Harmatia marketing (@harmatia_mktg) 's Twitter Profile
Harmatia marketing

@harmatia_mktg

NFT curator and enthusiast Bringing the latest updates from the vibrant world of #NFTs 🎨💎 #crypto #DigitalArt — SeedsofsaeedFoundation⚜️

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calendar_today06-05-2023 00:52:48

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Don't use VAT money on restocking. The cost is huge: 10% Penalty + Exploding Interest + Prison. Using tax as a loan can be costly.

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Is delaying tax remittance cheaper than a bank loan? Do the math. The new Tax Acts mandate that VAT, WHT, and PAYE must be remitted by the 21st. "You use the N5m VAT in your account to restock inventory, thinking the penalty is cheaper than a bank's 35% interest rate." This is

Is delaying tax remittance cheaper than a bank loan? Do the math.

The new Tax Acts mandate that VAT, WHT, and PAYE must be remitted by the 21st.

"You use the N5m VAT in your account to restock inventory, thinking the penalty is cheaper than a bank's 35% interest rate."

This is
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According to the new tax reform Acts, "Any person" who provides information that assists the tax authority in their duties will have their identity protected and [may be paid a financial reward].