The Giant Source

12/12/2025

Will POS Operators Also Pay Tax?

The answer is YES, depending on the total yearly income of the POS Operator. According to the new tax law of Nigeria, POS operators might be charged or exempted from being charge base on their income, the structure of the business or turn over. Let’s dig deeper:

1) Personal POS for Sole Proprietors / Micro Businesses:
According to the new tax act, 2025 as amended, assuming your annual income is N800k or below, no need to pay for the Personal Income Tax (PiT). If you earn above N800k or more than N800k entered your account, then Personal Income Tax (PiT) is applicable to you at an estimate rate of 25% of the total amount.

Example: Let’s say the total amount that circulate in your account is 1, 000, 000. Then 1, 000, 000 (total amount) X 25 (FG percent) divide by 100 = 250, 000. This means out of the 1, 000, 000 that entered your account, FG owns 250k, the remaining 750k will enable you to pay rent, utility and hospital bill, eat food and take your family to 5G for outing/chilling, all in 750k? Hmmmmm.

2) POS Registered as Small Companies like Limited Liability Company (LLC):
As for this category of business, if your annual transaction or turnover is below N100m and fixed assets below N250m, then noting concern you with company tax. Meaning, you’re exempted from the Company Income Tax (CiT). But mind you, you still have to file annual returns for your CAC in order to keep it up to date/ active, and to avoid penalties even though your tax is zero.

3) POS With High Volume of Transaction Inflow/Outflow:
If your POS transactions surge above the small business threshold (N800k), you will likely be charged for Company Income Tax (CiT) and taxes based on profits/gains. And don’t forget there’s VAT if applicable.

In conclusion, as a POS operator, book keeping/ recording inflows and outflows is very important. To sustain your business, kindly separate personal fund income from business fund income. With the new tax bill featuring digitalization, all your transactions will be monitored by tax regulatory bodies or authorities.

Dm me or send email to register your business, obtain TIN number, SCUML Certificate etc.

Isiyaku Mohammed Kudu
[email protected]

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12/12/2025

NIGERIA TAX REFORM ACT, 2025.

An act amended by both executive and legislative arm of the federal republic of Nigeria.

This new act was established to repeal/cancel the Capital Gains Tax Act, Casino Act, Companies Income Tax Act, Income Tax Relief Act, Personal Income Tax, Stamp Duties Act, Value Added Tax Act, and the Venture Capital (Incentives) Act.

The new tax reform bill (effective by 01-January-2026) is set to amend the Nigeria Export Processing Zones Act, Oil and Gas Free Trade Zone Act, The National Information Technology Development Agency Act, Petroleum Industry Act, Tertiary Education Trust Fund Act, The NASENI, Customs, Excise Tariffs Act, etc. Moreover, the bill will also amend the National Lottery Act, Nigeria Minerals and Mining Act, Cybercrime Act etc.

According to the FG, this new act will provide unified fiscal legislation governing. The act is applicable to every citizen of Nigeria whether on a personal basis or on behalf of family.

The tax on income shall be in accordance with this new act, basically in regards to
》Profits or gains of any business, enterprise or company
》The total yearly income of every individual or family in Nigeria.
》The income arising, accruing or due to a trustee or an estate.

Furthermore, on income, profits or gains chargeable to tax. The new tax reform act will also be applicable to the following:

》Every profits or gains from any trade/transaction, business, profession or vacation.
》Fees, rents, or royalties.
》Income, profits or gains from disposal or lending securities.
》Prizes, winnings, honoraria, grants, awards and laurels.
》Profits or gains from transaction in digital or virtual assets.

We all need to be very careful and understand the new tax reform act otherwise we will fall victim.

Stay tuned as we dive deeper into how this bill will affect personal income (salary, wages and fees), business (including POS operator), categories of CAC certificate etc.

Isiyaku Mohammed Kudu ✍

14/05/2025

🎬 Study in Saudi Arabia Video: New Detailed Application Guide on How to Apply through "Study in Saudi" Portal 2025!

In this video, I will show you the entire application process step-by-step. Here's what you'll learn:

✔️ How to submit your application successfully.

📝 Key details about the required documents, including format, size, and the type of photo to upload

➡️ How to select your university preferences and what to keep in mind when choosing institutions

Herr's is the Video: https://youtu.be/KGPik_pQbww?si=8gpU-VFe5tSQJgzm

Bashar Gulumbe Yahaya Alfa Fauziyya D. Sulaiman Abdulrahman dahiru kurah Abdullahi Giggs Aliyu Tijani Aliyu Sunusi Abdullahilahi AbbaCsalee Abba Hikima Rariya Ibrahim Abdullahi Rabiat Muhammed Abdullah Madinah Ahmad Musaa Shareeff Haruna Doka Amintacciya Jaafar Jaafar Kabiru Sani Wudil

Send a message to learn more

18/04/2025

ASSALAMU ALAYKUM

TODAY IS FRIDAY 20 SHAWWAL 1446H ACCORDING TO SULTANATE COUNCIL 18, APRIL 2025.

تقبل الله منا جميعا صالح الأعمال فى رمضان و بعده

May Allah give us the ability to observe all our daily Ibadats, accept them and reward us with Jannatul Firdaws.

16/04/2025

Wadannan dukansu mata ne yan ƙabilar mursi dake kasar Ethiopia.

Iya girman awarwaron dake bakin mace iya daukar hankalin mazan da za tayi.

08/04/2025

📣📣📣 SPEACIAL ANNOUNCEMENT! The “Study in Saudi Arabia” admission portal, through which you can apply for a full paid scholarship to 5 Saudi universities at once!

🗓 The dates for accepting applications: From May 1, 2025 to June 14, 2025 (bachelor studies)! As for the postgraduate studies (masters program and PhD) the applications will be accepted from May 1 to October 31.

‼️‼️‼️APPLICATIONS WILL BE ACCEPTED UNTIL JUNE 14, 2025, INSHALLAH. SINCE THE APPLICATION WINDOW IS ONLY 45 DAYS, IT'S A GOOD IDEA TO GET EVERYTHING READY IN ADVANCE!

🔔🔔🔔 ATTENTION: For those that want to translate their documents so you can apply for a scholarship through the Study in Saudi portal, you can Dm us!

06/04/2025

Inada Shaidu da Hujja akan Bala Lau idan ƙarya mukeyi masa ya fito ya rantse da Alqur'ani. ~ Ɗan Jaridar Wikitimes

02/03/2025

_*YAYI ISTIMNA'I - MENENE HUKUNCIN AZUMIN SA*_

*_TAMBAYA (209)❓_*

*_Assalam_*

*_Dan Allah inada tambaya guda biyu 1:mutum yatashi da azumin Monday sai yatashi yaga yy mafarki har yafitar da s***m ya azuminsa?2:mutum ranar laraba yaci abinci misalin 9 to 10 sbd zaiyi azumi alhamis sai kafin 4 sai ya aikata istimna'i har s***m yafita shin zai iyayin wannan azumin da yayi niyya_*

_*AMSA❗*_

*_Waalaikumus Salam_*

*_Indai a mafarki s***m din ya fita to azumin sa yananan_*

*_Indai da Azumi a bakinsa ya aikata Istimna'i har maniyyi ya fita to azumin sa ya baci_*

*_Wallaahu ta'ala a'alam_*

_Amsawa:_

*_Usman Danliti Mato (Usmannoor_Assalafy)_*