Resident Employees In Nigeria, You Can Now Pay Less Tax, See How скачать в хорошем качестве

Resident Employees In Nigeria, You Can Now Pay Less Tax, See How

🔥 RESIDENT EMPLOYEES – YOU CAN NOW PAY LESS TAX IN NIGERIA (2025 UPDATE) 🔥 Are you a Resident Employee in Nigeria? Do you want to legally reduce your PAYE and understand how the New Nigeria Tax Acts 2025 affect you? This video gives you a complete breakdown of taxation of Resident Employees in Nigeria, including the new tax incentives, approved tax rates, chargeable income rules, global income principle, and a practical Excel template for computing your income tax. If your only earned income is employment income (plus pension or investment income), this video is specifically for you. 📘 What You Will Learn ✅ The Golden Rule of Tax Freedom – The 3Cs: Comply, Comply, Comply ✅ The fundamental meaning of a Resident Employee ✅ How to determine tax residence in Nigeria ✅ Foreign Employment vs Nigerian Employment rules ✅ The Cascade of Taxable Persons in Nigeria ✅ Global Income & Derivability Principles ✅ Chargeable income of a Resident Employee ✅ Assessable Income vs Total Income vs Taxable Income ✅ Total Deductions & Eligible Deductions explained ✅ Approved Graduated Income Tax Rates (2025) ✅ Withholding Tax (WHT): Final vs Advance Tax ✅ Sample practical tax computation ✅ Downloadable Excel template structure ✅ Legal strategies to reduce your income tax ✅ Correction of an important drafting error in Section 28 of the NTA 2025 💡 Key Topics Covered 1️⃣ Understanding Your Tax Position We clearly explain: Who qualifies as a Resident Employee When your worldwide income becomes taxable in Nigeria When employment income is deemed derived from Nigeria 2️⃣ Tax Incentives Available in 2025 The New Nigeria Tax Acts provide over 100+ tax incentives, including: Exempt income categories Final tax income (e.g., certain dividends and interests) NHF, NHIS & Pension deductions Life assurance premium deductions Rent relief (20% up to ₦500,000) Exempt capital gains Compensation and redundancy exemptions 📊 2025 Individual Income Tax Rates After eligible deductions, taxable income is charged as follows: First ₦800,000 – 0% Next ₦2,200,000 – 15% Next ₦9,000,000 – 18% Next ₦13,000,000 – 21% Next ₦25,000,000 – 23% Above ₦50,000,000 – 25% We also walk you through a full sample computation and show how tax deducted at source reduces your final tax payable. 📂 Excel Template Included We demonstrate a formatted Excel template where you simply: Insert your taxable income The tax is calculated automatically Adjust brackets where necessary Deduct WHT or PAYE already paid This makes computing your income tax simple, structured, and accurate. 🧠 How to Reduce Your Income Tax (Legally) ✔ Increase NHF, NHIS & Pension contributions ✔ Invest in tax-exempt instruments ✔ Use final-tax income strategically ✔ Plan all year round — not just at tax time ✔ Keep accurate records ✔ Understand deductible vs non-deductible items ✔ Use tax incentives intelligently ⚖ Important Clarification on the Act We also explain a technical drafting inconsistency in Section 28 of the New Tax Act 2025 and how the Fourth Schedule clarifies the correct interpretation of “Taxable Income.” This is critical knowledge for professionals, payroll managers, and serious taxpayers. 🎯 Who Should Watch This Video? Employees in Nigeria HR & Payroll Managers Accountants Tax Consultants Financial Advisors Civil Servants Corporate Employees Nigerians working locally or internationally Anyone earning salary + investment income 📌 Part of the 22 Interdependent Tax Compasses This video is part of a structured series covering: Tax Incentives Withholding Tax VAT Companies Tax Self-Employed Individuals Chargeable Gains Stamp Duties Double Taxation Relief And much more 🔔 Don’t miss the next videos! Like 👍 Subscribe ✅ Turn on Notifications 🔔 Share with colleagues, staff, family & friends Let’s eliminate tax confusion and reduce tax legally. Do you know that Self-employed individuals can pay less tax in Nigeria? See How:    • Resident Employees In Nigeria, You Can Now...   #NigeriaTax #PAYE #ResidentEmployee #NewTaxAct2025 #TaxIncentives #IncomeTaxNigeria #TaxPlanning #WithholdingTax #TaxEducation #Taxcorp