aribisala0:
You are the ignorant one but you think you know it all. Please stop talking nonsense. What has VAT got to do with imports?

What is the meaning of initiate and terminate. VAT is the same as Sales or Consumption Tax that means it is paid by the final consumer.
The person who sleeps in the Hotel room,the person who drinks 1000 Naira tea ,the person who watches a movie at silverbird and so on.

Not everything is subject to VAT. There must be Value Added and there is comprehensive guidance. It has NOTHING to do with imported goods which are levied import duties and so on.

VAT is Tax paid mainly by LAGOS RESIDENTS.
In the states they call it Sales Tax and it is not levied by the Federal Government

takenadoh:


Yes they are, why are goods meant for Onitsha shipped through Lagos not Port Harcourt or other ports closer.

Anyway I don't have time to argue, when u check the cost of shipping and handling to these places u'll understand

happybrother:

I know that in progressive federations consumption tax is collected by the states or federating units but here most things are tilted towards backwardness.
Imagine that a some states would ban the sale of Alchohol but would take the lion share from alcohol tax. Let us be fair for once!

aribisala0:
Let us test your brain even fjurther Efe Uses his phone to communicate with EVans the Kidnapper who gets his ransom in Lagos? Where was the VAT generated. You keep arguing about how VAT is multilayer multilevel and then you want to localize it to one point .Reality is you do not have the brain power to carry through that argument

VAT is chargeable on CLEAR VALUE ADDITION activities and there is absolutely no limit to the number of times. When you load a truck of beans it is VATable. You Unload in in another state VAtable. Now the Vat would depend on the Salaries of the loaders and overall cost of loading. Lagos would be higher.
The restaurant owner buys the beans and cooks it it is VAtable.

The customer shitts the beans into his soakaway till it is full and calls the Vacuum truck to suck it out again Vatable so your idea of localizing where VAT is generated is really quite foolish .I am not saying you are but sometimes we all say foolish things because of one reason or another

erico2k2:

Was that not waht I was trying to say when you claimed VAT and Sales tax are same? can you charge sales tax twice on same goods?Now you are back to eat your own vomit,Anyway, Im off to the property and Auto Sections More senses there I guess.

erico2k2:

No not at all, as we speak, my next shipment is to Onitsha Port, for quick clearance, the port at One Rivers state takes a bit longer!

takenadoh:


Onitsha Port they are talking about dredging this and that and inland water way , concession agreement?

aribisala0:
You are contradicting yourself..
Empty vessel
Tell us why Abuja is generating 20% of VAT .

My business moghul

TheKingIsHere:
Lol, when nigerdeltans were complaining that the money being generated from our lands are being shared to other states while they give us a mere 13% back, some clowns were shouting one Nigeria or the resources belonged to everyone.

Ogbeni Ambode, according to your brothers, the VAT money belongs to every state.

Kiss the truth

FTrebirth:
ambode is smarter than i had imagined him.

i just wish he could present this issue to the house and let the negotiations begin. though, i expect the northern caliphate to tremble.

useless parasites!

Biety:
A verry good one from Ambode.

50% is too much.
somebody who is not supporting you in your strugles cannot be sharing your profits equally with you and expect you to keep quiet.

You reject special status for lagos but want to continue sharing equally what is being generated from there. Its unfair.

This fight should not end on the pages of Newspaper. It's a legit fight that should be fought till there is changes.

EzeEbira:
Seconded Nigeria's unity is not negotiable

bolaji73:


http://www.tribuneonlineng.com/lagos-cant-generate-vat-people-take-50-ambode/

PrecisionFx:



No Sire.

Every state must share in the VAT.
Or else FG would have to reopen Onne, Warri n Calabar seaports n Onitsha river port and also build a river port along river niger states like Kogi n benue.

confiritch:
The argument whether Value Added Tax (VAT) and Sales Tax mean the same thing need to be put to rest by reference to their historical background. Before 1st January, 1994 Sales Tax which is also known as Single State Tax was levied on some goods and services in Nigeria and covers only nine (9) categories of goods. The tax base was narrow and negates the fundamental principle of consumption tax which is expected to cut across all consumable goods and services. It is collected by State Government. On the 1st of January, 1994 the Federal Government of Nigeria replaced the Sales Tax with VAT which is also known as Multiple Stage Tax. It has a broader base and applies to the difference between total value of input and total value of output produced at each level of production to the final stage. Due to the difficulty in determining the actual value added, the difference between purchase price and sales price for each stage of production is adopted as the tax base. It is collectible by Federal Inland Revenue Service (FIRS) and the Government realised N8 billion in 1994. The tax rate is 5% in line with VAT (Amendment) Act, 2007. Time will not permit me to discuss Registration, Penalties, Exemption with relevant dates, Calculation and currency of remittance, Tax invoice particulars, Tax Appeal Tribunal and the Role of the Federal High Court. Meanwhile, the distribution of proceeds of VAT is 15%, 50% & 35% to FG, States (including FCT) and Local Governments respectively.

erico2k2:

Bross FG did not close Onne or Onitsha seaport, the only reason you do not know about them is cos you do not have any Biz there, the One and Onitsha ports are functioning,we do not have vessels carrying cars there atm thats the only let down.But soon Im very sure RO RO will soon land Onitsha and One ports and that will be bye bye to Lagos.As things stand people in the EU and US who live in teh SS and SE now fly straight to PHC no need going to Lagos.

PrecisionFx:





The flights are going straight to enugu international airport, not porthacourt.


meanwhile onitsha river Port is dead.

onne port has been converted to a naval base by OBJ.

Warri n Calabar ports were all closed by FG as well.






""we do not have vessels carrying cars there atm thats the only let down""

pls don't say this again.

erico2k2:

Why are you doing this to yourself, I fly to PHC every year since 2011,go on line and Book flight from London to PHC, use Lufthansa, KLM or Air France, see what you get.Non of these flight go to Enugu, there is no route there.
I shipped a container to One port March this year, so waht are you saying, IM scheduled to do a shipment to Onitsha port as we speak,Speak of waht you know Bro no need for assumption

PrecisionFx:



Are u Bipolar

erico2k2:

nah i think you are, and also suffering from Multiple personality disorder>

SalamRushdie:
It's embarrassing that till date no single govt official knows what VAT is ..VAT is nothing but a Tax borne by the last consumer of a product or service , the fact more VAT initiated in Lagos state because it's the gateway of our import Based economy doesn't mean the Tax burden is terminated in Lagos state as it can only be terminated at the point of the last consumer which can be anywhere from Lagos to Zamfara depending on how far goods imported through Lagos go ..Yes Lagos state will initiate most VATS but doesn't terminate most of it ..

okenta2017:


You don't understand what is vat

confiritch:
The argument whether Value Added Tax (VAT) and Sales Tax mean the same thing need to be put to rest by reference to their historical background. Before 1st January, 1994 Sales Tax which is also known as Single State Tax was levied on some goods and services in Nigeria and covers only nine (9) categories of goods. The tax base was narrow and negates the fundamental principle of consumption tax which is expected to cut across all consumable goods and services. It is collected by State Government. On the 1st of January, 1994 the Federal Government of Nigeria replaced the Sales Tax with VAT which is also known as Multiple Stage Tax. It has a broader base and applies to the difference between total value of input and total value of output produced at each level of production to the final stage. Due to the difficulty in determining the actual value added, the difference between purchase price and sales price for each stage of production is adopted as the tax base. It is collectible by Federal Inland Revenue Service (FIRS) and the Government realised N8 billion in 1994. The tax rate is 5% in line with VAT (Amendment) Act, 2007. Time will not permit me to discuss Registration, Penalties, Exemption with relevant dates, Calculation and currency of remittance, Tax invoice particulars, Tax Appeal Tribunal and the Role of the Federal High Court. Meanwhile, the distribution of proceeds of VAT is 15%, 50% & 35% to FG, States (including FCT) and Local Governments respectively.

SalamRushdie:
It's embarrassing that till date no single govt official knows what VAT is ..VAT is nothing but a Tax borne by the last consumer of a product or service , the fact more VAT initiated in Lagos state because it's the gateway of our import Based economy doesn't mean the Tax burden is terminated in Lagos state as it can only be terminated at the point of the last consumer which can be anywhere from Lagos to Zamfara depending on how far goods imported through Lagos go ..Yes Lagos state will initiate most VATS but doesn't terminate most of it ..

KardinalZik:
Restructuring is the only answer!
Let every State generate what they want to spend: let each State be independent from the others and the Central; let every State be autonomous.

LET THE PARASITIC STATES BE REVEALED CLEARLY!

deomelo:



The man was talking about generated VAT on goods and services consumed in Lagos and not on VAT generated off goods and services consumed outside his state.


What is embarrassing is you and your kind displaying gross ignorance and inability to read and comprehend simple and elementary English words.