The new Tax rule will only worsen the Economy. If this new Tax was to be imbibed completely, a lot of company will fold up, because so many co.pan or individuals would not want to remit 20% of their yearly income to a government rule for what gain. It hard to beleive that such a tax rule even exist, if the tax rule was to even exist why dont they just make it 10% or better 5%.
The country will really bleed because ri am sure this tax will not be used for the economy but to this leaders pocket.
I cant even Imagine working a full hard month and years and then 20% is deducted from my money, I will be really crazy at that moment.
Tax should shouldn't ed on people, it should be decided among company direct payment to worker, whereby it will be deducted like a contract stuff, for example if someone is to earn 300k monthly, the company can be paying 20k from their pocket and still pay the worker salary, there is a way they will do the contract with it, and within market place there can be a monthly supervision contribution. It should not be willing forced on people, if only people could Sue government for this kind of law existence.
Like government now don dey collet pas God o. People Dey drag to pay God 10% sef now your president wants it all and will collect the rest through high commodity prices
😂 make January reach, make I con see one federal government debit stupid stuff, Yhem go know waten sup
20% is per annum oga not monthly. 20% of the salary will be divided into 12 months and deducted monthly
It was another news I heard then. Let's wait and see before then. 🙂
Check online, how to calculate tax rate for salary is there
I will Bipolar, Thanks for the Comment,
What do you think about this new Tax law ?