22/09/2025
Hello guys, please permit me to explain the new Tinubu tax reform bill passed into law and scheduled to begin January 1, 2026.
Personal income tax:
If less than 800k passes through your account in a year, you are tax-free. Meaning you will not be allowed to pay tax.
But if 800k to 3 million naira passes through your account in a year, you will pay 15% tax, which is 330k to the government.
If 3 million naira to 12 million naira passes through your account in a year, the government will mandate you to pay 18% tax, meaning if 12 million naira passes through your account, the government will collect 2 million naira as tax.
If 12 million naira to 25 million naira passes through your account in a year, you will pay 21% tax, that means if 25 million naira enters your account from next year, you will be taxed 5 million naira to the government.
If 25 million to 50 million passes through your account, you will be taxed 23%. If 50 million naira passes through your account, the government will collect 11 million naira as tax.
50 million above is 25% tax, 12 million naira as tax.
So fasten your seatbelt for 2026, it will be long, because whatever hardship the government put you through in the past will be little compared to what is coming.
Meanwhile, you will not be allowed to open a bank account from next year without a tax ID.
Also, I have a solution on how to reduce being taxed by the government if you earn less than 50 million annually.
All you have to do is register a business account by contacting us on https://wa.me/c/2349056976223 to help you create a CAC account and use it to open a business bank account, because a business account with less than 50 million naira annual turnover will be tax-free, meaning you are not allowed to pay tax 😉
https://wa.me/c/2349056976223