Dear Arsenal fans, you watched your team go 2nd three times in a row in the league and simply never gave up. We will be back to the final again soon enough, and we will win it.
NEW TAX IN NIGERIA (STARTING JANUARY 2026)
Simple explanation for everybody no grammar
Let me break it down like small pikin.
WHAT IS TAX?
Tax simply means:Government saying If you make money, small small help us with some.
❌ It is NOT:
Government stealing your money
Government collecting your savings
Government entering your bank to carry money
IF YOU ARE JUST A NORMAL PERSON for example Salary earner, trader, student, hustler.
If you don’t make much money, government will not tax you.
If you earn ₦800,000 or less in one year, YOU PAY ZERO TAX.
Example:
If you sell pure water, pepper, clothes, or you’re a student you are safe.
THEY WILL TAX MY BANK ACCOUNT ❌❌❌
THIS IS A BIG LIE.
Government CANNOT:
Take money from your bank
Tax your savings
Tax money people send you
They only tax income (money you work for).
Bank account is not taxable. Income is.
WHY THEY ARE ASKING FOR TIN
TIN means Tax Identification Number.
TIN is Your name tag, not your ATM pin.
Banks will ask for it so government can:
Know who is earning money
Stop rich people from hiding
TIN does not allow them to take your money.
IF YOU HAVE A SMALL BUSINESS like Business name / shop / online sales
Government looks at profit, not your capital.
Example: You sell goods for ₦500,000
You spend ₦450,000 on goods, rent, fuel, transport.
Your profit is ₦50,000
That small money is what tax looks at
If profit is small: You pay little or nothing.
They don’t tax stress. They tax profit.
IF YOU ARE A BIG BUSINESS / BIG EARNER
Yes — you will pay more tax.
And that is fair.
Reason be that those who have more should help more.
IF YOU COLLECT SALARY (PAYE)
If your company already deducts tax:
✔ nothing new
✔ no extra tax
✔ no double payment
You are already doing the right thing.
ONLINE WORKERS & SIDE HUSTLES
If you make money:
•online
•from abroad
•side hustle
You should declare it.
But know this that small earners are protected. nobody taxes your bank balance
THE TRUTH is, this new tax is not about punishing poor people.
It is about making rich people pay their fair share.
FINAL SIMPLE MESSAGE.
JAN 2026 TAX IN NIGERIA NO PANIC
• Low income earners pay ZERO tax
• Government cannot touch your bank savings
• TIN is for identification, not money collection
• Small businesses are protected
• Only profit and income are taxed
Fear comes from lies. Knowledge brings peace.