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The new Tax act 2025 or what we call the new tax law in Nigeria captures everyone. This is what is called widening the tax net. Every taxable transaction will be assessed to know if you are liable to pay tax on it. For example, A person receiving 50k daily. It could be medical bills or money for goodsk or service. When assessed, the true nature of that transaction will be shared. If you earned an income, you’ll be taxed but if it’s not an income you do not pay tax on that. #economy #tax #Nigeria
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