Paul Acè Adésólá

[CooperBaggs 💰🍞 @edgaralandough]

NOBODY WARNED ME AT 32. SO I'M WARNING YOU.
(Write these down. Save them. Screenshot them.)

1. Your parents are not background characters.

[Sam Adeyemi @sam_adeyemi]

Leadership begins with character. People may admire talent, skill, or success, but trust is what makes them follow you. Without character, leadership eventually collapses. It is non-negotiable. Lead with integrity today. Enjoy your day. #Leadership #Character #SamAdeyemi #Growth #LeadWithCharacter

[Paul Acè Adésólá @or2bz]

@fridayy should make a remix of Wait For Me featuring @adekunleGOLD.

Imagine his voice on that song.

[gst @wearegst]

Despite producing double the cement Nigeria needs, three companies control the market and have hiked prices to 15,000 naira per bag, making home ownership an impossible dream for you.

[AdisaOlashile @adisaolashile]

I need your help guys .
I’m having my first Solo exhibition opening in Lagos today and I don’t have anyone coming to view it yet , please if you are in Lagos , kindly come see my art , it’s free entry. I hope this blows up 🙏🏽❤️

[Paul Acè Adésólá @or2bz]

@RealXavier011 What happened to d ponmo?

[Paul Acè Adésólá @or2bz]

@Pamilerin @gamerwalt Plenty people don't.

Descriptions and reviews reading, very important.

[Paul Acè Adésólá @or2bz]

Do you remember when you joined X? I do! #MyXAnniversary

[Paul Acè Adésólá @or2bz]

@IfeDada2 Shout out to your dad.!

[Paul Acè Adésólá @or2bz]

@AyobamiOmo9364 @EverythingCar_X @ichieEmy @WilJay_1 Thank you for asking gee. Those dt answered thank u guyz too o

[Paul Acè Adésólá @or2bz]

Abeg, which building de on fire for Marina area?

[Paul Acè Adésólá @or2bz]

Everything about BlownBoy Ru's Mohamed Alli (can't relate) is sweet.
"You go get nightmare if you sleeping on us,
I swear you won't even get to sleep" .

[LIMOBLAZE OMO JESU @Limoblaze]

Help this song find its audience.
If you see this, Retweet 🤍

[Paul Acè Adésólá @or2bz]

@rxbiugarba Shout-out to Amina! If you like no shoot your shot o

[Paul Acè Adésólá @or2bz]

Uncle @ALIBABAGCFR 👀 👀

[Taiwo Oyedele @taiwoyedele]

𝐅𝐈𝐅𝐓𝐘 (50) 𝐓𝐀𝐗 𝐄𝐗𝐄𝐌𝐏𝐓𝐈𝐎𝐍𝐒 𝐀𝐍𝐃 𝐑𝐄𝐋𝐈𝐄𝐅𝐒 𝐓𝐇𝐀𝐓 𝐖𝐈𝐋𝐋 𝐁𝐄𝐍𝐄𝐅𝐈𝐓 𝐓𝐇𝐄 𝐌𝐀𝐒𝐒𝐄𝐒 𝐔𝐍𝐃𝐄𝐑 𝐓𝐇𝐄 𝐍𝐄𝐖 𝐓𝐀𝐗 𝐑𝐄𝐅𝐎𝐑𝐌 𝐋𝐀𝐖𝐒

From 1 January 2026, the new tax laws will provide many reliefs and exemptions for low-income earners, average taxpayers, and small businesses including:

𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐈𝐧𝐜𝐨𝐦𝐞 𝐓𝐚𝐱 𝐨𝐫 𝐏𝐀𝐘𝐄

1. Individuals earning the national minimum wage or less (exempt)
2. Annual gross income up to ₦1,200,000 (translating to about ₦800,000 taxable income) is exempt
3. Reduced PAYE tax for those earning annual gross income up to ₦20 million
4. Gifts (exempt)

𝐀𝐥𝐥𝐨𝐰𝐚𝐛𝐥𝐞 𝐃𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧𝐬 & 𝐑𝐞𝐥𝐢𝐞𝐟𝐬 𝐟𝐨𝐫 𝐢𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥𝐬

5. Pension contribution to PFA
6. National Health Insurance Scheme
7. National Housing Fund contributions
8. Interest on loans for owner-occupied residential housing
9. Life insurance or annuity premiums
10. Rent relief - 20% of annual rent (up to ₦500,000)

𝐏𝐞𝐧𝐬𝐢𝐨𝐧𝐬 & 𝐆𝐫𝐚𝐭𝐮𝐢𝐭𝐢𝐞𝐬 - 𝐄𝐱𝐞𝐦𝐩𝐭

11. Pension funds and assets under the Pension Reform Act (PRA) are tax-exempt.
12. Pension, gratuity or any retirement benefits granted in line with the PRA
13. Compensation for loss of employment up to ₦50 million

𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐆𝐚𝐢𝐧𝐬 𝐓𝐚𝐱 (𝐂𝐆𝐓) - 𝐄𝐱𝐞𝐦𝐩𝐭

14. Sale of an owner-occupied house
15. Personal effects or chattels worth up to ₦5 million
16. Sale of up to two private vehicles per year
17. Gains on shares below ₦150 million per year or gains up to ₦10 million
18. Gains on shares above exemption threshold if the proceed is reinvested
19. Pension funds, charities, and religious institutions (non-commercial)

𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐈𝐧𝐜𝐨𝐦𝐞 𝐓𝐚𝐱 (𝐂𝐈𝐓) - 𝐄𝐱𝐞𝐦𝐩𝐭

20. Small companies (turnover not more than ₦100 million and total fixed assets not more than ₦250 million) pay 0% tax
21. Eligible (labelled) startups are exempt
22. Compensation relief - 50% additional deduction for salary increases, wage awards, or transport subsidies for low-income workers
23. Employment relief - 50% deduction for salaries of new employees hired and retained for at least three years
24. Tax holiday for the first 5-years for agricultural businesses (crop production, livestock, dairy etc)
25. Gains from investment in a labeled startup by venture capitalist, private equity fund, accelerators or incubators 

𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐋𝐞𝐯𝐲 - 𝐄𝐱𝐞𝐦𝐩𝐭

26. Small companies are exempt from 4% development levy

𝐖𝐢𝐭𝐡𝐡𝐨𝐥𝐝𝐢𝐧𝐠 𝐓𝐚𝐱 - 𝐄𝐱𝐞𝐦𝐩𝐭

27. Small companies, manufacturers and agric businesses are exempt from withholding tax deduction on their income
28. Small companies are exempt from deduction on their payments to suppliers

𝐕𝐚𝐥𝐮𝐞 𝐀𝐝𝐝𝐞𝐝 𝐓𝐚𝐱 (𝐕𝐀𝐓) - 0% 𝐨𝐫 𝐄𝐱𝐞𝐦𝐩𝐭

29. Basic food items - 0% VAT
30. Rent - Exempt
31. Education services and materials - 0% VAT
32. Health and medical services
33. Pharmaceutical products - 0% VAT
34. Small companies (≤ ₦100m turnover) are exempt from charging VAT
35. Diesel, petrol, and solar power equipment - VAT suspended or exempt
36. Refund of VAT on assets and overheads to produce VATable or 0% VAT goods and services
37. Agricultural inputs - fertilizers, seeds, seedlings, feeds, and live animals
38. Purchase, lease or hire of equipment for agric purposes 
39. Disability aids - hearing aids, wheelchairs, braille materials
40. Transport - shared passenger road transport (non-charter)
41. Electric vehicles and parts - exempt
42. Humanitarian supplies - exempt
43. Baby products 
44. Sanitary towels, pads or tampons
45. Land and building

𝐒𝐭𝐚𝐦𝐩 𝐃𝐮𝐭𝐢𝐞𝐬 - 𝐄𝐱𝐞𝐦𝐩𝐭

46. Electronic money transfers below ₦10,000
47. Salary payments
48. Intra-bank transfers
49. Transfers of government securities or shares
50. All documents for transfer of stocks and shares

Share this good news with everyone you care about who needs to know. 

𝐈𝐍𝐅𝐋𝐔𝐄𝐍𝐂𝐈𝐍𝐆 𝐅𝐎𝐑 𝐆𝐎𝐎𝐃

Nominate a content creator who’s been educating their audience about Nigeria’s new tax reform laws or someone you’d like to see do so.

We’ll be selecting the top 20 creators with the most nominations for a special training to help them share accurate, balanced, and useful tax information with their followers.

Misinformation spreads fast, often to the author’s benefit but to the audience’s loss. Accurate information may travel slower, but it empowers everyone, and earns lasting trust.

Tag or mention your favourite influencer to nominate or fill the nomination form https://t.co/D9EeMyy0gL. Nomination closes on 9 November 2025.

- 𝘗𝘳𝘦𝘴𝘪𝘥𝘦𝘯𝘵𝘪𝘢𝘭 𝘍𝘪𝘴𝘤𝘢𝘭 𝘗𝘰𝘭𝘪𝘤𝘺 & 𝘛𝘢𝘹 𝘙𝘦𝘧𝘰𝘳𝘮𝘴 𝘊𝘰𝘮𝘮𝘪𝘵𝘵𝘦𝘦

[Paul Acè Adésólá @or2bz]

@_BarnyO Trouble

[Paul Acè Adésólá @or2bz]

Very true

[Dayo Onajide @oladayo10]

@Mochievous Oh yeah!!!!

Too many people live and die in Lagos without EVER seeing Lagos!!!

All most get to see is work, traffic, home, mosquitoes and church.😎😏🙄

[Paul Acè Adésólá @or2bz]

@moyosorecashogi If i hear?

[Paul Acè Adésólá @or2bz]

@moyosorecashogi Abana TinTin!!! Keep prospering man!