I hate hate Hate it when Nepa flashes the light, especially when the generator was on. What exactly was your intention? If you won't keep the light don't f-ing flash it. ๐๐ก๐ก
#Nepa light
Nigeria
2027
@aproko_doctor I hate hate Hate it when Nepa flashes the light, especially when the generator was on. What exactly was your intention? If you won't keep the light don't f-ing flash it. ๐๐ก๐ก
ICYMI: I just watched a 28mins interview on YouTube about the NEW TAX REFORM in Nigeria ๐ณ๐ฌ
And here are my key lessons:
1. Narration does not prevent the payment of tax , It only help you to keep record, in case government come for you.
2. A lot of works is still in place to make sure that, we analyze our income and pay our taxes as legal citizens
3. Only income more than 100M naira/ year will be taxed
4. Not all income more than 100M naira /year will be taxed e.g Agriculture and manufacturers
5. Crypto and dollar earners wonโt be taxed if they donโt earn more than 100M per year
6. Crypto earners that earn more than 100M per year will now be able include there losses when calculating for their tax to pay and remove the losses from their earnings
7. The government expect you to come forward, let the government know what you are doing. Then narration will help to keep record of what the money is meant for, while you keep record (receipts) of what you use the money to purchase.
For more details, watch the video on YouTube here https://t.co/Hx6mhvPddo
Nigeria's 2026 tax reform conversations are everywhere, and the confusion is real.
Youโve probably heard the rumors about โavoiding tax through transaction narrationsโ ๐ . We're here to clear the confusion and walk you through what it really means.
#Tax#VAT