TAX Advocate (@taxhours) 's Twitter Profile
TAX Advocate

@taxhours

ID: 1959921647240294400

calendar_today25-08-2025 10:13:15

8 Tweet

4 Followers

72 Following

TAX Advocate (@taxhours) 's Twitter Profile Photo

Many taxpayers may not realize they have only 37 days left to file their Personal Income Tax before the deadline or face penalties.

TAX Advocate (@taxhours) 's Twitter Profile Photo

New tax laws grant exemptions to NGOs, churches, schools, and similar public institutions on income used for nonprofit purposes. However, any income earned from commercial or business activities remains taxable under Section 163.

New tax laws grant exemptions to NGOs, churches, schools, and similar public institutions on income used for nonprofit purposes.
However, any income earned from commercial or business activities remains taxable under Section 163.
TAX Advocate (@taxhours) 's Twitter Profile Photo

VAT collected in a given month must be filed and paid by the 21st of the following month. Businesses are required by the NRS to declare total sales, VAT collected, and VAT paid on purchases when filing their returns.

VAT collected in a given month must be filed and paid by the 21st of the following month. Businesses are required by the NRS to declare total sales, VAT collected, and VAT paid on purchases when filing their returns.
TAX Advocate (@taxhours) 's Twitter Profile Photo

Corruption does not begin in Abuja. When corruption is tolerated in a ₦10 transaction, it inevitably grows into ₦10 billion scandals. Corruption at the grassroots level is still corruption — no matter how small it appears.

TAX Advocate (@taxhours) 's Twitter Profile Photo

A small business under Nigeria’s new tax laws is defined as one with an annual turnover of ₦100 million or less and total fixed assets not exceeding ₦250 million.

A small business under Nigeria’s new tax laws is defined as one with an annual turnover of ₦100 million or less and total fixed assets not exceeding ₦250 million.
TAX Advocate (@taxhours) 's Twitter Profile Photo

Drivers are fined between ₦60,000 and ₦100,000 for alleged “wrong parking,” even when they only stop briefly to drop off passengers. The drivers also accused ticketing officials of extending collection hours beyond stipulated periods.

Drivers are fined between ₦60,000 and ₦100,000 for alleged “wrong parking,” even when they only stop briefly to drop off passengers. The drivers also accused ticketing officials of extending collection hours beyond stipulated periods.
TAX Advocate (@taxhours) 's Twitter Profile Photo

Government assures that taxpayers’ money is being effectively utilized to deliver essential services, urging citizens to embrace voluntary tax compliance.