BonBequest

THE NEW TAX LAW

It is no longer news the a new tax law has been enacted which is set to take effect from 1st of January, 2026.

As career individuals (business owners, freelancers, creatives, remote workers, skilled practitioners), it is important to understand the dynamics of the new tax law to avoid being swindled by fraudulent people all in a bid to comply with the new law.

This is because this law is non-negotiable.

Below are some Vital Provisions of the New Tax Law;

1. The law applies to all income earners (traders, content creators, remote workers, etc), and even Nigerians earning income abroad if they are tax residents in Nigeria

2. Those in the military or security parastatals are exempted

3. Having money in your account, or making transfers and withdrawals from your account is non-taxable, only salary, profits, and income, are applicable.

4. Loan is non-taxable (apart from the statutory loans or government loans)

5. Individuals earning less than 800k per annum, or minimum wage are exempted
Above 800k has different threshold or percentage tax deductions ranging from 15% to 25%

6. Rent relief can also be claimed by individuals, but within the tune of N500,000

7. Student not earning income is exempted, whereas those having an income stream are not exempted.

8. Dividends, royalties, etc earned from outside Nigeria are tax exempted where it was brought into Nigeria through the right channel, eg banks.

9. If you're a business owner who registered your business as a business name under CAC, it is the Personal income tax that will be applicable, but if it was registered as a limited liability company, it is the Company income tax thatt will be applicable. And either of these two taxes have their advantages and disadvantages.

10. Selling shares less than 150m in value with less than 10m in gain is non -taxable. Any value and profit above this is taxable

I hope this helps!

.......TO BE CONTINUED

©️ Amarachi Obunanim

THE NEW TAX LAW

It is no longer news the a new tax law has been enacted which is set to take effect from 1st of January, 2026.

As career individuals (business owners, freelancers, creatives, remote workers, skilled practitioners), it is important to understand the dynamics of the new tax law to avoid being swindled by fraudulent people all in a bid to comply with the new law.

This is because this law is non-negotiable.

Below are some Vital Provisions of the New Tax Law;

1. The law applies to all income earners (traders, content creators, remote workers, etc), and even Nigerians earning income abroad if they are tax residents in Nigeria

2. Those in the military or security parastatals are exempted

3. Having money in your account, or making transfers and withdrawals from your account is non-taxable, only salary, profits, and income, are applicable.

4. Loan is non-taxable (apart from the statutory loans or government loans)

5. Individuals earning less than 800k per annum, or minimum wage are exempted
Above 800k has different threshold or percentage tax deductions ranging from 15% to 25%

6. Rent relief can also be claimed by individuals, but within the tune of N500,000

7. Student not earning income is exempted, whereas those having an income stream are not exempted.

8. Dividends, royalties, etc earned from outside Nigeria are tax exempted where it was brought into Nigeria through the right channel, eg banks.

9. If you're a business owner who registered your business as a business name under CAC, it is the Personal income tax that will be applicable, but if it was registered as a limited liability company, it is the Company income tax tagt will be applicable.

10. Selling shares less than 150m in value with less than 10m in gain is non -taxable. Any value and profit above this is taxable

I hope this helps!

.......TO BE CONTINUED

©️ Amarachi Obunanim

Life is in seasons
And years makes up seasons

2025 may be the end of a particular season for a person, while 2026 could be the continuation for someone else.

Just understand the specific season in which your life is in currently.

By so doing, you will think and plan correctly and not based on other people's timeline.

Never forget, your race is different and your trophy is peculiar.

Packaging is not pretense but an identification and differentiation of your product to the rest in the market place.

But while at it, note that people place more value on the content not on the container. In other words the attention should be more on quality rather than packaging.

Of course you need a brand name, logo, symbol, or slogan, etc, without which you can't have access to copyright, patent right or even a trademark.

As a brand or business owner, packaging is very good, in fact it is what attracts people to your product or service, but it is the satisfaction they get from it that keeps them.

However, there are 3 things you need to pay attention to;

✔️What people think of your product/service to represent: Hope you're not just collecting their money to enrich yourself, but you're people-driven and people motivated to enable them become better with your offer.

✔️How do people see your product or service (Perception): Hope they don't just see your offer as a regular item in the market place without anything extraordinary.

✔️The Value they get from it: is there any addition or positive result they get after using what you have offered them?

©️Amarachi Obunanim

WEALTH PRESERVATION

Dear Astute CEO'S and Renowned Founders;

Please take note that wealth not preserved is wealth mismanaged and wasted.

If the business, brand, system and structures which you have built with your sweat, blo*o*d, and money must outlive you, then you must devise a means to preserve that wealth.

And one sure way is by setting up what is called "A family Trust"; this is more realistic than "A Will".

Why family first? , because this is the smallest unit (nucleus) of any society, and wealth sustainability begins from inside out.

You must first identify the root cause of poverty in your bloodline/lineage so that what stopped your ancestors (with all due respect), will not stop you.

So instead of a Will as a form of an enduring legacy, it is more realistic to set up a family trust which is not affected by tax, high cost of ex*****on, internal disputes, etc.

This is because, an American research reveals that 85% of inherited wealth turns out a burden to the beneficiaries, and they end up wasting the wealth, because they were never part and parcel of the system and were never made to key into the established business objectives.

I hope this makes sense.

Yours in Legacy,

©️Amarachi Obunanim

Where is the lie in Personal Branding?

There are misconceptions about personal branding which requires the truth to be told.

Some of them includes;

✅Be yourself: we often hear this, but the thin line is, being yourself without being strategic on how to position your ideas, creativity and commodity will lead to drastic business (brand) failure

✅Go to school; it's all about self- discovery and not by formal education.
It's not learnt in the four walls of a school. But it's discovered through understydying the events and patterns of one's life and the unique traits each person has.

✅Be authentic: You can be authentic, but when value is absent in authenticity, it becomes a playground, a joke and an aimless effort.

✅Don't make money; until you learn how to commercialize your unique self and identity then you're not running a brand but a charitable foundation (organization).

✅Zero Social Media Prescence: building online gives you a wider reach and visibility needed to create more chances for your brand popularity which will in turn lead to brand patronage.



©️Amarachi Obunanim LL.B(First Class), B.L.
Academic & Career Coach.
I teach Academic Excellence and Career Development, ie how to convert knowledge, skill, talent, experience or expertise for influence and affluence

Why choose to revolve round your congregation when generations are waiting for you?

Why choose to revolve round your denomination when nations needs you?

Stop playing small, because the world is your stage.

Another week to remind you to "live beyond borders".

HAVE A BLISSFUL WEEK!!!

On a weekly basis,

Take a pause and ask yourself these questions;

*What did I do last week?
*What did I learn?
*What can I do better?

The goal is not to judge yourself, but to understand yourself because when you do, you gain control over the circumstances surrounding your life.

Real change happens quietly, consistently and gradually.

A SPLENDID WEEK EVERYONE👍

When the breadwinner ceases to have a bakery, the dependants scouts for other means of survival.

Hear me;
You need to care less about title, for title is worthless without a significant influence over people's lives.

Nice Day🌞

Nah grace carry you reach your present level abi nah Okada man?

In every circumstance, please be grateful👌

A Wonder Wednesday to you all!!!