$HAMAR📈🐐

God is the Greatest💯🙌 || Mission on exploring the full potential of the web 3 space💯

[$HAMAR📈🐐 @shamar4real_]

I Will Be A Principality In this Crypto Space!

[$HAMAR📈🐐 @shamar4real_]

@uiuxzico @io_ernest What’s that boss?

[$HAMAR📈🐐 @shamar4real_]

@ExploreExp49604 @JServeson @bitget Mine has been showing validating since, did yours already complete?

[$HAMAR📈🐐 @shamar4real_]

@aiweb3finalboss Check Dm chief

[$HAMAR📈🐐 @shamar4real_]

@Lfgdeep Mine isn’t showing me to onboard, what could be the problem?

[$HAMAR📈🐐 @shamar4real_]

@4onlyme444 Big man, mine isn’t letting me onboard…. Like that part that’s supposed to show continue onboarding isn’t showing it

[Egeneonu Chidera (CEO) @TradeWithJurix]

I no wan hear say dem arrest any of my guys because of tax wahala from next year oh!

Sha here’s everything you need to understand; the new tax law, and how to reduce what you pay...

➤ What changed?
The new tax regime merges Personal Income Tax (PIT) and Capital Gains Tax (CGT).
This means even profits from assets (like crypto or shares) are now taxed using the same income tax rates.
The old flat 10% CGT rate is gone.

➤ Who does this affect?
Individuals and businesses in Nigeria, including freelancers, traders, and anyone receiving money into their accounts.
So if you’re earning from crypto, remote jobs, or side gigs, you fall under this too.

➤ The new income bands (from KPMG):
₦0 – ₦800,000 ➤ 0%
₦800,001 – ₦3,000,000 ➤ 15%
₦3,000,001 – ₦12,000,000 ➤ 18%
₦12,000,001 – ₦25,000,000 ➤ 21%
₦25,000,001 – ₦50,000,000 ➤ 23%
Over ₦50,000,000 ➤ 25%

These are progressive, meaning the more you earn, the higher the tax on the extra portion you earn.

➤ Simple example:
Let’s say you earn ₦5,000,000 a year.

Your first ₦800,000 ➤ 0% tax
₦800,001 to ₦3,000,000 ➤ 15% tax
₦3,000,001 to ₦5,000,000 ➤ 18% tax

You don’t pay 18% on the full ₦5M but only on the portion that falls into that band.
So, your total tax is a mix of different rates, not one flat rate.

➤ How to reduce taxable income (legally):
Tax avoidance ≠ tax evasion.
Tax avoidance means using legal ways to pay less tax.

Ways to reduce taxable income:
➤ Claim allowable deductions (pension, NHF, health insurance)
➤ Register as a business and separate personal expenses
➤ Keep receipts and records
➤ Use tax reliefs properly

➤ How crypto will be taxed:
Profits from buying and selling crypto now fall under Capital Gains Tax rules which means they follow the same income bands above.
If you trade, your profits (not your total inflow) are taxed.

So if you receive ₦5M but only made ₦500k profit, tax applies to ₦500k — not ₦5M.

➤ How businesses are taxed:
➤ Small businesses (under ₦25M turnover) ➤ 0%
➤ Medium (₦25M–₦100M) ➤ 20%
➤ Large (above ₦100M) ➤ 30%

Companies also pay 10% withholding tax on dividends distributed to owners.

➤ Key takeaway:
Tax isn’t to punish rather it’s to formalize.
But you must understand it to avoid mistakes.
Track your inflows, file early, and learn what’s deductible.

➤ Understanding the ₦800k rule
Many people ask if tax starts from ₦800k.
Yes, because everyone gets a tax relief first: ₦200,000 or 1% of income (whichever is higher) + 20% of your income.
So, if you earn ₦800k or less per year, your relief cancels your tax, you pay ₦0.
You only start paying once you go above ₦800k.

➤ Final advice:
Avoid tax evasion because it’s illegal and punishable.
But practice tax avoidance, structure your income smartly.

As crypto grows and inflows rise, it’s better to stay compliant and informed. I’ll be keeping more of my assets in crypto and I’ll @usejurix_ to exchange my fiat to stables.

Have a wonderful week.

GM GM!!!

[$HAMAR📈🐐 @shamar4real_]

@ExcelWinifred @B_chrislam @ProphetJoelO @crepebnb On which exchange or wallet?

[$HAMAR📈🐐 @shamar4real_]

@Samuelpoly1010 @apostlegideona @ProphetJoelO @crepebnb Which exchange can we get it?

[OHJAY ⭕️ || 🇬🇧 @Ohjayy]

Degen changed my life and it’s something I’m ever grateful for.

In Dec 2023, I Funded 0.1SOL ($12 at the time) on phantom and flipped it to over $15k.

Continued in 2024, flipping major trendy coins like $POPCAT, $WIF, $AURA etc

I did the same magic again with off recent with $USELESS where I flipped $3k to $200k in a space of weeks

These are not impossible tasks, and we can repeat this over and over again. Well this is a wake up call, cos we’re going to do it again.

This time publicly with a live wallet. 1 sol and a dream is coming soon to your TL and you wouldn’t dare miss out.

Blink and you might miss it

[$HAMAR📈🐐 @shamar4real_]

@Maduka1008 @DanielRegha E go still low😪

[Chivita FX🎖 @Chivita_fx]

Maturity is realizing your distractions and starving it..
Stop scrolling and start reading ..
The road to success seems boring..
Success isn’t built by luck, rather by years of labor and hard work.
Reading birth-fourth knowledge

Start reading NOW!!

[Chivita FX🎖 @Chivita_fx]

You don’t need to catch every move,

You don’t need to trade everyday..

You just need to be available once the market creates an opportunity that bests matches your criteria..

That way, you can avoid major losses

TRADE SMART GUYS 🫶

[Chivita FX🎖 @Chivita_fx]

Stop seeking for Attention,
Become a man of value and you presence will be needed 📌

[C W E  @CWEmbassy]

DEGEN CALLER OF THE YEAR

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