New Tax Laws: Mum of 2 Cries out over How Much Was Deducted from Her Account for N25k Transaction
- A Nigerian woman with two children has publicly lamented the tax she was charged for an electronic transaction of N25k
- The Federal Government of Nigeria began the implementation of the new tax laws on January 1, despite protests and criticisms that trailed them
- In an exclusive chat with Legit.ng, Justina Okafor, an accountant based in Port Harcourt, shed light on why Nigerians are reacting negatively to the new tax laws
Nwahiri Amarachi, a Nigerian mum of two, has cried out about the tax that was reportedly removed from her account after making an electronic transaction of N25k.
She shared a screenshot of her receipt on Facebook, and it sparked an outrage.
Source: Facebook
New tax laws: Mum's experience
According to the woman, she was charged N100 for the N25k transaction, and lamented that it was too much.
She wondered which way the country was headed. She wrote:
"I was charged almost 100 naira for tax.
"Nigeria,which way?
"This tax is too much o."
In the comment section, she noted that the tax would be higher for an electronic transaction of N100k. In her words:
"That means 100k tax fee will be very very big.
"This is getting serious."
President Bola Ahmed Tinubu had assured Nigerians that the new tax reforms, which took effect in 2026, is designed to ease the burden on the poor, low-income earners, and small businesses.
The President gave the assurance on Tuesday, December 16, at the 8th Annual Senator Abiola Ajimobi Roundtable and the 76th posthumous birthday lecture of the late former Oyo state governor, Abiola Ajimobi, held at the University of Ibadan.
Accountant comments on new tax laws
A Port Harcourt-based accountant, Justina Okafor, in an exclusive chat with Legit.ng, shared why many Nigerians are reacting negatively to the new tax laws. She said:
"Nigerians are just being emotional about tax not even about whether it’s new or old. How many persons pay tax before now aside the people who works in an organized high prestige company?"
Source: Facebook
See her Facebook post below:
New tax laws: Woman's outcry generates reactions
Legit.ng has compiled some reactions to the woman's outcry below:
Grace Alheri Bulus said:
"Omg."
Ola Edo Ola Edo said:
"Nawaoo."
NekyRhem said:
"Nigeria's don't want to do anything with it, they just relax. My sister it is well."
Moses Ijeoma Frankie said:
"Hmm nawaoo."
Assumpta Emejuru Nnamdi said:
"This is just the beginning, hmmm."
Alexer Joyce said:
"You no put description??"
In a related story, Legit.ng shared all you need to know about the new tax laws as a salary earner.
National Assembly releases tax laws
Meanwhile, Legit.ng previously reported that the National Assembly had made public the new tax reform acts after public outcry.
The development was disclosed in a statement by the spokesperson to the House of Representatives, Akin Rotimi, who noted that the move was to ensure transparency following the allegation that the legislation had been altered. One of the members of the House of Representatives, Abdussamad Dasuki, had raised the allegation that there were differences between the tax reform laws that were passed by the lawmakers and the gazetted copy that was in the public.
The allegation had led to public outcry, and some Nigerians are now calling for the suspension of the implementation of the act. The laws are the Nigeria Tax Act 2025; the Nigeria Tax Administration Act, 2025; the Joint Revenue Board of Nigeria (Establishment) Act, 2025; and the Nigeria Revenue Service (Establishment) Act, 2025.
Source: Legit.ng
