king Black

Creative | Fashion stylist | Talent Manager | Law Student

[Justin Ugonna @JustinUg_]

✭ Please watch Call Of My Life so @UzoamakaPower and @andrewbuntinggh can stop stressing me out 🙏🏾😭 #COML

[king Black @kingBla_ck]

Big brother Nigeria auditions opened up two days ago and audition slots are all filled up.
This raises many thoughts.
1. Is reality tv the most sought after form of entertainment?
2. Why are so many people so comfortable with being on reality tv?

[Ụzọamaka Power @UzoamakaPower]

CALL OF MY LIFE IS OUT NOW IN CINEMAS NATIONWIDE!!!!!!!!
EVERYONEEEEEE!!!! LET’S GO SEE THIS FILM SO WE CAN MAKE MONEY AND THEY CAN PAY US TO WRITE AND MAKE MORE GORGEOUS STUFF!!!
GO AND WATCH IT TODAY OOOOOOOOOO!!!!!!!!!!! #COML

[Blessing Uzzi @blessinguzzi]

Many of the comments on Call Of My Life have been about how good it looks. This is the man behind the camera- Muhammad Attah. We have been collaborators for a while now, his dedication to the work is unmatched. Top guy. Catch Call Of My Life in cinemas, May 15th!
#COML

[Ụzọamaka Power @UzoamakaPower]

i love existing
in the same space as you.❤️
come watch us from May 15th🥹
it’s CALL OF MY LIFE SZN!!! #coml

[The Lord's storyteller @LajuIren]

When you see this, please retweet and say ONOBIREN! See cinematography nau! We need 2k retweets on this please!

First official trailer for sweet film, out in cinemas on March 6th!

Thank you!

[CHIMEZIE IMO @CHIMEZIE_IMO]

Bail is Free
From The Monologue Room Volume 1
Writer – Brookes Eti-Inyene @4eyedbrookes
Director – Fatimah Binta Gimsay @fatimahgimsay
Cinematographer/Creator– Nora Awolowo @Noraawolowo
Producer – @nicole_ofoegbu
Gaffer – @_ona.o ; @di.gaffergirl
Camera Operator – @olu____wole

[CHIMEZIE IMO @CHIMEZIE_IMO]

ForReal ForReal
Happy new year

[king Black @kingBla_ck]

@theeobg 🔥🔥🔥

[orgnlbadguy @theeobg]

brent's cut.

coming to a dsp near you ⏰

[Global Index @TheGlobal_Index]

@AsakyGRN A newlywed couple fought with lightsabers at their wedding instead of doing the traditional wedding dance. 😂

[CHIMEZIE IMO @CHIMEZIE_IMO]

Sometimes I laugh, me, AMVCA Trailblazer?

Me wey shege trail for Lagos! From endless auditions.

But I stayed, acting on my dreams.

@mikeafolarin knows the story na but Progress is for those who are ready to play the lead role in their own story.

#MadeForYourProgress

[king Black @kingBla_ck]

@CHIMEZIE_IMO @mikeafolarin Growth

[king Black @kingBla_ck]

A project i laughed so hard while styling and directing 😂😂

[king Black @kingBla_ck]

@borlah_m I need this bag in black

[reporting for duty. @nathanlately]

I don’t think she knows how impactful this clip/ideology is.

[Akpor Ikogho @legal_padi]

From the Boardroom, We’ll be discussing Withholding tax (WHT)

The Federal Government, through its Ministry of Finance, recently gazetted the Deduction of Tax at Source (Withholding) Regulations, 2024.

Its enforcement is set to commence on the 1st of January 2025. This regulation is poised at promoting the ease of doing business in the country; hence, let’s demystify what the concept of WHT is all about.

Withholding tax is a kind of tax that is deducted at the source of income before a party receives his payment. Thus, it is not paid directly by the recipient of that income; hence, the party paying for that service withholds a certain percentage of the total payment and remits it to the appropriate revenue authority.

For example, if Company A contracts Company B to deliver goods and the total cost of the transaction is 500,000 Naira, Company A deducts 10,000 Naira as tax and remits to the FIRS and pays Company B the sum of 490,000.

RATES

The rates for WHT differ based on the transaction. For example, the rate for resident professional, management, and technical services is pegged at 5%, while the tax rate for resident services supply of goods is fixed at 2%.

These rates can be found in the First Schedule of the 2024 Regulations.

KEY TAKEAWAYS FRKM THE REGULATIONS

Perhaps the standout highlight from the 2024 Regulations is that small companies and unincorporated bodies with a gross turnover of 25 million Naira or less are exempt from deducting WHT on transactions up to 2 million Naira if the supplier has a Tax Identification Number.

Also, some of the applicable rates have either been increased or decreased depending on the kind of transaction, e.g., withholding tax on payment to a non-resident for the construction of roads, bridges, buildings, and power plants has been hiked from 2.5% to 5%.

WHAT DOES THIS MEAN FOR YOU AND YOUR BUSINESS?

Business owners ought to get acquainted with the next taxing rates, timelines, and regime as prescribed by the 2024 Regulations to achieve optimum tax compliance and fully tap into the benefits that come with this new policy.

However, due to the blistering economic hardship in the country, it has been voiced out from several quarters of the nation that the threshold of small companies set at 25 million Naira is quite low and should be increased to 50 million gross turnover. If this is implemented, it’ll bring a much-needed respite in the Nigerian business landscape.

See you next time.

[THE KINE 🌕🖤 @asher_kine]

IT’S SICKLE CELL AWARENESS MONTH!

[Nigeria Stories @NigeriaStories]

“How will this National Anthem bill help to solve hunger, insecurity?”

~ Senator Ahmad Satomi asks the senate