𝐓𝐚𝐱 𝐑𝐞𝐟𝐨𝐫𝐦 𝐈𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐄𝐧𝐠𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐰𝐢𝐭𝐡 𝐇𝐑 𝐚𝐧𝐝 𝐏𝐚𝐲𝐫𝐨𝐥𝐥 𝐏𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥𝐬
We recently hosted an engagement sesion on the implementation of the Tax Reform Acts for HR, Payroll, CFOs and Tax Managers, in collaboration with the Joint Revenue Board (JRB).
We thank the nearly 15,000 people that registered for the session. For those who could not join us live due to the virtual webinar capacity limitation, we have provided the full session recording below.
𝐊𝐞𝐲 𝐒𝐞𝐬𝐬𝐢𝐨𝐧 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬
𝘌𝘹𝘦𝘮𝘱𝘵𝘪𝘰𝘯 𝘧𝘰𝘳 𝘮𝘢𝘯𝘺 𝘸𝘰𝘳𝘬𝘦𝘳𝘴: The new laws protect low-income earners with automatic exemption for anyone earning the national minimum wage or less. Where deductible contributions and rent relief are taken into account, employees earning up to ₦100,000 per month may also see their tax liability drop to zero.
𝘍𝘪𝘴𝘤𝘢𝘭 𝘧𝘦𝘥𝘦𝘳𝘢𝘭𝘪𝘴𝘮: Personal Income Tax remains payable to the relevant State Internal Revenue Services (SIRS), not the NRS. All revenue agencies will work together under the Joint Revenue Board to ensure a harmonised and seamless experience for taxpayers.
𝘗𝘢𝘳𝘵𝘯𝘦𝘳𝘴𝘩𝘪𝘱 𝘐𝘯𝘤𝘰𝘮𝘦: Taxes for individuals in a partnership are payable to each partner’s state of residence.
𝘊𝘰𝘮𝘱𝘦𝘵𝘪𝘵𝘪𝘷𝘦 𝘳𝘦𝘮𝘰𝘵𝘦 𝘸𝘰𝘳𝘬 𝘵𝘢𝘹 𝘳𝘦𝘨𝘪𝘮𝘦: Nigeria is now more competitive for global talent. Foreign employers are no longer deemed taxable in Nigeria solely because they have employees working remotely in the country.
𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐚𝐥𝐢𝐬𝐢𝐧𝐠 𝐭𝐡𝐞 𝐍𝐞𝐰 𝐏𝐀𝐘𝐄 𝐂𝐨𝐦𝐩𝐮𝐭𝐚𝐭𝐢𝐨𝐧
To ensure that individuals benefit from the pro-workers provisions of the new tax laws, payroll managers are encouraged to follow the process below:
Step 1 - Start with gross income
Step 2 - Add benefits-in-kind (if applicable)
Step 3 - Grant reliefs for pension, NHIS, NHF etc
Step 4 - Apply rent relief (20% of actual rent paid capped at ₦500,000)
Step 5 - Exempt the first ₦800,000 (taxed at 0%) and apply progressive rates thereafter.
While the top marginal rate is 25%, the effective rate is much lower due to these deductions.
𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐟𝐢𝐥𝐢𝐧𝐠 𝐝𝐞𝐚𝐝𝐥𝐢𝐧𝐞𝐬:
- Employer annual returns: Due by 31 January each year, covering employees’ emoluments and tax deductions.
- Individual self-assessment return: To be filed by every taxable individuals including employees not later than 31 March covering all income sources.
- Tax incentives return: A new requirement for beneficiaries of specific tax incentives.
Watch the full recording here: https://t.co/d705ZQiJxL
#TaxReformNG #PayrollManagement #TaxReliefs
10 difficult but necessary conversations to have with your partner before 2026.
(I do these often with my clients in counselling and it always yields rewarding results):
50 Important Phrasal Verbs (with meaning) 🗣️
1. Look after - Care for
2. Look for - Search
3. Look into - Investigate
4. Give up - Quit
5. Give in Surrender
6. Turn down - Reject
7. Turn up - Arrive
8. Take off - Remove
9. Take up - Start
10. Run into - Meet
11. Run out of - Deplete
12. Break down - Fail
13. Break up - - End
14. Call off - Cancel
15. Carry on - Continue
16. Come across - Discover
17. Come up with - Create
18. Pull through - Recover
19. Fill out - Complete
20. Get along - Befriend
21. Get back - Return
22. Get over - Recover
23. Give out - Distribute
24. Go on Proceed
25. Go out - Socialize
26. Take after - Resemble
27. Hold on - Wait
28. Keep up - Maintain
29. Make up - Reconcile
30. Pass away - Die
31. Put off - Delay
32. Put up with - Tolerate
33. Run away - Escape
34. Show up - Appear
35. Shut down - Close
36. Sign up - Register
37. Take care of - Manage
38. Take part in - Participate
39. Talk over - Discuss
40. Think over - Consider
41. Throw away - Discard
42. Turn off - Deactivate
43. Turn on - Activate
44. Watch out - Beware
45. Work out - Exercise
46. Wrap up - Finish
47. Back up - Support
48. Change into - Transform
49. Check out - Investigate
50. Count on - Rely
📝 IELTS Vocabulary
very small → minuscule
very hungry → starving
very tired → exhausted
very beautiful → gorgeous
very ugly → hideous
very funny → hilarious
very calm → serene
very busy → swamped
very cold → freezing
very hot → scorching
very happy → ecstatic
very sad → miserable
very angry → furious
very scared → terrified
very big → gigantic
very fast → swift
very new → brand-new
very smart → brilliant
very stupid → idiotic
very slow → sluggish
very noisy → deafening
very quiet → silent
very old → ancient
75 PHRASAL VERBS 🔥
1. Pass away - Die
2. Put off - Postpone
3. Figure out - Solve
4. Bring up - Mention
5. Take off - Depart
6. Run into - Meet
7. Look for - Search
8. Give up - Surrender
9. Blow up - Explode
10. Count on - Rely
11. Go ahead - Proceed
12. Pull over - Stop car
13. Back up - Support
14. Shut down - Close
15. Pick out - Choose
16. Bring about - Cause
17. Find out - Discover
18. Get away - Escape
19. Move on - Continue
20. Look up - Search info
21. End up - Result
22. Drop off - Deliver
23. Bring in - Introduce
24. Make up - Invent
25. Pass out - Faint
26. Keep on - Continue
27. Go over - Review
28. Turn on - Activate
29. Point out - Highlight
30. Look after - Care for
31. Go up - Increase
32. Get along - Relate
33. Act up - Misbehave
34. Use up - Consume
35. Hang out - Relax
36. Check on - Monitor
37. Look back - Reflect
38. Take in - Absorb
39. Do over - Repeat
40. Set up - Arrange
41. Look out - Watch
42. Give in - Yield
43. Write down - Note
44. Hand in - Submit
45. Bring along - Accompany
46. Step down - Resign
47. Zone out - Lose focus
48. Grow up - Mature
49. Carry on - Continue
50. Go away - Leave
51. Eat out - Dine
52. Account for - Explain
53. Turn off - Deactivate
54. Work out - Solve
55. Take up - Begin
56. Drop by - Visit
57. Call off - Cancel
58. Show up - Arrive
59. Set off - Start
60. Hold on - Wait
61. Turn down - Reject
62. Put away - Store
63. Pick up - Collect
64. Go on - Continue
65. Back down - Retreat
66. Check in - Register
67. Bring along - Accompany
68. Pass out - Faint
69. Bring in - Introduce
70. Find out - Discover
71. Take off - Depart
72. Keep on - Continue
73. Break up - Separate
74. Run out of - Deplete
75. Wake up - Awaken
Want a skill that can double your salary?
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Banda Global Consults (BGC) helps ambitious scholars and professionals rise with clarity, strategy, and global impact.
Join The BGC Network: an exclusive global community for growth, accountability, and execution:
Use a free VPN in case in your location isn’t supported….
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If you are Interested in these Tech career paths, please state it below and I'll share with you free courses to start!
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Back to this, after one year.
9th video of my IAS 12 tax accounting course.
Topic: Tax base without a carrying amount.
It’s 15 mins and 12 secs.
https://t.co/ZuIKB87rK2
https://t.co/mAa18GNplJ
This is the portal for student registration.
You can also pay directly in the portal. It's all easy. Just make sure you're copying the reference number as needed.
This page would also guide you: https://t.co/AsUcvVLlSP
Just to add, here’s a folder containing past questions from top firms like EY, PWC, GTB, KPMG, UBA and Aptitude tests prep materials. This was shared by a member of the WLB Careers community.
You can access the documents via the link below👇🏽
https://t.co/5UBlHx46Sr
All the best 👍
I strongly recommend everyone to gift their younger ones access to the Educare platform to prepare for their exams going forward; https://t.co/0tbmFjDhN8
Those who used it to prepare for their JAMB exams this year shared their amazing testimonials. It also contains preparatory tools for other exams like JAMB, WAEC, SAT, IGCSE, BECE.