@BenEAmeh@woye1 Yes, Canada can easily suspend Tax because they have system that can control Smuggling unlike Nigeria. Any attempt of subsidy in nature in Nigeria, you will see serious smuggling of refined products to neighboring countries.
WILL MY BANK ACCOUNT BE BLOCKED from January 1, 2026, IF I DON’T HAVE TIN? Answer: NO sir/Ma.
1: Question: Will transfers and deposits into my account be taxed?
-(a): Answer: No. moving money through POS, bank transfers, deposits or withdrawals IS NOT A TAXABLE EVENT. Only INCOME EARNED is taxed.
2: Question: which individuals does the Nigerian Tax law apply to:
-(a): Answer: it applies to all individuals who earn income in Nigeria- workers, traders, content creators, influencers, remote workers and to Nigerians earning income abroad if they are tax residents in Nigeria.
3: Question: I am a student with no job. Do I pay tax?
-(a): Answer: No, if you have no taxable income, you won’t pay tax.
4: Question: Will the money I keep in my bank account be taxed?
-(a): Answer: No. simply holding money in a bank account is not taxable. Only income such as salary, biz profit or interest is taxed.
5: Question: Will I pay tax on loans borrowed from Fairmoney or other lenders?
-(a): Answer: No. loans are not income and are therefore not taxable. However, the interest earned by the lender will be taxed.
6: Question: I run a one-man business: Do I pay PERSONAL or COMPANY Income Tax?!
-(a): Answer: if registered as a business name (enterprise) you pay Personal Income Tax. (PIT).
-(b): If registered as a Limited Liability Company, you pay Company Income Tax (CIT)
7: Question: If I sell shares and make profit, will I pay tax?
-(a): Answer: No, provided the values of shares sold does not exceed N150 million and the gain is not above N10 million.
-(b): Gains above N10 million becomes taxable.
8:Question: are military salaries taxable?
-(a): No, salaries of military officers are now exempt from tax.
9: Question: I am a pensioner. Will my pension be taxed?
-(a): Answer: No. approved pension and retirement benefits remain tax -exempt.
Even if I remain the only Northerner standing firmly in support of President Bola Ahmed Tinubu, I will continue without fear or hesitation.
Nothing will stop me.
On Tinubu’s mandate, 2023–2031.
May President Bola Ahmed Tinubu succeed, for the good of Nigeria
Retweet if you're with me
@Ameboibadan@DeeOneAyekooto Please don't blame Taye Currency, blame those who asked him to sing in such occasion. That event was too Big for Taye's Status.
If Bola Ahmed Tinubu is your President, retweet and drop ur handle let's follow each other
Bola Tinubu follow train 🦇🦇🦇
Sunday Progressive follow train
@arojinle1 Thank you Arojinle, I have been saying this for years, one needs to engage in one activities or 2 before money come. Legal or Illegal, there must be an activity 🤷🏽♂️
@Akaonyejibia@mvvb501@DavidsOffor@taiwoyedele And you expect him to understand this??
Even if one is not living in Nigeria, they are reading news, how on earth would someone be asking where the fuel Subsidy removal is going by now for God sake 🤷🏽♂️