NewStats: 3,265,241 , 8,186,104 topics. Date: Saturday, 14 June 2025 at 02:54 AM 6w2v7

Can sm1 define tax for the OP?

What I feel is that the amount is a little too much. N25 maximum is fine

Tokt:
[s][/s]

Rubbish. Who is ur own dilector?
Again, if u are aggrived, go to court and lament there.
What the govt is doing is implementing existing laws and not creating new ones.

oga u beta kip quite and stop talking rubbish.this present goverment are hell bent on suffering the common man.I wonder y some nigerians defend this people that don't fucking care .or are u been paid.

Senseless post.

Enforcing a law is corruption ?

When all they read is headlines and whatever summary people give the body.



The eediots prefer to run to UK or Canada and go and pay tax but cut corners in Nigeria.

Yorubago:
LOL

OP

We all know this abeg


FTC


Before dem lalasticlala and co carry this thing to OP

*modified*

Don't take this to OP again lalasticlala

I am not the FTC again

Two men above me stole my position and I'll suffer them

No dinner for u tonight cos u missed FTC

idupaul:


I see your director has mandated you guys to intercept and engage any dissenting view.? 50 naira stamp duty is nothing but brazen thievery by the govt. .what have the done with VAT they collect on every single service and sale ... as a father if u need to improve urgent household will you tax the children's pocket money they got from you or you will strive to earn more from outside the home

Please FG is not your father. The earlier you understand that the better for you. You are complaining about 5% VAT where as you will pay 20% VAT in the UK.

It is your responsibility to pay tax to the government.

fotowmend:

some people would not see nor think. Is there anywhere in the world that government charges bank customers for using banks ? I am of the opinion that banks shoulddd be charged and not customers

Let me just share this to help you, if you do more than 5 transactions from any bank in the US, you will incur charges for subsequent transactions.

In Canada, Most of the banks have the 1st 10 transactions as free, subsequent one will incur charges.

At least, this are the one I know. So clearly, it is not only in Nigeria that customers pay for bank transactions.

To prevent this charges, most people use their Credit Cards and then use one transaction from their bank to pay it off.

Tokt:


U will be surprised that none in ur lineage have ever achieved what i have so far. Go to court if u are aggrived.

guy cool down,oga calm down wetin u don achieve?una go dey nairaland dey clame achievement and don't be surprise u never chop this night.

Super1Star:
Are you this daft!!!!

Something is an Act, a law in its own right and your are here debating something that is not debatable.

FG only implemented the law. How is that a crime?

We are too used to lawlessness in this country to the extent that we now believe it is the right way of life.

U r completely wrong Sir, not every Act, Law is genuine n in the interest of average person. Some Act n laws r meant to benefit few elites n suffer poor majority in d country.

SureP was established by an act, which many ordinary Nigerians benefited from. yet, the then opposition said it was an avenue for GEJ to syphon our common wealth.

As a student if you parents send you N2000, FG will take 50 if you withdraw the money bank will take its share + SMS charges after that how much are you gonna go back with.


Nawa oooo

Best Regards,
Chris.

scachy:


U r completely wrong Sir, not every Act, Law is genuine n for the interest of the average person. So Act n laws r meant to benefit few elites n suffer many poor in d country.

SureP was established by an act, which many ordinary Nigerians benefited from. yet, the then opposition said it was an avenue for GEJ to syphon our common wealth.

The only way to prove an Act or Law is not in the best interest of the average Nigerian, is to challenge the law in a law court.

Stop babbles dt is d change u voted for. Why murmuring

hmmm good analysis but rotten brain

Tokt:


The in question is domiciled in CBN. Isn't it? That's the first bus stop before onward delivery into TSA. Even monies deposited into the TSA have their initial bus stop. Don't they?

Don't say what you don't know just to justify your ignorance

It's very disgusting when I see headlines and posts like this. The stamp duty act has been in existence since God knows when and Nipost has been battling for years to implement it.The money goes into TSA. And it has noting to do with budget. It's like crying wen custom enforce custom duties.

Until we begin to embrace taxes in this country we are goin now wer. Som1 wasted 2.1 billion on election u say it's witch hunting, if you had paid 100k tax u will Def see tins differently.

We travel all over the world and pay taxes on everything we do but we don't complain, to pay N50 for one transaction u enter Naira land dey talk rubbish.
Smh

Super1Star:
Are you this daft!!!!

Something is an Act, a law in its own right and your are here debating something that is not debatable.

FG only implemented the law. How is that a crime?

We are too used to lawlessness in this country to the extent that we now believe it is the right way of life.

FG only implemented law that will favour them not the masses. A poor man that receives 10k as his monthly salary and a senator that receives millions/per month will be charged the same amount.

I think people need to be sensitized on this,this will will discourage the FINANCIAL INCLUSION and CASHLESS POLICY we are trying to achieve.

This is change indeed and some mofos are ing FG for their wicked @act.

Super1Star:
Are you this daft!!!!

Something is an Act, a law in its own right and your are here debating something that is not debatable.

FG only implemented the law. How is that a crime?

We are too used to lawlessness in this country to the extent that we now believe it is the right way of life.

You are the daf-t. one here! .Kindly tell me the rationale behind the new policy #Mumu#

NavierStokes:
As someone aptly put it: this govt gave us 50kobo on pms and are taking 50naira from our bank transactions.
"Change"

I can feel fashola's presence in the useless affairs of this country. Taxing everything from money, electricity, roads, water,

obasiken:


From yur post i can deduce you have not left your fathers house so u dont understand what increase in taxes mean. A bag of rice is now 13500. Very soon you will be paying taxes on vegetables in yur parents farm.

Abeg tell am make he hear well...

If u say it is a law, can u quote the section pls.

I have said it again and again that these APC change name wayioo

Pls barcanista do not come here and start typing trash northerners dont do bank transactions cos its against islam so hope you wont start calling me anti nigerian jobless ipobian ask ur president to charge for farm produce instead if he wants to raise money. The problem of tonye is that he is born and resident in port now he wants to form a nationalist but he is lost

Tokt:
[s][/s]

Rubbish. Who is ur own dilector?
Again, if u are aggrived, go to court and lament there.
What the govt is doing is implementing existing laws and not creating new ones.

Agent of Darkness, a suppressor and a thief.. ... may your taste follow you all round

How i wish we could be charge for every post on social media. Cos its always either slander or arrant nonsense. That said, can somebody please help me understand why the law wasnt implemented before because as said by some1 here, its not a new law.
Again OP, did you say you read the whole budget, well i did too but on social media so i cant tell if its 1800 pages. From the budget, it palpable that more of this is iminent. I know i sound indifferent but with the price of crude oil nosediving(in case you havent noticed, its now below the assumed benchmark price) and the devaluation of naira each day, more of this expedient laws are pending.
Lets learn to sacrifice for our country.

gcof:
won't it be better if you give facts to your argument instead of cursing someone's lineage

As far as am concerned ,that guy is an IDIOT or a KID...butress your point with fact anf figures .one can Bill gate in faceless forum like this....nonsense

Super1Star:
Are you this daft!!!!

Something is an Act, a law in its own right and your are here debating something that is not debatable.

FG only implemented the law. How is that a crime?

We are too used to lawlessness in this country to the extent that we now believe it is the right way of life.

He did not say it's not the law. Free your mind and read to understand.

Tokt:
[s][/s]

Shut up and use ur brain please.

You couldn't use urs

easrael:
Early this morning, I read a directive by the Central Bank of Nigeria to all Banks in the country where it ordered all banks in Nigeria to start charging N50 on all transactions that are above N1,000 from ALL Nigerians.

Now, as many of us may now know this until the banks start charging it and they give you tons of excuses for it.
Here are three facts why THIS charge is a FRAUD in totality!

1. This charge is to be under a particular stamp duty which is illegal in banking transactions! At least, I know stamp duties are charged under postal orders and not on some bank transactions.

2. The number the money is to be remitted into (CBN NIPOST Stamp Duty Collection No 3000047517) is not the popular TSA number which was created as the ONLY Government transaction’s correspondence! What this means is that the Federal Government is as corrupt as anything you can imagine, using this scheme to deprive the middle class off their hard earned money!

3. This scheme of generating funds was not listed as one of the means to be used to generate funds this year in the 2016 budget! I have read the 1800 page document page to page in details that I can almost tell where a particular item is placed. You all can take the pain to read it too. This government never listed this means as a non-oil revenue making means.

What this scheme is scheduled to do is to suffer the middle class and the lower class in Nigeria to feed some greedy, corrupt and selfish upper class. Why hasn’t the FG set up a tax on luxury items which the upper class in our strata is entitled to?

There are so many questions begging for answers that, some of which many among us will avoid answering them. I’ll leave you with this: Do not ever think you’ll benefit from the N5,000 to be given to the unemployed people because it is strictly a Northern affair! That is where we have the poorest of the poor!


Salem

Israel Oladipupo Ogunseye tweets via @LadiSpeaks

[b]In a bid to boost Federal Government revenue base in the non-oil sectors of the economy against of falling revenue in the from oil sector, the Central Bank of Nigeria (CBN) has directed banks operating in the country to reduce stamp duty charges to N50 per eligible transaction in accordance with provisions of the Stamp Duties Act.

CBN in circular issued yesterday explained that it was in recognition of this fact that banks and other financial institutions were ened to governments’ revenue generation drive through compliance with the provisions of the Stamp Duties Act, LFN 2004 as reinforced by the court judgment in Suit No FHC/L/CS/1710/2013.

The apex banking regulating body noted that with immediate effect, all Deposit Money Banks (DBMs) and other financial intuitions should commence the charging of N50 per eligible transactions in accordance with provisions of the Stamp Duties Act and Federal Government Financial Regulations 2009, that is, all receipts given by any bank or other financial institution in acknowledgement of service rendered in respect of electronic transfer and teller deposits from N1, 000 and above.

The circular expressed that for the avoidance of doubt the following receipts are however exempted from imposition of Stamp Duties: Payments deposit or transfer by self to self-weather inter or intra bank and any form of withdrawal/ transfers from saving s.
The circular noted that, “each DMB shall open an designated as NIPOST Stamp Duties into which all charges collected shall be paid.

“Other Financial Institution shall remit their Stamp Duty collections to any DMB of their choice,” the circular explained.[/b]

Super1Star:
Are you this daft!!!!

Something is an Act, a law in its own right and your are here debating something that is not debatable.

FG only implemented the law. How is that a crime?

We are too used to lawlessness in this country to the extent that we now believe it is the right way of life.

I believe when that act was signed, #1000 was not an amount anybody can come by easily everyday! So it was not an a charge to everybody. Today who pays in less than a thousand naira in the bank? They should simply say for every transaction.