Isay_whatilike Podcast

Do Content Creators Need to Pay Tax? Nigeria's New Tax Reform Explained

Thu, 27 Aug 2026 12:44:29 GMT

Season premiere episode diving deep into Nigeria's evolving tax landscape and what it means for the booming creator economy. Key Topics Discussed: 1. Overview of Nigeria's New Tax Reform - President signed four new tax acts into law on June 26, 2025, effective January 2026 - The four acts: Nigerian Tax Acts, Nigerian Revenue Service Acts, Nigerian Tax Administration Act, and Joint Revenue Establishment - Purpose: harmonize taxes, increase tax-to-GDP ratio, reduce dependence on oil revenue - Nigeria's tax-to-GDP ratio is barely a single digit, struggling to reach 9% 2. How Content Creators Are Classified - If you have no registered business, you are classified as an individual and liable to personal income tax - Business name registration (not limited by shares) still falls under personal income tax - Limited liability company registration falls under companies income tax - Key difference: a business name is the same as the individual, while a limited liability company is a separate legal entity 3. How Government Tracks Content Creators - Government has access to banking information through provisions in the tax law - Banks trigger notifications to the Nigerian Revenue Service for certain transaction thresholds - Transactions with compliant businesses create a paper trail through invoices and expense records - The concept of the "tax net" means your transactions with others can bring you into visibility 4. Steps to Become Tax Compliant - Step 1: Obtain a Tax Identification Number (TIN), which is your unique tax ID - Individuals register where they are resident (e.g., Lagos State Internal Revenue Service for Lagos residents) - Limited liability companies register at the nearest Nigerian Revenue Service office - Step 2: Maintain proper record keeping with journals tracking all income and expenses monthly - Tax is paid on profits, not gross income. Profits equal income minus allowable expenses 5. Allowable vs Non-Allowable Expenses - Allowable expenses can legally reduce your taxable income (e.g., business running costs, repairs, maintenance) - Non-allowable expenses cannot reduce your income (e.g., fines and penalties) 6. Myths Debunked - Myth: If I do not own a business, I do not have to pay tax. Fact: All taxable persons who earn income are taxable. Those earning below 800,000 naira annually fall into the 0% bracket. - Myth: I live abroad so I do not need to pay tax in Nigeria. Fact: If you generate income from Nigeria or have economic ties to Nigeria, that income is taxable in Nigeria. You can claim credit for taxes already paid abroad with evidence. - Myth: Paying VAT means I do not have to pay other taxes. Fact: VAT is a consumption tax borne by the final consumer. It is separate from personal income tax and other tax obligations. - Basic food items are zero-rated for VAT, but processed or restaurant food attracts VAT 7. International Income for Nigerian Creators - If you are resident in Nigeria and earn income from international clients, that income is taxable in Nigeria - If international organizations deduct tax before paying you, request evidence of remittance - You can claim unilateral tax credit for taxes suffered outside Nigeria to reduce your Nigerian tax exposure 8. Penalties for Non-Compliance - Ignorance of the law is not an excuse - Penalties are stringent and accumulate daily (compounding) - Five years of non-payment results in significant accumulated penalties Guest: Mr. Adele, a tax analyst with over 10 years of professional experience across financial services, consumer and industrial products, and energy sectors. Graduate of Economics and member of the Institute of Chartered Accountants of Nigeria (ICAN).

Spirituality & Giving | Christianity vs Tradition

Fri, 17 Oct 2025 11:58:22 GMT

Why do people really give — out of faith, fear, or tradition?

In this fiery episode of the Isaywhatilike Podcast, we dive deep into the truth behind spiritual giving in both Christianity and African traditional religion.

We’re asking the hard questions no one wants to talk about:

Is church giving becoming a form of business?

Are traditional sacrifices still relevant in 2025?

Who demands more — the Christian God or the ancient deities?

Can you mix both worlds without betraying your faith?

Expect raw, unfiltered conversations about money, belief, fear, and manipulation in religion — from tithes and offerings to sacrifices and destiny.

Listen till the end for shocking perspectives that might just change how you see giving and spirituality.

Follow the Isaywhatilike Podcast for more bold conversations that challenge the norm.

Every episode, we unpack the truth behind culture, faith, and modern life — with no filters.

The Untold Truth About Men’s Mental Health 💭 | Mtish Global Speaks Out.

Thu, 16 Oct 2025 12:22:28 GMT

Being strong doesn’t mean being silent. 💭

In this episode, we sit down with Mtish Global, a dedicated mental health advocate, to discuss the challenges surrounding men’s mental health. From stigma to silent struggles, we uncover why real conversations are necessary for healing and awareness.

✨ Listen as we break the silence and inspire men everywhere to know that it’s okay to talk.

👉 Don’t forget to like, comment, and follow for more insightful conversations.

Everybody Is Suddenly an Agent in Lagos… But At What Cost?

Thu, 16 Oct 2025 12:14:09 GMT

Why are landlords charging so much? 🏠

And most importantly, what does this mean for the average tenant struggling to find a decent place to live?

Our guest, a housing agent who advocates for lower agency fees, breaks down the reality of the market, exposes common tricks, and shares practical advice for tenants and landlords alike.

If you’ve ever wondered why housing in Lagos feels like a battle, this episode is for you!

📌 Share your thoughts in the comments — have you ever been frustrated with agency fees?

Future of Real Estate in Nigeria | What’s Next?

Thu, 16 Oct 2025 11:35:25 GMT

Everyone keeps saying “real estate is the safest investment.” But with rents climbing and property prices shooting up, what does the future of housing in Nigeria really look like? 🏠

In this episode of the Isay_whatilike Podcast Featuring Modupe_bdhl, we dive into the real estate market — the challenges, the opportunities, and why now might still be the best time to think about investing.

We talk about:

Why property prices keep rising in Lagos & beyond

If housing is truly becoming unaffordable for the average person

The future of real estate in Nigeria over the next 5–10 years

What smart investors should be paying attention to right now

Whether you’re renting, hoping to buy, or considering real estate as an investment, this conversation will open your eyes.

Hit the follow button and join the discussion — the future of real estate concerns all of us.

Why I Chose the Adult Industry – Her Unfiltered Truth

Thu, 16 Oct 2025 11:19:31 GMT

In this explosive episode of the Isaywhatilike Podcast, we sit down with [Gray Africana], an adult film star who’s changing the game and breaking stereotypes.

She opens up about life in the adult industry, why she loves her work, and how she navigates fame, judgment, and freedom of expression.

🎙️ Real, raw, and unfiltered — this conversation dives deep into confidence, sexuality, and self-ownership.

Don’t forget to like, comment, and subscribe for more bold conversations that matter.

Sport Betting Is The New Poverty? |Why the youth stay broke!"' EP1

Fri, 11 Jul 2025 19:54:24 GMT

They win big...but somehow stay broke.

What is really going on?

In this bold comeback episode of Isay_whatilike podcast, we're unpacking the dark truth behind Nigeria's sport betting craze-how it's dranning the youth, feeding false hopes, and fueling a broke generation.

From betting shops on every corner to tickets slips on every phone-this is deeper than just "small plays".

New co-host. New space. New energy.

We're back and saying it louder than ever:

Is sport betting the new silent scam?

Watch, drop your take in the comments, and dont forget to like and subscribe.

The tea is hot. The conversation is hotter. #sportbetting #sportbettingtips #betresponsibly

#podcastrecommendation #moneytalks #hotTakesNija #entertainment #youngandbroke

Can friends have sexual relationships and keep it on friendship level ?

Sat, 01 Jul 2023 12:01:42 GMT

This is an exciting episode on sexual relationships has friends ,if it really works or not . What it entails to be in this kind of relationship,how people tend to fall in love and out of love . It is an episode you should listen to .

Relationship palava (Red flag in a relationship )

Wed, 04 Jan 2023 20:47:42 GMT

Red flag in a relationship that are DEAL BREAKERS .This episode contains vulgar words a bit mixture of pidgin in it .Never the less very entertaining.

Relationship palava (Does a break mean a breakup or going on a vacation?).

Wed, 07 Dec 2022 09:22:23 GMT

Deliberating if break means a break up or a vacation?often time people don’t really make there intention clear to there partners what it means by taking a break ,most people ghost there partner during breaks . Nevertheless sharing different ideas 💡 of the topic .

Relationship palava .

Sat, 26 Nov 2022 11:10:24 GMT

Deliberating on issues in relationship that affect relationship.

My camp experience

Fri, 28 Oct 2022 00:30:17 GMT

My camp experience at obubra

Trip to nysc camp cross river obubra

Sat, 27 Aug 2022 22:01:13 GMT

My trip down to cross river by road ,honestly wasn’t that sweet as I thought it would be …but anyways it was nice

Nysc registration(my village people).

Thu, 18 Aug 2022 16:44:15 GMT

Hi guys this episode is about my nysc registration and how my village people almost used me .