded]

@Bolarinwaiyanu Police Station, Cant trust no one there,,,,in Nasty C’s Voice….#NBS Kizz Daniel ft. Nasty C ‘Ghetto’

[Dami’ Adenuga @DAMIADENUGA]

Every undergraduate out there needs to see this video, send it to your colleagues and folks

[@Humbleloaded @Humbleloaded]

@DaSuspect7 @NudgeTM Rent is only subject to 10% Witholding tax not VAT.

WHT is not a seperate tax on it own provided that the Landlord has other taxable income to offset it with.

[Midas Banter @MidasBanter]

@Coolverydarkma Banks operate under strict regulatory oversight, with the Central Bank of Nigeria (CBN) as a key authority ensuring compliance.

Before you leap into such matters, consult those with expertise in the field to guide you properly and prevent such missteps. For your information,

[@Humbleloaded @Humbleloaded]

@HabuSadeik @muhdahm3d i do not think you will get any releif in that regard beacuse that releif is conditional….provided that the individual accurately declares the amount of rent paid……………and if u read further it talk about proof of claims.

[@Humbleloaded @Humbleloaded]

@HabuSadeik @muhdahm3d It wont be eefective until u are able to provide proof of ur rent which must be veriffied by the Tax authority.

Also, 20% of most pple’s rent will most likely be lowwer than the 200k.

So assuming 200k in ur computations might be deceiving.

[@Humbleloaded @Humbleloaded]

@HabuSadeik Sir, Where is the 200k releif coming from please?

[Woye @woye1]

TAX REFORM BILLS:

1: Brilliant article written by the immediate past Chairman of @FIRSNigeria @NamiMuhammad

2: Let me summarize it:

(a): two subjects are crucial to this debate. They are ATTRIBUTION and DERIVATION.

- Derivation: sharing of revenues from taxes are distributed to the region or jurisdiction where they were generated.

- Attribution: allocating tax revenues based on predefined criteria, such as population size, geopolitical size, need, national interest, expenditure responsibilities etc rather than the LOCATION of a Tax - generating entity. Thus revenues are collected nationally and are distributed to states according to agreed upon formulas. This is the present order.

3: Contentious issue: Section 22 (12) of the bill which provides for the attribution of VAT revenue requiring companies to file their returns on the basis of derivation of location (PLACE OF CONSUMPTION). This provision is intended to cure an existing problem with our current VAT administration.

4: as at today, VAT returns are not filed on the basis of place of CONSUMPTION but reported based on the HEADQUARTERS.

NANI’s submission:

5: The proposed New bill will now be REPORTED BASED ON THE PLACE OF CONSUMPTION which will ensure that most of amounts currently reported for Lagos, FCT and Rivers states will now be reported by where the CONSUMPTION takes place.

6: the new rule will ensure that places where consumption took place get 60% of the amount reported.

7: If consumption happens in Niger State, the state will receive 60% of the VAT generated from its jurisdiction while the balance would be put in a VAT sharing pool, which it would further benefit from.