SenseiX:

Ghana has a VAT Of 17.5%

writetopoker:
confused govnment, rubbing peter to pay paul. Stressing d already weak economy. Is dis d employment?, secuirity?, 5k unployed payment? N1to$1? Gud roads? Etc idiotic presdo, confused pedophila

kulobyno:
What d fvck. The 5percent has been an issue to biz men like me when applying for Tax Cearance. When you calcukate Vat for customers they scream. now 10 percent is nightmare.
#ishouldbeinghana



Chai!!!
*runsbacktonigeria*

januzaj:
okOloriburuku omo ................it's your region that is zoo in Nigeria......you people are Animals............Indonesia.. Malaysia.... China... are killing you guys....buh ....you keep on pushing drugs....only Animals behave the way you do....especially goats...if a goat is punished for doing something bad....it ll still come back to do that same thing

Flye:
I'm a big fan of change, but I don't support this unless the 10% is going to be on luxury goods and services, supper rich and already strong industries. Otherwise industries are already folding up in large quantity, last year MAN lost 20% of her members in just a year.

Freemanan:
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.

“The plan is to increase to 10 percent this year, but we have to consult first with relevant stakeholders,” Sunday Ogungbesan, Acting Executive Chairman of the FIRS, told reporters.

Nigeria depends on crude exports for about 70 per cent of government revenue and more than 90 percent of foreign exchange. The price of Brent crude has dropped by more than half since peaking in June last year, undermining President Muhammadu Buhari’s ability to deliver on his election promises since he took office in May.

FIRS will put more effort in meeting targets after its collection of 1.97 trillion naira ($9.9 billion) in revenue in the first half fell short of a goal of 2.29 trillion naira, Ogungbesan said.

“If we achieve our revenue targets, to a great extent government deficits will be reduced,” he said. “Our plan is to bring every business into the tax net, this economy can survive outside oil,” he noted.

www.vanguardngr.com/2015/08/fg-to-increase-vat-to-10/

ladyF:
Nooo impossible. The economy is hard enough for the common man already. Fuel price never come down. We go still buy fuel for gen and transport. Big NO.


[size=20pt] LadyF [/size] and nairalanders strongly object.

januzaj:
okOloriburuku omo ................it's your region that is zoo in Nigeria......you people are Animals............Indonesia.. Malaysia.... China... are killing you guys....buh ....you keep on pushing drugs....only Animals behave the way you do....especially goats...if a goat is punished for doing something bad....it ll still come back to do that same thing

BlackBaron:
Nigerians don't like to pay tax but want good roads, schools and hospitals?

Even at 10%, it's one of the lowest in the world!

bigtt76:
UK is 20%

EgunMogaji:
I'm a Nairalander and I'm not objecting.

What Buhari needs to ensure is that the hole where the resources goes into are plugged so that the common man with a vision can see gains in the future.

The government needs money to operate, they need money to do all these things that we are asking for, good roads, healthcare, education, etc

If they stopped corruption and makes each department heads accountable for their budgets then I'm good.

We all have a part to play in this play. Sunday Ogungbesan must make sure that he doesn't live beyond his salary, doesn't have millions in his account, and other frivolous stuff like that.

vislabraye:

But I thought these guys are going to recover looted funds to run the govt. How long should we wait until these monies are repatriated ? If Buhari can recover our money abroad, it should be enough to run the government at least for a while.

yinchar:
This is the best for this country, no country can sincerely be successfully with VAT less than 10%....honestly

Happiness87:
stop comparing Nigeria to other nations,

those nations have better facilities and infrastructure and they don't have 18500 as minimum wage.

Salaries have not increase, expect prices of goods to increase by 15-35%.

Companies are struggling esp manufacturing sector and they are the ones to be worst hit by the policy.

government can raise IGR through other means not impoverishing the masses, any government policy that does not benefit the people is wrong, no matter how good it seems, the government was instituted because of the people.

when NLC embarks on strike, we will start complaining that they are wicked

BlackBaron:

Lady, VAT is tax on goods! This is the only part of the world where the citizens think only oil would give them the standard of living they aspire.

Fine, don't pay it! Kontinu...with your shabby roads, electricity, no water and expect that a massive oil windfall would fall to give Dubai's standard of living. You all need exposure man!

BlackBaron:

Lady, VAT is tax on goods! This is the only part of the world where the citizens think only oil would give them the standard of living they aspire.

Fine, don't pay it! Kontinu...with your shabby roads, electricity, no water and expect that a massive oil windfall would fall to give Dubai's standard of living. You all need exposure man!

No one's fault that most of you never knew there was something called 'Value Added Tax'. Other countries pay minimum 15% VAT but my fellow countrymen want to almost commit riots over taxes

wiseoneking:
The only sensible burari worshipper. Not just yes ma follower.

Mogidi:


Wow!
Nigeria is nothing without the Niger Delta, the goose that lay the golden egg.

IzonOwei:
nigeria is as good as a shit hole without the niger delta presently...

I cant believe that the government wants to turn on us to wedge the economy..what ever happeneed to slashing the salaries and allowances of government officials to the lowest point?...what ever happened to diversifying our useless economy from the niger delta oil?... ..rubbish...

Happiness87:
see how foolish you are.....

lecture us what you know about VAT, do you think you are talking to kids or fools.

Grow up and mind the words you use online

CR77:
Ode