Iyke💻

Cyber security enthusiast || Swimmer🏊‍♂️ || Student || on @playsomo | $SOMO

[Iyke💻 @Phu7Ur3]

And finally I have seen the Next President of Nigeria 🙌😩😍. The joy is more than I can say...... Futminna having exam on the 24th of February can't still stop me from voting.....Peter is who we want
@AishaYesufu
#PeterObi4President2023
@PeterObi
#ObiDattiInNiger

[Iyke💻 @Phu7Ur3]

@utdmax0 Antoine greizman

[Iyke💻 @Phu7Ur3]

@Chartoiseer @Iamofficialjoe @DanielRegha in everything you wrote, you're the senseless here

[Citizendataanalyst🔢 @victoria_echezu]

My name is Victoria
I’m a Data Analyst

I use data to tell stories that drive smarter decisions.

[Iyke💻 @Phu7Ur3]

@aboveDvoid @jon_d_doe 😂😂😂from someone named "skyprince"

[Iyke💻 @Phu7Ur3]

@aboveDvoid @jon_d_doe closed space

[Iyke💻 @Phu7Ur3]

@aboveDvoid @jon_d_doe you mumu sha, some ladies go say them no de de comfortable coming to a man's house if they never too know well......or going to a lodge with him, so it's either her place or maybe an eatry, and they probably would have gone to an eatry multiple times, so the guy might just want

[Mr. Czar @Mrczar_]

Dear APC supporters, that Bwale video is actually how you all sound on this app everyday. Use it as a mirror.

[Olayinka 🇳🇬🇺🇾 @mickoly]

This is the best edited video about the Daniel Bwala shameful interview.

Wheoever edited this video needs to be compensated.

Daniel Bwala is the most shameless human alongside Reno Omokri.

[Iyke💻 @Phu7Ur3]

@lfc_lance BELLINGHAM

[Amber 😘💋 @TheRealCEOAmber]

@itsSh0la I disagree with you. Na even the poor person go bring out him last card to spend with you why the rich person go dey stingy around 😂

[Iyke💻 @Phu7Ur3]

@orzoya_ @vcnwafor @saniyusuf It's not even a "temporary solution" it's stupidity

[Tcash_FPV @Tcash36ixty]

@vcnwafor @saniyusuf

[Corruption-Hater @CorruptionIzBad]

#TinubuIsACriminal and a fool, idiot! We will protest, yes, we will..... Wake up, Nigerians, we can do this on October 1.

When you see this just repost 🙏🙏🙏🙏

[Iyke💻 @Phu7Ur3]

@Austynreingz @Brainsofweb3 😂😂😂

[Kalu Aja @FinPlanKaluAja1]

New Tax Reform

If you earn personal income below N800,000, you pay zero income tax

Your company has a turnover below N50m, and you pay zero corporate income tax

The significant change under this tax law is that you have to invest or make certain purchases to avoid taxes legally

Tax avoidance is legal, tax evasion is illegal

Under current law (until December 31st 2025), you get 20% of gross income plus a N200k or 1% of gross, whichever is higher, as tax relief automatically; the new law does not make this automatic, you have to invest to claim a deduction

Invest in what?

1. Open and contribute to a Retirement Savings Account
2. ⁠Buy life insurance for you and your spouse
3. ⁠Open and contribute to the National Health Insurance Scheme
4. ⁠Open and contribute to the national housing fund
5. ⁠If you pay rent, you get 20% relief on rent paid, subject to a cap of N500,000

Scenario

So I am unemployed, my uncle in the US sends me $100 paid to my Nigerian bank current account

1. Do I pay income tax? On N100,000 paid into my account? No, below N800,000, but I pay other taxes like VAT, electronic transfer

2. I buy BTC with my N100,000, sell for N200,000, make N100,000 profit, do I pay income tax on N100,000? No, below N800,000, but I pay other taxes like VAT, electronic transfer

3. I buy BTC with my N100,000, sell for N2,000,000, and make N1,900,000 profit. Do I pay income tax on N1,900,000 profit? Yes, income above N800,000, plus I pay other taxes like VAT, and electronic transfer

4. ⁠I buy BTC with my N100,000, but under my company name, sell for N2,000,000, and make N1,900,000 profit. Do I pay income tax on N1,900,000 profit? No, profit made under the company name, but I pay other taxes like VAT, and electronic transfer

5. ⁠Does my business pay tax on N1,900,000 profit? No, turnover less than N50m, but the company pays other taxes like VAT, electronic transfer

Do you have a registered company?

What should you do next? Get tax advice.

6. Gather your friends, contribute money, and hire a tax professional to speak to your “club” and pay the fees.

7. Hire an accountant

Tax is not a Twitter discussion

[Morris Monye @Morris_Monye]

Every single influencer in Nigeria earning from YouTube, TikTok etc will cry by January 2026 when these tax implementation starts

[Tomi @tomiwebstr]

nigerians haven’t fully deeped this tax thing yet, maybe that’s why everyone’s still a bit calm about it

[Iyke💻 @Phu7Ur3]

@Classicmancode @_ManLikeAJ The country when she's done or probably have a very good paying work also waiting for her because definitely they're richhh....and if she don't want to work anymore, stopping is what she'll do, but the option of not wanting to work again for such a job is close to impossible.

[Iyke💻 @Phu7Ur3]

@Classicmancode @_ManLikeAJ Bread winner of their family? As the bread winner that just graduated 500k self per month won't sustain the supposed family? How were they surviving before when she was in school..and if she was collecting 300k as allowance then she's well to do and her father go send her outside

[Omar little @_ManLikeAJ]

@callmeberyl you underestimate the desperation of a fresh graduate that’s been living off allowances from his/her parents for 4/5 years