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Nairaland Forum / Nairaland / General / Business / N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions (22948 Views)
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N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by dre11(m): 8:47am On Jan 22, 2016 |
Payments of salaries and wages as well as payments and deposits for self-to-self transactions whether inter or intra bank are exempted from the N50 stamp duty policy, the Central Bank (CBN) has said. www.pmnewsnigeria.com/2016/01/22/n50-stamp-duty-cbn-exempts-salary-accounts-self-to-self-transactions/ lalasticlala |
Re: N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by vayne(m): 8:49am On Jan 22, 2016 |
#50x75million daily=Broad daylight robbery! 49 Likes 1 Share |
Re: N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by frodobee: 8:58am On Jan 22, 2016 |
Frodobee : 12 Likes 2 Shares |
Re: N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by dav8id(m): 9:00am On Jan 22, 2016 |
This cleared the air....but at lease #5 nah cuz 50 buks time total daily transaction in nigeria no b small tin o #Taraba State 1 Like |
Re: N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by ademega(m): 9:15am On Jan 22, 2016 |
good of u |
Re: N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by missKiffy(f): 9:17am On Jan 22, 2016 |
Well, not bad 1 Like |
Re: N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by Nobody: 9:20am On Jan 22, 2016 |
More than N1.5bn daily... There are 261 working days in a year ( Non Leap Year ).. Assume one in every four Nigerians do a transaction daily. 35m transactions times N50 times 261 workinng days. Over N391.5 billion.. 15 Likes |
Re: N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by Nobody: 9:21am On Jan 22, 2016 |
It's still a fraud 19 Likes |
Re: N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by ijustdey: 9:36am On Jan 22, 2016 |
I just hope this won't create an avenue for fraud BTW the banks and government agencies that would be responsible for the collection of this tax.... this will make people more responsive and begin to ask questions on what they have used the money collected for 1 Like 1 Share |
Re: N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by suyamasta(m): 10:11am On Jan 22, 2016 |
CBN! more clarification is needed on this 1 Like |
Re: N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by Creamz(m): 1:13pm On Jan 22, 2016 |
This is still rubbish. We are crying that MAJORITY of Nigerians are suffering and now they are bringing this. Plus now there's a loop hole. The Nigerians i know will now only be paying to themselves. When you want to deposit in someone's account, you withdraw and pay in the person's name. Jst to avoid the Useless 50naira stamp 31 Likes |
Re: N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by cutetopsey(f): 1:13pm On Jan 22, 2016 |
Hmmnmm |
Re: N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by Hygist1: 1:13pm On Jan 22, 2016 |
aa |
Re: N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by richidinho(m): 1:13pm On Jan 22, 2016 |
mttheeeeew yeye Govt. 1 Like |
Re: N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by passionate88: 1:14pm On Jan 22, 2016 |
What Imagine the fraud 1 Like |
Re: N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by YoursGEJ(m): 1:14pm On Jan 22, 2016 |
They should focus on plugging existing leakages in revenue collection and recovering loots from corrupt officials rather than extorting more money from Nigerians that will probably be embezzled as well. The ultimate victim of this charge will be the common man. 6 Likes 1 Share |
Re: N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by doctortope(m): 1:15pm On Jan 22, 2016 |
Ok |
Re: N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by Nathdoug(m): 1:15pm On Jan 22, 2016 |
We hear |
Re: N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by Firefire(m): 1:16pm On Jan 22, 2016 |
vayne: This government is fraudulent. Check the proposed fraudulent 2016 Appropriation bill and the 50 Naira Stamp Duty robbery. What a government of 'CHAIN' 14 Likes 2 Shares |
Re: N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by busky101(m): 1:16pm On Jan 22, 2016 |
suyamasta:you no go school |
Re: N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by eleojo23: 1:17pm On Jan 22, 2016 |
Good avenue for corruption. |
Re: N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by jmoore(m): 1:19pm On Jan 22, 2016 |
Legal stealing!!!!!!! 4 Likes |
Re: N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by Profkomolafe(m): 1:20pm On Jan 22, 2016 |
in the act of funding govt purse, they want to syphon over 150million Nigerians.......... 5 Likes |
Re: N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by opalu: 1:20pm On Jan 22, 2016 |
We all need to encourage new and young companies in this country. CBN should reverse any policy that works against entrepreneurs and companies. To God who made me, we need to change our ways as a people. Imagine that our own Nairaland promotes young businesses as it promotes celebrities esp scarcely dressed ones. Talk about a lady with heavy cleavages and you may earn front page. But hint about your business and that post is deleted or hidden. All of us from presidency to our neighborhood need to help each other. It's not everything that is money. 20 Likes 1 Share |
Re: N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by seedorfg(m): 1:21pm On Jan 22, 2016 |
thiefery 3 Likes |
Re: N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by Sgwash: 1:23pm On Jan 22, 2016 |
All this one they are saying, it still boils down to d fact that #50 will b taken from me for every transaction... #notGood!!! 8 Likes |
Re: N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by UltraSphinx(m): 1:23pm On Jan 22, 2016 |
Mere N50 is chicken change, but if the gross total is calculated per working year, i bet it'll amount to billions of hard-earned naira that are waiting to be looted by another power-broker 13 Likes 1 Share |
Re: N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by AFRICANDICEY: 1:23pm On Jan 22, 2016 |
Any new policy is against me and you. we pay tax, now stamp duty. Oil is finished now they want to drill from me and you. The worst is that we don't have a choice. We are all law abiding citizens... Only God can judge US. 12 Likes |
Re: N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by Sgwash: 1:25pm On Jan 22, 2016 |
UltraSphinx:Thank u... it's not that they will use d money to do anything reasonable and sustainable, just selfish interest 7 Likes 1 Share |
Re: N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by veraponpo(m): 1:26pm On Jan 22, 2016 |
Very wise decision. Now Nigeria can make cool money for developmental projects. This is similar to what Chief Awolowo did during civil that made Nigeria prosecute war without borrowing for almost 3 years. Free education too was possible in the Western Region just because of Education Tax policy by Awolowo. This is better than increasing VAT to 10% which would have increased prices of goods and services thereby shooting inflation up. God bless Emiefele for this God bless PYO God bless PMB. 10 Likes 1 Share |
Re: N50 Stamp Duty: CBN Exempts Salary Accounts, Self-to-self Transactions by Nobody: 1:26pm On Jan 22, 2016 |
should be percentage . Say 2% on every transaction over N20,000 4 Likes |
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