09/10/2025
I know a lot of people, most especially business owners are scared about the *New Tax Reform* taking effect on 1st of January, 2026.
However, there's no need for such because you can actually scale through even as a small business owner.
Yes, you can and where are few things to do so as to stay afloat and be on the safer side;
Tap to read next slide👉👉👉
*2026 TAX REFORM*
How to be on the safe side
1. Register your business with CAC
2. Process and validate TIN (which is, TAX-PROMAX validation)
3. Open a corporate account in your registered Enterprise or Company name ASAP
4. Use your Corporate account for only business and business-related transactions.
5. Ensure all transactions have narrations or descriptions (what they are used for, what purpose they're serving).
6. If not up to 50 million naira and above in turnover yearly (per annum), you're not paying TAX.
I hope I've cleared the air on the New Tax Reform? For more clarifications, kindly send a DM and I'll be delighted to assist you.
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