Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,161,567 members, 7,847,372 topics. Date: Saturday, 01 June 2024 at 04:24 PM

FIRS Generates N66bn From Stamp Duties In 5 Months - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / FIRS Generates N66bn From Stamp Duties In 5 Months (14847 Views)

Escape From Stamp Duties & Other Bank Charges Via This CBN Approved Bank / N50 Stamp Duties POS Charge Begins / FIRS Generates N2trn In 7 Months (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

Re: FIRS Generates N66bn From Stamp Duties In 5 Months by cashinnaira: 2:17pm On Jul 01, 2020
I thought it was stolen money from the poor people who believes they have a savings account.
Re: FIRS Generates N66bn From Stamp Duties In 5 Months by coldFLARES1(m): 2:23pm On Jul 01, 2020
DonFreshmoney:
Trust me that the real amount is up to N100billion, they need to exclude the ones that top directors and national assembly will loot before releasing the depleted figure to the public.. even this figure self, quarter will also be looted by those who will spend the money on audio projects in the country
Only good thing about announcing that figure is the fact that aspect of revenue generation can now be up for scrutiny. But that figure, for the said period, is quite laughable.

For better accountability, technology should be deployed so as to substantially plug holes for revenue leak.

Just how would you explain it if me, that's somewhere far below, pays as much as #4,000 in a month for transfers as stamp duty, when they are well over a million account holders doing greater volumes than I do.

Then what about Corporate entities? Just too many thieves in high places to stifle the growth and progress of this country.

2 Likes

Re: FIRS Generates N66bn From Stamp Duties In 5 Months by farem: 2:45pm On Jul 01, 2020
Fluke!
Elsewhere like Japan and China, it will be credited to Nipost and never FIRS.
That is why Chinese Postal can easily finance banks.
Re: FIRS Generates N66bn From Stamp Duties In 5 Months by hupo: 3:16pm On Jul 01, 2020
This policy was forced down the throat of Nigerians effortlessly without any resistance.

This present day government is a good representation of what the devil does. Gives you a small morsel and takes away your entire food storage.

1 Like

Re: FIRS Generates N66bn From Stamp Duties In 5 Months by ProT: 3:25pm On Jul 01, 2020
Islie:


https://m.guardian.ng/news/firs-generates-n66bn-from-stamp-duties-in-5-months/

More like:
FIRS steals 66billion naira (in 5 months) from already impoverished Nigerians.

2 Likes

Re: FIRS Generates N66bn From Stamp Duties In 5 Months by Gkemz: 3:43pm On Jul 01, 2020
Am thinking of pulling my resources from banks or close transaction with all the banks I bank with and focus on only one because I can't continue to pay stamp duty and other charges and taxes for ordinary savings accounts.

After cutting taxes from salary, Covid19 VAT, you still expect one to pay stamp duty from the savings. This government is antihuman.
Re: FIRS Generates N66bn From Stamp Duties In 5 Months by blessedchild234(m): 4:10pm On Jul 01, 2020
That's Wat's up
Re: FIRS Generates N66bn From Stamp Duties In 5 Months by mkpurumma090(f): 5:41pm On Jul 01, 2020
No worry Access bank debited my precious money...
Stupid bank and their ingredients

2 Likes

Re: FIRS Generates N66bn From Stamp Duties In 5 Months by Psalmwel77: 5:41pm On Jul 01, 2020
*Having an Online Business which you are the Boss would be a LUCRATIVE DECISION you'll make this NEW DECADE�✅*

*Learn to work from your Home and Work with your Phone and Still Make Extra Income Daily*�

*Can someone tell me why banks encourage us to buy airtime from our accounts?choose RAGP and earn like the banks.*
*Join our free VTU business group to know more about the business*
���
https:///DKEP9MHJl9uBoCnpI4lrRi
Re: FIRS Generates N66bn From Stamp Duties In 5 Months by Kaybaba5(m): 6:03pm On Jul 01, 2020
We don't have government that loves masses in this country.....

They are gathering for themselves but God sees everything
Re: FIRS Generates N66bn From Stamp Duties In 5 Months by DAVE5(m): 6:58pm On Jul 01, 2020
DonFreshmoney:
Trust me that the real amount is up to N100billion, they need to exclude the ones that top directors and national assembly will loot before releasing the depleted figure to the public.. even this figure self, quarter will also be looted by those who will spend the money on audio projects in the country

Quarter would be looted?

in this same Nigeria wey me and you sabi, the 66billion under quoted value don finish already cos them don share am since, they just dey tell us make e no be like say Dem no tell us nah

1 Like

Re: FIRS Generates N66bn From Stamp Duties In 5 Months by DAVE5(m): 7:03pm On Jul 01, 2020
coldFLARES1:
Only good thing about announcing that figure is the fact that aspect of revenue generation can now be up for scrutiny. But that figure, for the said period, is quite laughable.

For better accountability, technology should be deployed so as to substantially plug holes for revenue leak.

Just how would you explain it if me, that's somewhere far below, pays as much as #4,000 in a month for transfers as stamp duty, when they are well over a million account holders doing greater volumes than I do.

Then what about Corporate entities? Just too many thieves in high places to stifle the growth and progress of this country.

Scrutiny by who abeg?


Oga, in this Nigeria, nobody can scrutinize any government cos the government is the judge, accused and defendant, lawyer, law maker, accountant, auditor, tax collector and bribe collector and sharer of stolen funds, so who wants to scrutinize

Make we talk other better things ojere, that money is no longer available for public use the moment it was generated


Obasa of Lagos wey Sahara report bin dey upload him tales like "tales by moonlight" don turn "super story"

This is Nigeria, nothing dey happen

We the masses just sidon dey look like luku luku the lukman
Re: FIRS Generates N66bn From Stamp Duties In 5 Months by Babaibejii: 7:27pm On Jul 01, 2020
Islie:


https://m.guardian.ng/news/firs-generates-n66bn-from-stamp-duties-in-5-months/

Ok o. Good 1, but pls dont show us the money before office catch fire. We are okay with this audio billions
Re: FIRS Generates N66bn From Stamp Duties In 5 Months by unikwa: 7:32pm On Jul 01, 2020
Since so much is being made from suffering Nigerians, isn't it time to reduce Stamp Duty, to lessen the burden on Nigerians during this difficult period?
Re: FIRS Generates N66bn From Stamp Duties In 5 Months by luluosas(m): 9:44pm On Jul 01, 2020
That's what Buhari defrauded from impoverished Nigerians
Re: FIRS Generates N66bn From Stamp Duties In 5 Months by coldFLARES1(m): 10:13pm On Jul 01, 2020
DAVE5:


Scrutiny by who abeg?


Oga, in this Nigeria, nobody can scrutinize any government cos the government is the judge, accused and defendant, lawyer, law maker, accountant, auditor, tax collector and bribe collector and sharer of stolen funds, so who wants to scrutinize

Make we talk other better things ojere, that money is no longer available for public use the moment it was generated


Obasa of Lagos wey Sahara report bin dey upload him tales like "tales by moonlight" don turn "super story"

This is Nigeria, nothing dey happen

We the masses just sidon dey look like luku luku the lukman
Quite sad I was only looking at the ideal situation, where those vested with the responsibility of oversight would ask probing questions, but no!.....I still sure know that no ideal situation can be replicated in Buhari's Nigeria.

But, thankfully, by Heavens help, we are making incremental progress and breaking limits on a steady. So, however badly they rig the system, we are firmly rooted under the shadows of the Almighty, and our supplies shall never run dry.

1 Like

Re: FIRS Generates N66bn From Stamp Duties In 5 Months by Nobody: 11:09pm On Jul 01, 2020
celeiyke:
This guy has done what FOWLER couldn't do.

You are a very lousy thinker, what has he done? Mallam does not come when things are hard and requires hard thinking, they only come to chop. They only come when money is coming, it is that time they remember no northerner has occupied that position. Was he there for several years when the issue of stamp duty which was not declared for several years by banks was brought out by the founder of School of Banking Honours (SBH), this was introduced to Senator Buruji Kashamu while in the Senate.That was the beginning of the processes that led to active advocacy and recovery of stamp duty before the Finance act 2019 was passed that placed much emphasis on it. All these happened after several consultants have done various jobs on it. He was never part of any of these processes. No sector of the economy globally had made positive impact this year.

Another huge tax is coming from telecom sector (call, SMS, POS transaction, pay TV). All these are taxes that Fowler had worked extensively upon their contributions to tax collected by FIRS and sought approval for their collection in 2019 after mechanism for their collection has been designed. They only bring you to use after which they dump you.
Re: FIRS Generates N66bn From Stamp Duties In 5 Months by DAVE5(m): 6:21am On Jul 02, 2020
coldFLARES1:
Quite sad I was only looking at the ideal situation, where those vested with the responsibility of oversight would ask probing questions, but no!.....I still sure know that no ideal situation can be replicated in Buhari's Nigeria.

But, thankfully, by Heavens help, we are making incremental progress and breaking limits on a steady. So, however badly they rig the system, we are firmly rooted under the shadows of the Almighty, and our supplies shall never run dry.

Hopefully sir, hopefully

1 Like

Re: FIRS Generates N66bn From Stamp Duties In 5 Months by celeiyke: 10:37am On Jul 02, 2020
babaolofin:


You are a very lousy thinker, what has he done? Mallam does not come when things are hard and requires hard thinking, they only come to chop. They only come when money is coming, it is that time they remember no northerner has occupied that position. Was he there for several years when the issue of stamp duty which was not declared for several years by banks was brought out by the founder of School of Banking Honours (SBH), this was introduced to Senator Buruji Kashamu while in the Senate.That was the beginning of the processes that led to active advocacy and recovery of stamp duty before the Finance act 2019 was passed that placed much emphasis on it. All these happened after several consultants have done various jobs on it. He was never part of any of these processes. No sector of the economy globally had made positive impact this year.

Another huge tax is coming from telecom sector (call, SMS, POS transaction, pay TV). All these are taxes that Fowler had worked extensively upon their contributions to tax collected by FIRS and sought approval for their collection in 2019 after mechanism for their collection has been designed. They only bring you to use after which they dump you.




After all these statements, what is the metric for measuring performance in that office? The only one I know is[b] how much did you collect as revenue collector[/b]. The man has done far better than FOWLER
Re: FIRS Generates N66bn From Stamp Duties In 5 Months by Nobody: 11:54am On Jul 02, 2020
philipstanley:
N66Billion


From January to May


I refuse to believe Nigeria is poor

Nigerian isn't poor, is just that money isn't circulation.

Nigeria a country where they milk the poor to enrich the politicians, Las Las the governments will share the 66 billion amongst themselves.
Re: FIRS Generates N66bn From Stamp Duties In 5 Months by Nobody: 7:51pm On Jul 02, 2020
celeiyke:



After all these statements, what is the metric for measuring performance in that office? The only one I know is[b] how much did you collect as revenue collector[/b]. The man has done far better than FOWLER

That is primitive herdsmen school of thought judgement. The foundational analysis and building block was laid by somebody, somebody invested ideas and resources, he was removed when the yield is coming. You only came to reap what you did not sow, the labour of Nigerians in pains effortlessly. Is there any business making profits? This is not a tax on turnover, but on transactions.

Tomorrow if tax on calls, sms, pos transactions and pay TV yields hundreds of billions despite businesses and movement lockdown for months, wil you now judge performance on the amount collected at a period Nigerian cargo was unsold for months at sea and many lost their jobs and government all over the world are given palliative to citizens for survival on technology tax collected automatically through software integrated on those platforms? Then that is foolishness if you don't appreciate those who put the system in place. That is why University of California yearly budget is higher or the same as Nigerian budget for the same year, because most Nigerians are just existing and not living. A person who reasons like an animal is an animal.
Re: FIRS Generates N66bn From Stamp Duties In 5 Months by celeiyke: 10:05pm On Jul 02, 2020
babaolofin:


That is primitive herdsmen school of thought judgement. The foundational analysis and building block was laid by somebody, somebody invested ideas and resources, he was removed when the yield is coming. You only came to reap what you did not sow, the labour of Nigerians in pains effortlessly. Is there any business making profits? This is not a tax on turnover, but on transactions.

Tomorrow if tax on calls, sms, pos transactions and pay TV yields hundreds of billions despite businesses and movement lockdown for months, wil you now judge performance on the amount collected at a period Nigerian cargo was unsold for months at sea and many lost their jobs and government all over the world are given palliative to citizens for survival on technology tax collected automatically through software integrated on those platforms? Then that is foolishness if you don't appreciate those who put the system in place. That is why University of California yearly budget is higher or the same as Nigerian budget for the same year, because most Nigerians are just existing and not living. A person who reasons like an animal is an animal.


Keep typing on cheap data.
Fowler also benefited on records of others. In a query to him, he realized revenue below that of his predecessor when denominated in USD.
Oga for once accept this guy has dusted Fowler's acclaimed success.

(1) (2) (3) (Reply)

OPEC Agrees To Cut Production; Oil Prices Surge / Innoson To Begin Tyre Production In Nigeria / Laundry Services: How do you cope with erratic power, & make profit?

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 46
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.