Quote from: Charles-Tim on Today at 01:06:28 PM

Quote from: NurseHub on August 26, 2025, 10:27:46 PM

People wey dey use bitcoin fit dey do deal without them to use naira or bank account, so the real nature of bitcoin wey Satoshi do fit dey in use wella wella for Naija, and that 25% tax no go come affect use wey dey use bitcoin if we come chose to dey use P2P for Naija.

I forgot and omitted this. Some people earn in naira, they will not be able to escape this. Some people on this forum that has bitcoin already will want to sell, they may to beyond 80000 naira. 800000 is a small amount of money that can easily be gotten to.

The average Nigerian politician is literally crazy to have this policy enacted for a 25% tax that is to be collected from Nigerians making from #800,000 annually. What is #800,000 that the average hardworking Nigerian can't make in a year that the politicians through the presidency are making it be like it is a large amount of money.

25% is outrageous and criminal to be collected by a government that are behind in providing the minimum basic amenities for Nigerians who literally provides all of the amenities they need to make their businesses stand.

I have to provide electricity, water, security etc for what my business needs to grow and at the end of the year when I am fortunate to make above #800,000 the government will be entitled to 25% of that 800,000, how did we got to this?

Quote from: igebotz on Today at 05:21:05 PM

Quote from: Callido on Today at 02:05:31 PM

There is a legal way for companies to boycott paying this huge task, the company shouldn't be registered under a sole business administration but rather as limited liability company, in this structure all expenses will be deducted before being taxed on what is left as the income, legally the owner can choose to accrue more expenses on the business and then get taxed for lesser amount of his income.

Maybe you didn't know but Boycotting tax and demarketing it's is a crime - those who are qualified to pay their taxes should do so, you don't need to discourage them or campaign against it no country can survive without stax.

Agreed we should not support tax boycotting.Yet when the government are doing the right things as it is in their responsibility to do, the citizens will not bother about boycotting paying tax. Is 25% tax for an #800,000 annual income not much for a government that are failing in their duties to provide you the basic vital structures?