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I'd love to know your humble opinions.So, like and comment and also, follow my page for more 😉🫠Thanks in advance 😌
19/02/2026

I'd love to know your humble opinions.
So, like and comment and also, follow my page for more 😉🫠
Thanks in advance 😌

I'm a law student, but I engage in reality discussions too.Attached is my response to a Facebook post earlier today.Like...
19/02/2026

I'm a law student, but I engage in reality discussions too.
Attached is my response to a Facebook post earlier today.
Like, share and comment
If you haven't followed my page, please 🥺 do so🥹
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Q. After compliance to the tax laws(payment of tax), the government refuses to do their duties can we hold them accounta...
14/01/2026

Q. After compliance to the tax laws(payment of tax), the government refuses to do their duties can we hold them accountable?
The question of government accountability for failing to provide services after collecting taxes is complex and depends heavily on a nation's specific legal framework, political system, and the nature of the services in question.
Although the payment of tax is a civic duty, it does not presuppose a 'quid pro quo'(something for something) relationship between the government and its citizenry. Nevertheless, it is the expectation of most citizens that the revenue generated from taxes will be used for the betterment of society.
In a broader sense, the concept of tax falls under chapter 2 of the 1999 constitution of the federal republic of Nigeria as amended which provides for the fundamental objectives and directive principles of state policy in the sense that the expected outcome of tax payment is embedded in it.
Since this chapter is non-justiciable, meaning, you cannot sue the government for not providing basic amenities even though *section 13* states all government organs should uphold them. Mind you, these directives are seen as guiding ideals for the government, not enforceable legal duties which makes accountability limited.
Hence, you have various ways of pursuing accountability:
1.1.Political Processes: The most common form of accountability is through democratic processes. Citizens can vote out officials, contact their representatives, or participate in public advocacy
2.Ombudsman Offices: Many governments have independent offices (like a national or state ombudsman) that investigate complaints of poor service or maladministration.
Ultimately, while governments face strong moral and political expectations to use tax revenues responsibly, the ability of an individual taxpayer is not to force accountability.
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I'm a law student ⚖️ With the recent reform (rather rebirth) of the new tax law. Divers questions flocks in. Today, we'l...
26/12/2025

I'm a law student ⚖️

With the recent reform (rather rebirth) of the new tax law. Divers questions flocks in. Today, we'll look at frequently asked questions from small business owners.

Here is the simplified Frequently asked questions(FAQ) for small business owners.
🏢 Small Business FAQ: 2025 Reforms

Q: My business makes ₦40 million a year. Do I pay Company Income Tax? A: No. Under the new law, "Small Companies" (those with a turnover of ₦50 million or less) are taxed at 0%. You are also exempt from the new 4% Development Levy.

Q: Do I still need to deduct Withholding Tax (WHT) when I pay my suppliers? A: If your turnover is under ₦50 million, you are generally exempt from the requirement to deduct and account for WHT on payments to your vendors. This is intended to reduce your administrative stress.

Q: I heard the VAT rate is going up. Is that true? A: The standard rate remains 7.5% for now, but the law includes a phased increase (aiming for 10% by 2026 and potentially 15% by 2030). However, most small business owners benefit from expanded zero-rated items (0% VAT) on basic foods and educational materials.

Q: Is my "Tax ID" (TIN) different from my BVN? A: They are separate, but the new law moves toward linking them. You now need a TIN for all business and personal bank accounts. Without it, your account could be restricted.

*The new tax reform*
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For more info, click the follow button. when this pops on your feed. Let's share our insights.
Stay tuned for more legal contents 📢📢📢

I'm a law student ⚖️Nigeria just passed the biggest tax reform since independence signed June 26, 2025 kicking on Januar...
24/12/2025

I'm a law student ⚖️

Nigeria just passed the biggest tax reform since independence signed June 26, 2025 kicking on January 1, 2026. Being one of the most significant overhauls in the country's history, it moves away from multiple confusing laws towards a unified system designed to reduce the burden on low-income earners while ensuring the wealthy and large corporations contribute more.

Here's a plain-english draft of what the average Nigerian needs to know.

1. RELIEF FOR LOW-INCOME EARNERS: If you earn #800000 or less per year(roughly #66000 per month), you are to keep your entire paycheck.

2. NEW "RENT RELIEF": To help with the high cost of housing, the law introduced a deduction for rent.
• The benefit: you can deduct 20% of your annual rent(up to a minimum of #500000) from your taxable income.
• The catch: you must declare your rent payments and obtain a tax clearance to enjoy this.

3. CHANGES TO VAT(VALUE ADDED TAX): While there have been discussions about increasing the standard VAT rate in the future, the reform focuses on protecting basic needs:
• 0% VAT: you will not pay VAT on essentials like food, education, and healthcare.
• Exemptions: rent, public transportation, and renewable energy are also exempt.

4. SUPPORT FOR SMALL BUSINESS (SMEs): small companies with an annual turnover of #50 million or less are exempt from income tax. Small businesses no longer need to deduct withholding tax when paying their vendors, reducing administrative headaches.

5. INCREASED TAXES FOR THE "BIG PLAYERS": A new 40% levy replaced several taxes but applies only to larger companies. Gains from trading cryptocurrencies are now officially taxable under capital gains tax.

6. The tax payer identification number (TIN) is no longer optional.

new tax reform
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23/12/2025

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