NewStats: 3,259,326 , 8,169,819 topics. Date: Saturday, 24 May 2025 at 05:25 PM 335k1s6z3e3g |
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Federal Government to resume sucking ogoni resources after 30 years, without nothing to give back to the community or the nation. Bunch of greedy lazy old politicians. 7 Likes |
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Tinubu's State of Origin. They ought to have put one SE/SS State there, so that the ronus can see something to masturbates on. |
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femi4:Not really. Election glitches=No Re run Jamb glitches=Re seat |
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OviOrunmila:Baba is tired of defending the calamity they brought to power. So he dey do hide and seek. |
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Even without the election being rig by Tinubu,wike will never win. Who won vote for am ![]() 4 Likes 1 Share |
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"The Nigerian Senate has ed all four of President Bola Tinubu’s proposed tax reform bills, marking a significant overhaul of the country's fiscal framework. These bills aim to modernize tax istration, enhance revenue collection, and ensure a more equitable distribution of tax proceeds across federal, state, and local governments. Key Provisions of the Newly ed Tax Bills 1. Establishment of the Nigeria Revenue Service (NRS): The Federal Inland Revenue Service (FIRS) will be replaced by the Nigeria Revenue Service (NRS), which will serve as the central authority for federal tax collection. The NRS will be governed by a board comprising a chairperson appointed by the President, an executive vice chairperson (subject to Senate confirmation), and six executive directors representing each geopolitical zone on a rotational basis. 2. Value Added Tax (VAT) Distribution Adjustments: The VAT rate remains at 7.5%; however, the distribution formula has been revised: Federal Government: Reduced from 15% to 10% States: Increased from 50% to 55% Local Governments: Remains at 35% For State allocations: 50% shared equally among all States 20% based on population 30% based on the place of consumption For local governments: 70% shared equally 30% based on population 3. Introduction of a 4% Development Levy: A new 4% development levy has been introduced to fund key national agencies, including: Tertiary Education Trust Fund (TETFUND) – 50% Nigerian Education Loan Fund (NELFUND) – 15% National Information Technology Development Agency (NITDA) – 10% National Agency for Science and Engineering Infrastructure (NASENI) – 10% National Cybersecurity Fund – 5% Defence Security Fund – 10% 4. Establishment of the Tax Appeal Tribunal and Tax Ombud Office: A Tax Appeal Tribunal will be established to handle disputes related to federal and state tax laws, aiming to enhance efficiency and credibility in tax dispute resolution. An Office of the Tax Ombud will be created to address taxpayer grievances and promote fairness in tax istration. 5. Enhanced Penalties for Non-Compliance: Stricter penalties have been introduced for tax non-compliance, including: Failure to : ₦100,000 in the first month, ₦50,000 for each subsequent month Failure to file returns: ₦200,000 in the first month, ₦50,000 for each subsequent month Failure to keep books: ₦10,000 for individuals, ₦100,000 for companies Failure to remit tax deducted at source: Up to three years imprisonment upon conviction Comparison with Previous Versions The Senate's version of the tax reform bills incorporates several significant changes from the versions previously ed by the House of Representatives: VAT Distribution: The Senate adjusted the VAT sharing formula, reducing the federal government's share and increasing the States' share, to promote greater fiscal federalism. Development Levy: The Senate introduced a 4% development levy to ensure sustained funding for critical national agencies, a provision not present in the earlier House version. istrative Reforms: The establishment of the NRS, Tax Appeal Tribunal, and Tax Ombud Office reflects a comprehensive approach to modernizing tax istration and dispute resolution mechanisms. These harmonized bills are now set to be transmitted to President Tinubu for assent, signaling a significant shift in Nigeria's tax policy landscape." The above 👆 is the highlights of the “FOUR TAX REFORM BILLS” just ed by the Senate for your information. 1 Like 1 Share |
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The Zone Bs are even tired of defending these propagandas of APC Government. Abeg what mannabbqgrill ![]() 1 Like |
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Cleared to be able borrow again for 2027 generation. Some urchins need to collect 2k for propagandas. |
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It's the greedy and selfish People, that only care for their stomach infrastructure that attacks P. O
9 Likes 1 Share |
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![]() Maybe he is yet to APC. Assuming he is a strong member of the Criminal club, nobody will hear this case again. APC and your sins will be forgiven..... Adams Osho Former APC National Chairman 90 Likes 8 Shares |
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Our commander in chief is busy recruiting people for 2027 general election. And the agbodorians are still okay with that. Posterity will surely judge them. 1 Like |
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Just as the skull mining and rituals are for the West, so is drug dealing is for the East. And Bandits/Terrorists group are for the North. Nigeria is in a disarray, and our Old/greedy politicians don't bloody care about it. |
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![]() Nothing consign APC Government to the killings, Tinubu is busy recruiting people for himself, just for 2027 general election. Bunch of Evil greedy old fools. |
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Smartcitizen: ![]() ![]() ![]() You mean like helinus 11 Likes 1 Share |
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Reno mockery is a nuisance, it's only the agbodorians that take him serious this day.
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The beating will reach everyone, let those ing evil continue ,Nigeria is a jungle nothing anybody fit tell me.
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Wuru wuru government. Wayo wayo government. What has lodging with woman got to do with his release. Another news for the APC urchins to be masturbating on top. 2 Likes |
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olioxx:Eye service. They should visit Plateau, Benue, Enugu and other states that herdsmen are ravaging. 1 Like |
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The Northern elders created BH to jeopardize Southern President.
2 Likes |
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![]() So are you going to increase the caution fee to another tenant ![]() 60 Likes 4 Shares |
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Lazy Youths, Niger Delta remain the least under developed region in this Nation. With all the resources in the land, it's really a big shame. 11 Likes |
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PUNANI01:Engineered by the robot, galvating in the corridor's of another man nation() |
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Anything possible to unseat bulaba, is a win
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Odewaleadesoye:Thanks so much for your kind words.its not easy |
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Tinubu!Please come to our aid, the Fulani herdsmen are killing the populace, no region is safe now. No matter what you felt we did to you, please help us. Seyi tell your papa, say insecurity is ravaging our land. 1 Like |
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It's not easy.
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