Tosin Samuel

Building, learning, and sharing.

[Tosin Samuel @tosinancial]

Until it’s a Video of Christian Children Praying or worshipping and then you will remember their mates are Creating Robots in China or Fighting war in Afghanistan.

Hypocrisy will be the end of you.

[Tosin Samuel @tosinancial]

@Usmanashafe The Lady Complaining is Yoruba…. It’s a skit

[Tosin Samuel @tosinancial]

@Brightgoldenboy @PoliceNG_CRU @PoliceNG @Princemoye1 @jossyadeh Arrested for Reckless driving …

Why are you dragging their parents into it?

Their parents ought to sue you

[Tosin Samuel @tosinancial]

@Usmanashafe So everyone is dry in Nigeria ?

[Tosin Samuel @tosinancial]

Nigerians think they pluck money on trees in other countries

[Gossip Mill Nigeria @GossipMillNaija]

Just in: “in Nigeria there is no work for the youths and we are suffering, this is what I do for a Living, I don’t want to steal”- Nigerian man who transports timber All the way from Niger Delta to lagos via water reveals

[Tosin Samuel @tosinancial]

@MissGijae But you didn’t purchase it… you only paid 25k for one month subscription and the router was installed in your house.

[Tosin Samuel @tosinancial]

This Guy is a Mole, don’t be surprised if you see corn in his pocket.

He is trying so Hard to De-Market Peter Obi.

Obi, should avoid interviews going forward.

Aso Rock… here we come

[oseni rufai @ruffydfire]

Obi on student loans

[Tosin Samuel @tosinancial]

@jon_d_doee Looks like a skit

[Tosin Samuel @tosinancial]

@OLORUNFEMI_MO @Letter_to_Jack The fact that it’s bought in companies name doesn’t give it the allowability criteria.

Is it Wholly, Exclusively and necessarily for the purpose of the business? Anything short of that is disallowed:

& there is substance over form, D taxman knows when you are trying to b smart

[Tosin Samuel @tosinancial]

@OLORUNFEMI_MO @blue_resolve @Letter_to_Jack He can’t defend buying 2-4 Cars for the CEO as a Business expense for the size of his company.

Have you ever been gone through any Tax Audit?

[Tosin Samuel @tosinancial]

@OLORUNFEMI_MO @Letter_to_Jack Considering the fact that he Just unveiled a GAC just recently too, claiming the company gifted him.

GAC, Escalade… I am sure he will still buy more within the year.

The Tax Man will add back all those cost and charge his Tax. It’s the Substance of the Transaction not the Form

[Tosin Samuel @tosinancial]

@OfficialAbey @Letter_to_Jack You are right, But If the Car is a Gift to Him meaning, he is the owner, as he stated, he won’t be able to claim Capital allowance. However, he will have to pay 5% of the Value of the Car as BIK …
Recently, he claimed he was gifted GAC too, no sensible tax man will allow that.

[Tosin Samuel @tosinancial]

@blue_resolve @Letter_to_Jack You are right… It can either be Gift or Official Car.
However, 2 weeks ago, He posted a GAC saying the Company gifted him, just like this one.
If he buys 5 cars for Himself, claiming it’s a gift, do you think NRS will allow it?

[Tosin Samuel @tosinancial]

@Elitemunger @Letter_to_Jack I know enough to comment on this matter. If you have ever been involved in Tax Audit, then you will understand what I am saying.

Assignment for you: Google the Meaning of Substance over form. Read very well on it.

[Tosin Samuel @tosinancial]

@Emmysuxess @Letter_to_Jack The Tax Man will always Check the substance of a Transaction and not Just the Form.

[Tosin Samuel @tosinancial]

@ejirogh3ne @Letter_to_Jack lol.

[Tosin Samuel @tosinancial]

@FatherReturneth @Letter_to_Jack Read the Caption again… it’s his company that gifted him the car. Which is BLord Group.

Now; the same company gifted him another car last week…

You are right, He pays tax nevertheless

[Tosin Samuel @tosinancial]

@ejirogh3ne @Letter_to_Jack Heard of Benefit in Kind ?

[Tosin Samuel @tosinancial]

@zidalama @Letter_to_Jack What don’t you get ?

The fact that he can’t totally escape paying tax ?

[Tosin Samuel @tosinancial]

@darihappyart @Letter_to_Jack Have you heard of Benefit in Kind ?

[Tosin Samuel @tosinancial]

@Emmysuxess @Letter_to_Jack You are right, but, he bought something like that last week or so and said the company gifted him and now an Escalade …

Let say he gets allowed, their is also benefit in kind