ope @arstute
All views are personal and mine only ubiquitous Joined November 2009-
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๐๐ข๐ ๐๐ซ๐ข๐'๐ฌ ๐๐๐ฑ ๐๐๐๐จ๐ซ๐ฆ ๐๐๐ฐ๐ฌ ๐๐๐ฏ๐ ๐๐๐๐ง ๐๐ฎ๐๐ฅ๐ข๐ฌ๐ก๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐๐ข๐๐ข๐๐ฅ ๐๐๐ณ๐๐ญ๐ญ๐ Enacted on 26 June 2025, the new tax laws are, the - 1. Nigeria Tax Act, 2025 (NTA) 2. Nigeria Tax Administration Act, 2025ย (NTAA) 3. Nigeria Revenue Service (Establishment) Act, 2025 (NRSEA) 4. Joint Revenue Board (Establishment) Act, 2025 (JRBEA) Key highlights include: ๐ฏ๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐ ๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐ - 0% tax for a small company, defined under the NTAA asย having an annual turnover not exceeding N100m with a total fixed assets less than N250m. ๐ณ๐๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐ ๐๐๐๐ ๐๐๐ ๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐ โ Provisions to enable the reduction of tax rate from 30% to 25% for large companies effective from a date as may be determined in an Order by the President on the advice of the National Economic Council. ๐ฏ๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐ ๐๐๐ ๐๐๐-๐๐ ๐๐๐ โ Exemption threshold of N50b revenue for local firms andย โฌ750m equivalents for multinationals. ๐ฌ๐๐๐๐๐๐๐ ๐ ๐๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐ - Tax credit at the rate of 5% per annum for eligible priority sector investments. ๐ท๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐ ๐๐ ๐ต๐๐๐๐ย - Option to pay taxes on foreign currency transactions in Naira at the prevailing exchange rate in the official foreign exchange market. ๐ช๐๐๐๐๐๐๐๐๐๐๐ย - The NTA and NTAA will commence onย 1st January 2026 while the NRSEA and JRBEA have a commencement date of 26 June 2025 to ensure readiness of the relevant institutions ahead of full implementation in 2026. ย Download copies of the laws here:ย bit.ly/NewTaxReformAcโฆ
@StanbicIBTC @nazacleancode So we now have to call you out to respond to our dms and treat failed transactions
@StanbicIBTC Kindly respond your your dm @StanbicIBTC
Video 1: Actress Chioma Akpotha claiming she was attacked by thugs and how she escaped. Video 2: An eyewitness,saying the direct opposite of Chioma's claims. What's wrong with most YEYEBRITIES & unnecessary lies just to whip up sentiments.
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You see how a power drunk leadership has pushed a peaceful protest in to guerilla type war. Can the army be everywhere at a time , you have 11million youth in Lagos, you thought they will just run and hide?? with all the unemployment and poverty you lot created. #EndSARS
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