sulaimon abiodun

[SALMAN👑 @AWholeSalmanPR]

Fruits you ate growing up that your kids may never taste 😲😥

[InternationalBreweriesPlc @IBPlc_ng]

New Leadership, New Horizons!

We are proud and excited to welcome Nicholas Kade as the Managing Director / Business Unit President of International Breweries Plc (IBPLC).

Nick brings over 15 years of proven commercial leadership experience across Africa.

[Folake Ogunlana @FolakeOgunlana]

Happy Birthday to a leader who leads with her heart ❤️.
Wishing you a birthday filled with the same warmth&positive energy you bring to the Agric. family every day. I pray for continued wisdom, strength, and good health as you lead with courage and compassion.
Congratulations Ma

[sulaimon abiodun @cherokeejnr]

@thecheffchi 7035188100 opay. I believe

[sulaimon abiodun @cherokeejnr]

@funkeakindele Oh yes!!!

[sulaimon abiodun @cherokeejnr]

@Gistloversblog1 A car. I am suffering without one

[sulaimon abiodun @cherokeejnr]

@funkeakindele You are really a pure hearted woman. God bless

[Taiwo Oyedele @taiwoyedele]

THE TAX REFORMS WILL BENEFIT YOU IN MANY WAYS - HERE IS HOW!

A. Households and individuals including the youth:

1. Complete exemption of low-income earners up to N1m p.a. (about N83k per month) from PAYE
2. Reduced PAYE tax for those earning a monthly salary of N1.7m or less
3. Zero (0%) VAT on food, healthcare, education, electricity generation and transmission
4. VAT exemption on transportation, renewable energy, CNG, baby products, sanitary towels, rent and fuel products
5. Tax break for wage award and transport subsidy to low-income earners
6. Tax incentives for employers to hire more people incrementally than in the previous 3 years
7. Exemption of stamp duties on rent below N10m
8. PAYE tax exemption for other rank and armed forces fighting insecurity
9. Friendly tax rules for remote workers and digital nomads
10. Clarity on taxation of digital assets to avoid double taxation and allow deduction for losses

B. Small Businesses:

1. Increase in tax exemption threshold for small businesses from annual turnover of N25m to N50m
2. Exemption from company income tax for small businesses (tax at 0%)
3. No withholding tax deduction on business income of small businesses
4. Exemption from the requirement to deduct and account for tax on payments to vendors
5. Simplified statement of accounts attested to by small business owner for tax returns in place of audited financial statements
6. Introduction of the Office of Tax Ombud to protect taxpayers against arbitrary tax assessments
7. Tax disputes affecting businesses to be resolved within 14 days by the Tax Ombud
8. Harmonisation of taxes and repeal of multiple levies
9. Outlaw cash payment and physical roadblocks imposing burden on businesses
10 Attractive tax regime to encourage formalisation of business and facilitate growth

C. Businesses and investments:

1. Reduction of corporate income tax rate from 30% to 25% and harmonisation of earmarked taxes at a reduced rate
2. Unilateral tax credit for income earned abroad to avoid double taxation and input VAT credit on assets and services to reduce cost of production
3. Introduction of economic development incentive for priority sectors
4. Friendly tax regime for business restructuring and reorganisation to improve efficiency
5. Clarity on 6-years statute of limitation and resolution of objections in favour of taxpayer if tax authority fails to respond within 90 days
6. Option to pay taxes and levies on foreign currency denominated transactions in Naira
7. Faster tax refunds within 90 days (30 days for VAT refunds) with the option of set-off against any tax liability of the taxpayer.
8. Request for advance ruling by taxpayer to be provided by tax authority within 21 days
9. Expense incurred by a start-up within 6 years pre commencement of business to be tax deductible
10. Restriction of interest deduction will only apply to related party loans in order to reduce cost of finance for businesses

D. High Income Earners and HNIs:

1. Tax exemption on personal effects not exceeding N5m, sale of dwelling house, and up to two private vehicles
2. VAT exemption on purchase of real estate
3. Clarity on taxation of benefit in kind and limit of taxable accommodation benefit to 20% of annual income
4. Exemption of tax on sale of shares up to N150m and gains not exceeding N10m
5. Progressive personal income tax rate up to 25% for HNIs
6. Tax exemption on compensation for loss of employment not exceeding N50m
7. Progressive VAT rate on items mostly consumed by high income earners to partly compensate for exemption on essential consumptions
8. Tax exemption for income earned on bonds issued by states in addition to federal government bonds
9. Reduction in corporate tax rate for businesses and tax break for hiring more people
10. Exemption of tax on bonus shares for investors in Nigerian companies

E. Subnational government:

1. Federal government to cede 5% of VAT revenue to states
2. Transfer of income from Electronic Money Transfer levy exclusively to states as part of stamp duties
3. Repeal of the obsolete stamp duties law and re-enactment of a simplified law to enhance the revenue for states
4. States to be entitled to the tax of Limited Liability Partnerships
5. Tax exemption for state government bonds to be at par with federal government bonds
6. More equitable model for VAT attribution and distribution
7. Integrated tax administration to provide tax intelligence to states, strengthen capacity development and collaboration, and scope of Tax Appeal Tribunal to cover taxpayer disputes on state taxes
8. Powers for AGF to deduct taxes unremitted by a government or MDA and pay to the beneficiary government
9. Framework to grant autonomy for states internal revenue service and enhanced Joint Revenue Board to promote collaborative fiscal federalism
10. Legal framework for taxation of lottery and gaming, and introduction of withholding tax for the benefit of states

There is something in the tax bills for everyone.
#supportthetaxbills #forabetternigeria

[sulaimon abiodun @cherokeejnr]

@Wizkidgives 7035188100. Opay. Sulaimon Abiodun. I have not been credited before. May God continue to bless you.

[sulaimon abiodun @cherokeejnr]

@WiizkiidFC_ 7035188100. Opay. Sulaimon Abiodun. I have not been credited before sir. May God continue to bless you.

[sulaimon abiodun @cherokeejnr]

My wife is the best!!!!

[sulaimon abiodun @cherokeejnr]

@TrophyLager 85

[sulaimon abiodun @cherokeejnr]

@kemiadetiba Hi ma

[sulaimon abiodun @cherokeejnr]

@Onwukaemeh4 @Gistloversblog1 Share pls

[Ogechi Nwonye @OgechiNwonye]

My name is Ogechi Nwonye, I am a Social Entrepreneur & a recycler based in Enugu State, Nigeria. Over the years, I have come to the realization that we are surrounded heavily by Plastic Waste and we churn out even more as the day goes by.

Everyday i wake up to start my day, .

[sulaimon abiodun @cherokeejnr]

Beaking: @SympLySimi will be touring with @aliciakeys at mid July as revealed at the live show of nigeian idol. Wao

[sulaimon abiodun @cherokeejnr]

Soooo short!😃 https://t.co/v5hKgbtyZL

[sulaimon abiodun @cherokeejnr]

So short! https://t.co/1OrJuSc8o2

[sulaimon abiodun @cherokeejnr]

@UniqueFeranmii Congrats! There is no small win.

[First Doctor @FirstDoctor]

But why do people do this open defecation thing , is it they don't know it causes diseases?