#2025 Budget

[martyr-mayhem]

Please call your Representatives and Senators TODAY to let them know that you are looking to them to vote NO on the Republican budget proposal, and that you will stand behind them for standing strong, even if a government shutdown results.

Republicans will need Democratic votes to pass anything, but instead of negotiating in good faith, they’re pushing a MAGA budget disaster. On Saturday, House Republicans introduced a new continuing resolution (CR) that would run through the end of the 2025 fiscal year.

Their proposed long-term CR would slash essential programs, attack basic rights, and – worst of all – hand unchecked power over federal spending to Trump, Elon Musk, and their billionaire allies.

Democrats must not fold. They must stand firm and publicly demand a government funding deal that:

1. Guarantees there won’t be any extreme funding cuts in essential programs and any MAGA poison pills attacking abortion rights, LGBTQ+ protections, and immigrant communities

2. Guarantees real, ironclad protections to stop Trump and Musk from hijacking federal spending. The lawlessness must end.

We need to communicate to our Members of Congress our insistence that they vote AGAINST the Republican CR. They need to hear from us because they’re undoubtedly feeling pressure to vote for it. They know that Republicans and some of the media will try to pin the blame for a government shutdown on Democrats if the CR doesn’t pass. We need to let our MOCs know that we will stand behind them for their vote against that CR, even if that means a temporary government shutdown.

[ujaglobaladvisory]

Exploring the new tax incentives for startups introduced in the 2025 Budget. This would include an analysis of the reduced tax rates, tax holidays, and the government’s efforts to foster entrepreneurship and innovation.

In this article, we will explore the key features of the 2025 tax reforms, the opportunities they present for startups, and the challenges that come with implementing these changes. By gaining a clearer understanding of the new tax landscape, startups can make informed decisions that will help them scale and succeed in a competitive market.

Key Features of the New Tax Regime for Startups

The new tax measures introduced in the 2025 Budget focus on making the startup ecosystem more competitive globally. Here are the main highlights:

Lower Corporate Tax Rate

15% Tax Rate for New Startups A major component of the 2025 tax regime is the introduction of a reduced 15% corporate tax rate for new startups in the first 5 years of operation. Previously, this rate was available only for specific sectors or businesses fulfilling certain conditions. The 2025 change broadens this to include more startups, helping them retain more earnings to reinvest in growth.

Eligibility Criteria To qualify, startups must have been incorporated after a certain date (specified by the government). This offers substantial savings for those who are in the early stages of their journey.

Tax Holidays and Exemptions

Tax Holiday for the First 5 Years: Startups incorporated after the 2025 Budget will be eligible for a tax holiday for the first 5 years of their operations, with no minimum tax liability. This is an extension of previous measures that allowed startups to focus on growth and innovation without the immediate pressure of corporate tax.

Carry Forward of Losses: In a bid to help startups focus on growth, the government has extended the ability for startups to carry forward losses even if they haven’t made a profit in the first 10 years of operation. This enables them to offset losses against future profits, reducing tax liabilities in subsequent years.

Easier Compliance and Filing Process

Simplified Compliance: The government has made provisions for simplified tax filings, reducing the compliance burden on new entrepreneurs. With a focus on digital platforms and AI-based systems, the process of submitting returns and managing records will be streamlined.

Reduction in Tax Audits: For qualifying startups, the threshold for mandatory tax audits has been raised, reducing the burden of audits in the initial years of business. This will allow young businesses to focus on their core operations without the distraction of frequent audits.

Enhanced Depreciation on Equipment and Infrastructure

Startups investing in equipment, infrastructure, and technology will be able to claim higher depreciation rates, leading to reduced taxable income. This provision is particularly helpful for technology-driven startups and those in sectors that require significant capital expenditure, such as manufacturing or renewable energy.

[ghlagatindotcom]

Which Kind Of MP Is This? - Ghanaians Share Their Thoughts on MP Caught Sleeping During the 2025 Budget Reading

Ghanaians on social media are having a field day after a video of a MP sleeping in Parliament during the 2025 budget reading surfaced online. The video, which has since gone viral, was taken while Finance Minister Dr. Ato Forson was presenting the much-anticipated budget, outlining the government’s economic plans and financial allocations for the year. The reactions online have been nothing…

[akeliciousmedia]

Rivers Assembly Gives Fubara 48 Hours To Present 2025 Budget

The Rivers State House of Assembly has given Governor Siminalayi Fubara 48 hours to present the 2025 budget to the lawmakers. The lawmakers said this during plenary in Port Harcourt on Monday. More to follow…

[firstoccupier]

Duterte's Allies Accuse Marcos of Budget Manipulation

By Kelvene Requiroso The national budget law took effect after it was signed by the president last month, but the other side of the political aisle hasn’t stopped their insinuations of corruption.  The former president, Rodrigo Duterte, led his allies in Congress to criticize the 2025 General Appropriations Act (GAA) as riddled with blank spaces, at least 13 pages, including items without…

[alabs1]

Fubara Approves Rivers 2025 Budget Just Days After Assembly Presentation

Siminalayi Fubara, governor of Rivers state, has signed the 2025 appropriation bill into law. Fubara signed the N1.18 trillion appropriation bill at the government house in Port Harcourt on Thursday. Speaking after the signing of the budget, Fubara said his administration is no longer concerned with the division in the Rivers assembly. “We have one assembly and that assembly is headed by…

[tracknews1]

2025 budget: Ministry of Works budget N310m for fuel, lubricants

The impact of fuel prices has significantly affected the upward budget proposals of the Ministry of Works as it remained determined to power road infrastructure for Nigerians and the ancillary deliverables along the renewed hope agenda of President Bola Ahmed Tinubu. The ministry, whose expenditure for fueling vehicles and purchases of lubricants for the various mechanicals was appropriated at…

[gurutrends]

2025Budget: Senate passes 2025 budget for second reading, adjourns till January 14

2025Budget: Senate passes 2025 budget for second reading, adjourns till January 14 The Senate has just passed the 2025 budget for second reading. Senators debated the N49.7trillion money bill before passing it for a second reading. It was referred to the Committee on Appropriations, to report back to the floor within four weeks. The Senate later adjourned till January 14, 2025.

[abigailspinach]

[dennistorejaperez]

Lawmakers Stand Firm on Cutting P1.3 Billion from Vice President Duterte’s Budget, Redirecting Funds to Social Welfare and Health

MANILA, Philippines — Lawmakers in the House of Representatives are maintaining their decision to slash P1.3 billion from the Office of the Vice President (OVP) Sara Duterte’s proposed 2025 budget. The funds, originally part of a P2.037-billion request, have been reduced to P733 million, with the savings to be redirected to crucial social welfare and health programs. House Appropriations…

[jayessentialsblog]

The House of Reps has expressed disapproval of the Executive, for the delay in submitting the 2025 budget proposal

The administration of President Bola Tinubu has come under pressure from the House of Representatives for taking too long to present the National Assembly with the 2025 budget plan. The lawmakers contend that the National Assembly is being denied the time it needs to carry out its duties as a result of the Executive’s disregard for Section 11(1)(b) of the Fiscal Responsibility Act 2007. The…

[glitzbot]

Blitz continues to struggle with his spending... for a different reason now

[youreonyourown-kid]

Okay I know award shows are silly but Flow just won best animated motion picture at the golden globes and I love that it’s getting recognized 🥹 it’s really such a beautiful film I hope this inspires more people to give it a chance

[robobrainrot]

Badge of Honor for all my fellow Bots & Cons that braved the hour+ wait to get @plushi 's merch

[saywhat-politics]

Multiple groups call on Senate to reject Vought nomination

Groups oppose Trump's nominee for OMB director

[gurutrends]

2025 budget: Akpabio tells President Tinubu that your tax reform initiative is revolutionary

He also promised that every effort would be made by the National Assembly to ensure that the tax reform bill was passed. Akpabio blamed the controversies surrounding the introduction of the four tax bills—the Nigeria Revenue Board of Nigeria (Establishment) Bill, 2024; the Nigeria Revenue Service (Establishment) Bill, 2024; the Nigeria Tax Administration Bill, 2024; and the Nigeria Tax Bill,…