



Dear_Naija
392 posts

@dear_naija
The truth, the whole truth, and nothing but the truth. Sincerely , Your People ✊🏾






@Chude_ND1 So if they decides to reroute it then how is that a problem to you? Is it that you can't just find anything else to complain about anymore?

"Nigerians, we have to eliminate fear. We are almost 300 million people in this country, and we are still allowing things like this to happen. Nigeria has been independent since 1960, but are we truly independent?" - Nigerian youth protests







“The abducted St. Mary’s Catholic school girls are safe. They will be released soon. The President directed me to visit you parents personally.” — Nuhu Ribadu

If na me write wetin KPMG talk this morning, I sure say some people go begin ask which candidate I dey support. But make we clear am well. This one no be my opinion. Na ThisDay Newspaper report am, based on wetin KPMG officially release about the new tax law. I just list their observations, exactly as dem report am. Nowadays, everything don turn politics. So I hope nobody go talk say KPMG dey support Atiku, just because dem point out errors and gaps for the law. Facts no be politics. Professional review no be campaign. ----------- thisdaylive.com/2026/01/09/kpm… -------- KPMG observations on the new tax laws 1. The new tax laws contain errors. 2. The laws contain inconsistencies. 3. There are gaps and omissions in the laws. 4. Some provisions lack clarity. 5. The rules on taxation of non-resident persons are unclear. 6. The law does not clearly exempt non-residents without Permanent Establishment (PE) or Significant Economic Presence (SEP) from tax registration. 7. The law is unclear on whether communities are subject to tax or exempt. 8. The rules on Controlled Foreign Companies (CFC) lack clarity. 9. The treatment of undistributed foreign profits is unclear. 10. Dividends from foreign companies may be taxed differently from Nigerian company dividends. 11. Insurance premiums paid to non-residents should not be subject to withholding tax. 12. The rules on allowable tax deductions are restrictive. 13. Forex expenses are deductible only at the official CBN exchange rate, even when forex is bought at higher rates. 14. Business expenses without VAT charged are disallowed as tax deductions, even when validly incurred. 15. Capital losses (except digital or virtual assets) are not clearly stated as deductible. 16. Deductible items for individuals are limited. 17. The rent relief cap of ₦500,000 is too small. 18. High-income earners may face oppressive taxation. 19. Over-taxation may lead to non-compliance and capital flight. 20. The tax law may discourage investment, entrepreneurship, and job creation. 21. Tax authorities need international cooperation and capacity building. 22. Businesses need to review their tax exposure and compliance systems.











🇳🇬 Nigerians, please stay awake and pay close attention to what is happening at the National Assembly. There are growing concerns that the Bola Tinubu administration may be attempting to quietly alter Nigeria’s tax laws in ways that directly affect citizens’ hard-earned money. For those who may not fully understand what the lawmaker was explaining, here is the confirmed situation in clear terms. Earlier today, during plenary at the House of Representatives, Hon. Abdulsammad Dasuki (PDP, Sokoto) raised a formal Point of Privilege, alleging that the officially gazetted versions of Nigeria’s new tax reform laws DO NOT MATCH the bills that were debated, voted on, and passed by the National Assembly. Dasuki stated that he personally reviewed the documents over a three-day period, comparing the gazetted copies with the Votes and Proceedings of both chambers, as well as the final harmonized bills approved by lawmakers. According to him, what lawmakers passed is NOT exactly what was PUBLISHED AS LAW. The potential loopholes he is drawing attention to include possible changes to commencement dates, which could alter when the taxes take effect; the insertion or removal of clauses affecting exemptions, thresholds, or who ultimately bears the tax burden; EXPANDED DISCRETIONARY POWERS for tax authorities beyond what lawmakers approved; and wording changes that could WIDEN THE SCOPE of taxation or enforcement without legislative consent. He warned that if such alterations are confirmed, they would constitute a breach of legislative privilege and raise serious constitutional concerns, since only the National Assembly has the authority to make or amend laws. Do you now see why we have to scrutinize with undiluted aggression that MOU those crooks signed with imperialist France? Dasuki has formally requested that all versions of the documents be brought before the House for full scrutiny. PLEASE JOIN THIS VERY IMPORTANT CONVERSATION O!




So the Big Four: 1. KPMG 2. Deloitte 3. Ernst & Young (EY), & 4. PricewaterhouseCoopers (PwC) cannot handle the MoU on Taxation? A dishonest bunch had to go all the way to France. So the question remains, “what’s the relationship between Nigeria's revenue agency & France?” No one gets out of bed for nothing! 1. So what does France stand to gain? 2. From where do we start to plot the graph? 3. What’s the nexus btw the FIRS & France? PricewatehouseCoopers, KPMG, Deloitte, & Ernst & Young (EY); so none of them have the infrastructure to handle the so-called taxes? IS THAT YOUR FINAL ANSWER? With the whole secrecy surrounding the MoU, the “dishonest bunch” already told you there will be no transparency in the collection & the utilization of your taxes; & I will tell you why. The document contradicts itself! According to the MOU, France will “provide technical assistance” but will not “provide technical services.” What’s the difference? The FIRS claimed that France does not have access to your data, but they said they will share knowledge. So how will France gain the insight that could enable it give the FIRS quality “advice” without access to “sensitive” data? The FIRS put out this contradictory statement at 9:43 PM (WAT) on a Saturday. Let's see how long before they realize how damaging it is, & delete it. You can see the red flags yourself. There are two plausible reasons for the contradictions, & neither is palatable: 1. FIRS don’t fully grasp the implications of this. 2. They understand the implications perfectly, they are just being economical with the truth. However, since there is no National Assembly, the Office of the Citizens of Nigeria took it upon ourselves to hold the government accountable. So leave plenty English &: 1. Publish the signed MoU. 2. Publish the oversights. 3. Publish the framework. 4. Publish the safeguards. While at it, account for the monies saved from all the subsidy removals. This should be an easy task for a so-called Deloitte’s Accountant.