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Multiple Taxation Cause Businesses To Fail - FIRS by Decapo: 12:38am On Dec 09, 2013 |
Federal Inland Revenue Services (FIRS), has blamed the failure of some businesses in the country on multiple taxation. Mr . Koffi Abassi, the Head, Micro and Small Tax Payers Department, said this at the 2013 National Revenue summit organised by Centre for Economic Research and Development. www.vanguardngr.com/2013/12/businesses-fail-firs/ |
Re: Multiple Taxation Cause Businesses To Fail - FIRS by Johnklein(m): 12:44am On Dec 09, 2013 |
Re: Multiple Taxation Cause Businesses To Fail - FIRS by udohjaphet: 3:31am On Dec 09, 2013 |
good point |
Re: Multiple Taxation Cause Businesses To Fail - FIRS by LordMecuzy(m): 5:00am On Dec 09, 2013 |
. |
Re: Multiple Taxation Cause Businesses To Fail - FIRS by eluquenson(m): 7:53am On Dec 09, 2013 |
Really |
Re: Multiple Taxation Cause Businesses To Fail - FIRS by Nobody: 5:24pm On Dec 09, 2013 |
Private agents. The tinubus of this world 3 Likes |
Re: Multiple Taxation Cause Businesses To Fail - FIRS by igbsam(m): 5:32pm On Dec 09, 2013 |
Well said.... |
Re: Multiple Taxation Cause Businesses To Fail - FIRS by wellmax(m): 5:35pm On Dec 09, 2013 |
Good talk. |
Re: Multiple Taxation Cause Businesses To Fail - FIRS by Nobody: 5:35pm On Dec 09, 2013 |
very true!! |
Re: Multiple Taxation Cause Businesses To Fail - FIRS by Omexonomy: 5:40pm On Dec 09, 2013 |
Tinubu and his (thieves) tax contractors are being targeted so that their will not be enough fund to campain for 2015. 3 Likes |
Re: Multiple Taxation Cause Businesses To Fail - FIRS by Nobody: 5:44pm On Dec 09, 2013 |
But most Igbo businesses dont fall now. some famboyant, lazy and stupid folks across will tell me its bloodmoney. |
Re: Multiple Taxation Cause Businesses To Fail - FIRS by Nobody: 5:45pm On Dec 09, 2013 |
This does not make any sense . Disbanding the contractors does not in anyway address the issue of multiple taxation. Set the records straight and close the file |
Re: Multiple Taxation Cause Businesses To Fail - FIRS by Nobody: 5:47pm On Dec 09, 2013 |
Promhize: Private agents. The tinubus of this world Omexonomy: Tinubu and his (thieves) tax contractors are being targeted so that their will not be enough fund to campain for 2015. what are you guys talking |
Re: Multiple Taxation Cause Businesses To Fail - FIRS by Nobody: 6:01pm On Dec 09, 2013 |
Chuksphil2go: But most Igbo businesses dont fall now. Anyone wey tok say blood money easy make de person go do him or her own na.. |
Re: Multiple Taxation Cause Businesses To Fail - FIRS by Nobody: 6:04pm On Dec 09, 2013 |
Multiple taxation by people like T.A orji of Abia State and that Emperor of the west.. The worst is that T.A orji is now using the military and bakassi people to collect the taxes from people because his local touts always gets beaten. Any day una hear of showdown between the military and aba traders make una know say na T.A orji taxation cause am o 1 Like |
Re: Multiple Taxation Cause Businesses To Fail - FIRS by Ezeibe(m): 6:48pm On Dec 09, 2013 |
Very true...... My motor tyre biz is down because of this!!.... Even now most of my goods are in there office |
Re: Multiple Taxation Cause Businesses To Fail - FIRS by Nobody: 7:00pm On Dec 09, 2013 |
aguiyi: TINUBU CRIES BLOODY MURDER – NIGERIA BANS TAX CONTRACTORS |
Re: Multiple Taxation Cause Businesses To Fail - FIRS by Nobody: 8:03pm On Dec 09, 2013 |
Chuksphil2go: But most Igbo businesses dont fall now. they are not talking about roadside boutiques. *runs out of thread* |
Re: Multiple Taxation Cause Businesses To Fail - FIRS by Greatihex(m): 8:15pm On Dec 09, 2013 |
Nawao |
Re: Multiple Taxation Cause Businesses To Fail - FIRS by Nobody: 8:24pm On Dec 09, 2013 |
gboss4sure: Multiple taxation by people like T.A orji of Abia State and that Emperor of the west.. The worst is that T.A orji is now using the military and bakassi people to collect the taxes from people because his local touts always gets beaten. Any day una hear of showdown between the military and aba traders make una know say na T.A orji taxation cause am oI think lack of financial literacy on the part of the entrepreneur is the reason why a business is double taxed. Just get a good corporate lawyer to structure your business well and then seek the advice of a tax strategist. Believe me, you will pay less tax and even cheat on your tax legally. This is one of the secrets of billionaires. 1 Like |
Re: Multiple Taxation Cause Businesses To Fail - FIRS by Nobody: 8:30pm On Dec 09, 2013 |
speedyboi: cus ur silly,flamboyant and lazy folks cant hustle it,they aint streetsmart soo swines cant hang. What happened to Leventis,Kingsway stores,NigerianAirways,NPA,UAC, now Glo is dying slowing. Ur slowpokes cant run business succesfully,the amount that will go into partying will exceed the amount in stock,wen the time for naming ceremony comes they will auction everytin,empty shop and run to buy the latest necklace and lace after naming ceremony comes hunger and aggression 1 Like |
Re: Multiple Taxation Cause Businesses To Fail - FIRS by Nobody: 8:39pm On Dec 09, 2013 |
Chuksphil2go: Just what I wanted *Singing In P-Square's Voice* Personally! Persona-Personally |
Re: Multiple Taxation Cause Businesses To Fail - FIRS by Nobody: 8:43pm On Dec 09, 2013 |
angelinvestor: I think lack of financial literacy on the part of the entrepreneur is the reason why a business is double taxed. Just get a good corporate lawyer to structure your business well and then seek the advice of a tax strategist. Believe me, you will pay less tax and even cheat on your tax legally. This is one of the secrets of billionaires. That's Just it! Most Nigerians are ignorant of so many things. What will shock you is that most of those who parade themselves as 'Graduates' are like this too. Just suffering for nothing when there are lots of things that you could've done. Not only in entrepreneurship.....in virtually everything. |
Re: Multiple Taxation Cause Businesses To Fail - FIRS by Nobody: 10:38pm On Dec 09, 2013 |
angelinvestor: I think lack of financial literacy on the part of the entrepreneur is the reason why a business is double taxed. Just get a good corporate lawyer to structure your business well and then seek the advice of a tax strategist. Believe me, you will pay less tax and even cheat on your tax legally. This is one of the secrets of billionaires.dis guy I don't think you stay in Nigeria. Imagine in a country like Nigeria where we need fiber optic broadband, but the reason why we can have fast and cheaper internet is cos states, local govt and agberos want their own share before telcos will be permitted to lay their pipes. Something dey too will benefit from. But they want to collect their own share first before any story. I'm sorry to say dis , somehow I blame Fashola on issues like dis cos I knew when those optic cables started landing in Lagos , Fashola quickly setup an agency to checkmate the progress of rite of way. At a point he started disturbing telcos cos of basestations(mast) the next thing his in microsoft office doing what sef? My broda, that is into contract work with mainone told me a story about how Lagos state govt agberos started cutting already layed cables. Cos they haven't settle dem omonile. now tell me how dis country can progress technologically .annoying thing is dat other state govrns saw Fasholas action as an eye opener for them to collect their own omonile too. The next thing some clowns will start comparing us with US, UK and malaysia lets continue to fool ourselves. 3 Likes |
Re: Multiple Taxation Cause Businesses To Fail - FIRS by UyiIredia(m): 12:34am On Dec 10, 2013 |
Multiple taxation From a govt. that doesn't provide my water, hasn't tarred my street or done its drainage, and is overwhenmingly wasteful, not to mention how next to impossible it would be for me to find out how taxes are spent This govt ! Dem funny |
Re: Multiple Taxation Cause Businesses To Fail - FIRS by NwekeGodwin: 12:35am On Dec 10, 2013 |
the worst state is Abia and I can't encourage anyone to come and do business in Abia state because your capital will gone for the multiple taxation: is unfair even federal government should look into it 1 Like |
Re: Multiple Taxation Cause Businesses To Fail - FIRS by stanbiggi(m): 6:22am On Dec 10, 2013 |
Yes,its true.I am a practising accountant. Let me give u an instance. 1. FIRS- federal inland revenue 2. LSiRS- lagos state inland revenue 3. Lassa- lagos state signage ....agency, 4. LSFS_ lagos state fire service 5. FFS- feferal fire service 6. Education Tax- 6. Lrma_ lekki resident maintennce agency 7. Rtl- local govt radio/ tv liencence 8. Fhc_ local govt food handling certificate 9.Lgeas_ Local govt environment assesment 10. Lawma_ lagos state waste management 11. Consumption tax _ on the pipe line Tell me who go pay all these bills and still make profit when staff is crying for salary increase,customer are wiser to get cheaper product so the burden is not pushed to them and you also know there are many more bills to pay. As an accountant_ !usiness no easy for nigeria take it or leave it |
Re: Multiple Taxation Cause Businesses To Fail - FIRS by Nobody: 12:02pm On Dec 10, 2013 |
googlepikin: dis guy I don't think you stay in Nigeria. Imagine in a country like Nigeria where we need fiber optic broadband, but the reason why we can have fast and cheaper internet is cos states, local govt and agberos want their own share before telcos will be permitted to lay their pipes. Something dey too will benefit from. But they want to collect their own share first before any story. I'm sorry to say dis , somehow I blame Fashola on issues like dis cos I knew when those optic cables started landing in Lagos , Fashola quickly setup an agency to checkmate the progress of rite of way. At a point he started disturbing telcos cos of basestations(mast) the next thing his in microsoft office doing what sef? My broda, that is into contract work with mainone told me a story about how Lagos state govt agberos started cutting already layed cables. Cos they haven't settle dem omonile. now tell me how dis country can progress technologically .annoying thing is dat other state govrns saw Fasholas action as an eye opener for them to collect their own omonile too. The next thing some clowns will start comparing us with US, UK and malaysia lets continue to fool ourselves. Big bros, i reside and do business in Nigeria. In fact, i started from scratch here so i know what i am talking about. The points you highlighted here are just challenges peculiar to specific industries; just as power supply and security affect other businesses in certain locations of Nigeria. But when it comes tax matters, whether FIRS or LIRS or whatsoever; believe me when i say that there is a legal shortcut. Why do you think Banks and some big men have personal tax advisers or strategists? |
Re: Multiple Taxation Cause Businesses To Fail - FIRS by Nobody: 12:09pm On Dec 10, 2013 |
stanbiggi: Yes,its true.I am a practising accountant. Let me give u an instance.I am a business man with an incorporated firm, i don't pay most of what you listed here. If you are an accountant as you claim, then you should know that there are legal ways to tighten up the books, so as to cut down on the amount of tax you pay to FIRS, LIRS, etc. |
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