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Nairaland Forum / Nairaland / General / Politics / FG To Increase VAT From 5% To 10% (3272 Views)
Lagos Can't Generate VAT And Others Take 50℅ - Ambode / Adeosun: 55% Of Nigeria’s VAT Is From Lagos / FG To Increase VAT To 10% (2) (3) (4)
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FG To Increase VAT From 5% To 10% by moderatorr1: 8:38pm On Aug 07, 2015 |
Nigeria plans to double the value-added tax rate to 10 per cent this year to help shore up government revenue eroded by the declining price of oil, the country’s main export, the Federal Inland Revenue Service said.http://www.vanguardngr.com/2015/08/fg-to-increase-vat-to-10/#sthash.AqRfkdyn.dpuf |
Re: FG To Increase VAT From 5% To 10% by Elslim: 8:42pm On Aug 07, 2015 |
ok |
Re: FG To Increase VAT From 5% To 10% by Brownhypo: 8:45pm On Aug 07, 2015 |
Baba, keep the good works coming |
Re: FG To Increase VAT From 5% To 10% by Nobody: 8:47pm On Aug 07, 2015 |
I don't have a problem with this. But the principle of derivation should also apply to Vat. The situation where State X with 40 local governments gets more vat revenue than State Z with 20 local governments whereas State Z generates more Vat should be stopped. It's is unfair. Other transactions should also be brought into the Vat net - eg trading in cows, tomatoes, artisans fees, etc. 2 Likes |
Re: FG To Increase VAT From 5% To 10% by Nobody: 8:47pm On Aug 07, 2015 |
It's inevitable, I'd say 15% 1 Like |
Re: FG To Increase VAT From 5% To 10% by seunmsg(m): 9:10pm On Aug 07, 2015 |
Buhari better not try this. |
Re: FG To Increase VAT From 5% To 10% by GenBloodykiIler: 9:10pm On Aug 07, 2015 |
Obiagelli: |
Re: FG To Increase VAT From 5% To 10% by moderatorr1: 11:17pm On Aug 07, 2015 |
seunmsg:lol |
Re: FG To Increase VAT From 5% To 10% by 9jatatafo(m): 2:32pm On Aug 08, 2015 |
Nigeria we hail thee |
Re: FG To Increase VAT From 5% To 10% by clefstone(m): 2:32pm On Aug 08, 2015 |
T |
Re: FG To Increase VAT From 5% To 10% by Warlord3000(m): 2:33pm On Aug 08, 2015 |
They will soon be here |
Re: FG To Increase VAT From 5% To 10% by candidbabe(f): 2:33pm On Aug 08, 2015 |
H |
Re: FG To Increase VAT From 5% To 10% by qualityovenbake(m): 2:33pm On Aug 08, 2015 |
Is this our election victory gift |
Re: FG To Increase VAT From 5% To 10% by Nobody: 2:33pm On Aug 08, 2015 |
Wasn't this on FP yesterday? Anyway.....thanks to the fall in oil price....we are increasing the taxes....so that we can pay for the daily needs of life. If you want VAT to go down....pray that oil prices jump up again. Another good reason why Nigeria must get off oil. |
Re: FG To Increase VAT From 5% To 10% by nawtikid(m): 2:33pm On Aug 08, 2015 |
bushdoc9919:I was gon say d same thng |
Re: FG To Increase VAT From 5% To 10% by toxiflam: 2:33pm On Aug 08, 2015 |
hmmm Fuel subsidy removal > or= VAT increment. #watching in 3D |
Re: FG To Increase VAT From 5% To 10% by nerfetiti: 2:34pm On Aug 08, 2015 |
Ki leyi
|
Re: FG To Increase VAT From 5% To 10% by orekelewa09(f): 2:34pm On Aug 08, 2015 |
j |
Re: FG To Increase VAT From 5% To 10% by emamos: 2:35pm On Aug 08, 2015 |
adejams:for who? |
Re: FG To Increase VAT From 5% To 10% by dammytosh: 2:35pm On Aug 08, 2015 |
Sacrifice worth paying. Will gladly pay 10% vat on my income than pay TITHE. Apologies. |
Re: FG To Increase VAT From 5% To 10% by Iceman296: 2:35pm On Aug 08, 2015 |
Nigerians won't have a Problem with this, Just that tax Payment should be Transparent to the Least, and All these Government officials should also Pay their Tax!! |
Re: FG To Increase VAT From 5% To 10% by Nobody: 2:35pm On Aug 08, 2015 |
Other oil producers are doing the same thing... |
Re: FG To Increase VAT From 5% To 10% by emamos: 2:36pm On Aug 08, 2015 |
nerfetiti:ekunwo vat |
Re: FG To Increase VAT From 5% To 10% by arsetalks(m): 2:36pm On Aug 08, 2015 |
I don't think this will be tried. It will amount to great inflation. Another reason why buhari needs to asap appoint his ministers. |
Re: FG To Increase VAT From 5% To 10% by Nobody: 2:36pm On Aug 08, 2015 |
Obiagelli:buhari's pant sniffer |
Re: FG To Increase VAT From 5% To 10% by Adele200(m): 2:36pm On Aug 08, 2015 |
It's a welcome development given that all the tax collected will be judiciously utilized.
|
Re: FG To Increase VAT From 5% To 10% by Nobody: 2:36pm On Aug 08, 2015 |
vat |
Re: FG To Increase VAT From 5% To 10% by Nobody: 2:36pm On Aug 08, 2015 |
What happens to civil servants salary then? Any increment? |
Re: FG To Increase VAT From 5% To 10% by tobtap: 2:36pm On Aug 08, 2015 |
good |
Re: FG To Increase VAT From 5% To 10% by Sunofgod(m): 2:38pm On Aug 08, 2015 |
Change |
Re: FG To Increase VAT From 5% To 10% by Obinoscopy(m): 2:38pm On Aug 08, 2015 |
bushdoc9919:https://www.nairaland.com/2510057/fg-increase-vat-10 |
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