Any account with ₦5 million or more in total inflows or outflows per month will be flagged and the Banks must submit monthly reports of such transactions.
This requirement is part of Section 30 of the 2025 Tax Reform Act, aimed at boosting transparency and tax compliance.
This requirement is part of Section 30 of the 2025 Tax Reform Act, aimed at boosting transparency and tax compliance.
Which kind wahala be this?
ReplyDeleteTinubu won use tax kee everybody..
ReplyDeleteThat's the only thing that comes into him and his other dullards heads when he thinks of generating income..
All the monies we no see anything them take am do..
Make Una no worry sha
Do you know how most countries in the world generate revenues? Yes. Taxes!!!
DeleteWhat does this mean ?
ReplyDeleteWhat does this mean ?
ReplyDeleteAnd there’s me that people are always keeping their money with me 😭
ReplyDeleteSeems I’ll join winners and redeemed pastors and create a tax haven in Panama
ReplyDeleteMake dem no use tax kee us
ReplyDeleteNa wa ooooooo
ReplyDeletePeople will start keeping money at home. Hope they'll do same to thiefing politicians.
ReplyDeleteDo they have the same protection that these politicians you keep talking about do?
DeleteBetter don't let pointless strong head cost you your life after your money.
Nawa o
ReplyDelete@Fair Lady:
ReplyDeleteCashless regime is the next move.
It happens in most sane countries in the world. In the US, if you buy something for more than 10k whether you pay with cash or card they flag the IRS. It doesn’t mean they will come after you, it just means they have a record so that when you file taxes and lie your yansh is there for them to open
ReplyDeleteYou are actually wrong. This is not why they flag the huge sums.
DeleteI will open a church account soon.
ReplyDelete