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Nairaland Forum / Science/Technology / Programming / Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers (830 Views)
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Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by tosinhtml: 11:52am On Jul 30 |
The Lagos State government has unveiled an ambitious plan to generate N200 billion annually by expanding its income tax base to include remote workers and leveraging digital solutions for enhanced revenue collection. According to the synopsis document for the EKO Revenue Plus Summit, which is expected to hold on September 25th and 26th, 2024, with the theme “Unlocking New Revenue Streams for Lagos State”, this southwest state plans to raise N5 trillion internally generated revenue (IGR) from four major sectors. One of such sectors is the digital economy, through which Lagos State plans to introduce a Resident Global Digital Citizen Tax Management System, targeting remote workers, foreign firms, and digital influencers. Blockchain and Tokenization Agenda: Lagos State plans to implement tokenization for real estate, infrastructure, and intellectual property. This project will require N500 million and aims to generate N100 billion annually from income fees and permits. Link: https://nairametrics.com/2024/07/30/lagos-plans-to-get-n200-billion-annually-from-taxing-remote-workers/ 2 Likes 1 Share |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by tosinhtml: 11:55am On Jul 30 |
The government is going to Tax workers to death going this route, the current government is coming for every ounce of income that is generated by citizens. Nigeria is struggling with inflation and a weak exchange rate. The Lagos State government wants to increase its tax base, but taxing remote workers and firms is too early. Nigeria's tech industry is still growing, and this move might hurt it. Companies hire Nigerian remote workers because it's cheaper and flexible. If they are taxing them, it drives businesses away, reducing job opportunities. 1 Like 1 Share |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by tosinhtml: 11:56am On Jul 30 |
If you're a Remote Worker in Lagos Nigeria, you can clearly see the signs. I'd not say more than this. 1 Like 1 Share |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by DevilsEqual(m): 11:59am On Jul 30 |
tosinhtml: Does that mean u havent being paying Tax as a remote worker?? ![]() I guess it depends on the organisation Me been dey pay Tax since as i was an Intern in international firm as a remote work, not to talk of now 1 Like |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by DevilsEqual(m): 12:03pm On Jul 30 |
DevilsEqual: Just checked, na after Tax be the pay. Be like dem no dey pay the Tax wey dem talk say dem dey comot be that sef ![]() It wont affect me. I wish u well ![]() ![]() |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by airsaylongcome: 2:34pm On Jul 30 |
Lol! No words. Absolutely no words. 1 Like 1 Share |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by Sheriman(m): 7:34am On Jul 31 |
airsaylongcome:What are the tech facilities that they provided for tech remote workers before taxing them? Useless government 2 Likes 1 Share |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by Shomek(m): 7:45am On Jul 31 |
Tax ko taxi ni
Nonsense 1 Like |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by danielclerkson(m): 5:28pm On Jul 31 |
Most international countries deduct taxes from workers and even remote workers.
If this is implemented, we are truly cooked in Nigeria |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by airsaylongcome: 7:20pm On Jul 31 |
danielclerkson: Countries like US, UK, CAN abi? Let’s compare infrastructure and good use of the paid tax. They just increased “Ways and Means” to 10%. A-loot-a continua (The looting continues) 1 Like 1 Share |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by danielclerkson(m): 10:26pm On Jul 31 |
airsaylongcome:Tis well with this country |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by qtguru(m): 11:50pm On Jul 31 |
How will they detect that you earn remotely 1 Like 1 Share |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by Gerrard59(m): 1:48am On Aug 01 |
tosinhtml:I am curious, do you know any country/city/region that specifically taxes remote workers? We have countries issuing Digital Nomad Visa Schemes but I am yet to read any which instituted a tax regime for that class of workers. In fact, countries are delighted to have DNs because they spend foreign income in the country while not soliciting jobs within the country. Basically, a permanent class of tourists. So, I wonder how the LASG is going to institute the policy. If possible anyway, tech folks and DNs should relocate to other states. There are plentiful of such states. 2 Likes 2 Shares |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by Gerrard59(m): 1:49am On Aug 01 |
danielclerkson:That is a standard tax policy of being taxed while residing in the country. Or do you know any country that specifically taxes DNs? 1 Like |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by Tallesty1(m): 5:54am On Aug 01 |
qtguru:I was going to ask the same question 😂 1 Like |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by danielclerkson(m): 2:06pm On Aug 01 |
qtguru:Maybe a permit will be implemented befora a worker will be able to work remotely |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by danielclerkson(m): 2:10pm On Aug 01 |
Gerrard59:Now, you musn't be a resident to be taxed. That is why most international remote workers have a gross and net salary |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by Gerrard59(m): 2:37pm On Aug 01 |
danielclerkson:If that is the proposed legislation by the LASG, then concerned DNs should move out to other states. 1 Like |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by qtguru(m): 4:00pm On Aug 01 |
danielclerkson: Lol not possible Government can't track your activities, I used to move money around without touching my Nigerian account, I'd sell to BDC and they'd give me naira, so government can't event say or know what I'm doing. |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by PJtech: 4:07pm On Aug 01 |
qtguru: Good afternoon sir, hyd? I mentioned you earlier today. Hope you didn't forget me I just say i should remind you.. I'm sorry if i bothers you🙏🙏 |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by tosinhtml: 4:53pm On Aug 01 |
qtguru: If you're getting paid directly into your Nigerian dorm account ![]() |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by qtguru(m): 4:56pm On Aug 01 |
PJtech: Still broke at the moment, I'll let you know |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by qtguru(m): 4:57pm On Aug 01 |
tosinhtml: Guy I had a system of receiving money i had Canadian Paypal account tied to my Wise, so I could move money to my Geegpay or sell to PayPal agents. it's easy to move around without Government knowing the source. |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by PJtech: 5:02pm On Aug 01 |
qtguru: Ok sir, may doors of blessings open for you this new month |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by tosinhtml: 5:08pm On Aug 01 |
qtguru: This is true and we also have crypto too, so safe to say govt is chasing shadows with this one. |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by RealityKings: 5:39pm On Aug 01 |
PJtech: ![]() |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by danielclerkson(m): 6:54pm On Aug 01 |
Gerrard59:It would greatly affect the states economy |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by danielclerkson(m): 6:58pm On Aug 01 |
qtguru:Maybe, if the government implements the usage of workers permit before they are hired remotely, they can |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by qtguru(m): 12:26am On Aug 02 |
danielclerkson: Government has no say, it's over the internet, it's very unlikely to be regulated. |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by CodeTemplar: 11:07am On Aug 02 |
Lol. Most governors and deputies are remote workers. If you know you know. |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by danielclerkson(m): 1:35pm On Aug 02 |
qtguru:Yeah, true but only because it is Nigeria |
Re: Tax Them To Death: Lagos Plans To Get N200 Billion Annually From Remote Workers by bassdow: 11:16pm On Aug 04 |
tosinhtml:Several times, some of our Nigerian clients have asked why we ain't registered in Nigeria or do this or that and I keep telling them 1 thing - I steer clear anything having to do with Nigerian Government. If being registered gets me in contact with Nigerian Government, I no do. If having a Business Current bank account gets me closer to Nigerian government, I no do ... DevilsEqual: I pay rent + associated LandUseCharge, among others including the silly Radio & TV fees I pay VAT data subscriptionS I pay VAT for call credits I pay VAT on Utility bills (Waste, Power, etc) I pay VAT on every appliances and/or gadgets I acquire I get charged VAT anyTime I make or receive financial transactionS Even the Money I pay myself, I still get charged ... with lots of multiple TAXations, without being useful to we the masses, I see it a huge crime asking me for TAX when I am already paying more than I ought to. if you want to insist, I kukuma tell you ma salary is 1 naira qtguru:you still ends up paying more sef. mayBe not directly to Nigerian government. And should you end up exchanging the foreignCurrency on the street, you unKnowingly paying to Nigerian government |
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