Pepsi4me:
Buhari will not kill us

You didn't read, just jumped into typing rubbish.

How about Value Added Tax we pay for mobile calls. Bring down the internet data rate. Then we know the new finance act is for the masses.

Deathissweet:
Only a jobless buharist will take his time to read this shit

how exactly do you aim to gain knowledge when you don't read.

Auto dealers and customs agents, I hope you can all see reduction of levy from 35% to 5%.

Our beloved Country Needs Prayers From Her Citizens

Pepsi4me:
Buhari will not kill us

Do you understand English at all or its just that you can't read and understand ? Which one ?

Okay we are watching

OlujobaSamuel:
Good one though
Tax relief to CACovid donor isn't a nice idea.
Virtually all big corporations donated, if you give them tax relief, where do you intend getting fund to run the government, from the masses and salary earners?

This is the bit that instantly struck me. It's needless.

Nigerians are over taved already... It will be good if things changed for real

leokid866:

how exactly do you aim to gain knowledge when you don't read.

I do but not anything concerning Nigerian government. I gave up long time ago

Sienna price will reduce

Mgbadike80:
I think these moves are actually to stimulate tax paying by reducing the rates thereby encouraging companies to pay.I honestly don't think this is what Nigeria needs most now, clearing a vehicle through the extremely corrupt Nigerian customs is not based on official tariffs but by been willing to pay whatever you're asked to pay even if the receipt for such payment says that you paid 600k even when you actually paid 1.8 million, any attempt to claim your right would only attract sorry, tears and blood. NB: The finance minister told the senate that Value added tax (VAT) would be increased next year, why is the government not telling us about it. The current government is a scam.

If sense should kill you, pls I'd advise you take it easy

Deathissweet:


I do but not anything concerning Nigerian government. I gave up long time ago

How can you be in Nigeria, work or do business in Nigeria and ignore news about the Nigerian government.....lol.

OlujobaSamuel:
Good one though
Tax relief to CACovid donor isn't a nice idea.
Virtually all big corporations donated, if you give them tax relief, where do you intend getting fund to run the government, from the masses and salary earners?

That was d reason y they contributed covid palliatives not necessarily because they were generous

Fairly good

teeytimi:
This is a wrong economic move. Reducing tax and levies on imported product will only increase importation thereby putting more pressure on our local companies with lower comparative advantage.
Tax reduction or holiday should have been on companies operating within Nigeria alone.
My humble submission

The taxes on imported cars, passanger vehecles and trucks just had to be crushed. The state of the economy has adversely deminished the purchasing power of Nigerians. Check nairaland auto, most of the vehicles being traded are Nigerian used. Trucks etc are not being replaced. Isn't it everyday you hear of fuel tankers etc having accidents of breaking down? The crashed duty will encourage replacement.
Now to protect local vehicle assembling businesses, government agencies should be mandated to purchase only locally assembled cars( only gov can afford them). They should be banned from importing brand new vehicles.
This will help citizens own affordable tokumbo cars while the local automobile industry is also sustained.

leokid866:

How can you be in Nigeria, work or do business in Nigeria and ignore news about the Nigerian government.....lol.

Nigerian government is too Unserious to take serious. You go just kill your self

OlujobaSamuel:
Good one though
Tax relief to CACovid donor isn't a nice idea.
Virtually all big corporations donated, if you give them tax relief, where do you intend getting fund to run the government, from the masses and salary earners?

The maximum amount of tax relief that they grant them will be limited to the amount that they donated to CACovid and they can only enjoy the relief if they declared profit at the end of year. In addition, irrespective of amount that they donated, what they can claim in a financial year can not be more than certain percentage of their addressable profit for the year.

Don't jubilate too much, remember, Dangote Refineries would begin operations by next year , and most European countries are now tilting to electric cars, so hope u are imagining what am thinking?

bobchigar:

The maximum amount of tax relief that they grant them will be limited to the amount that they donated to CACovid and they can only enjoy the relief if they declared profit at the end of year. In addition, irrespective of amount that they donated, what they can claim in a financial year can not be more than certain percentage of their addressable profit for the year.

Yea, I know it's subject to a particular percentage or amount, but note that individuals also donated in their own personal capacity, yet, won't benefit from this gesture.
I think govt gesture through contract award or something similar should be better.
That way, they do legitimate business for the govt, the company then benefits from the project through profit.

I Love PMB

Good move!

However, pending the time I finally japa from this country, I will be praying for better lifestyle for all and sundry...



There is no way Nigeria will move forward with our Northern brothers.

teeytimi:
This is a wrong economic move. Reducing tax and levies on imported product will only increase importation thereby putting more pressure on our local companies with lower comparative advantage.
Tax reduction or holiday should have been on companies operating within Nigeria alone.
My humble submission

The mallomites are preparing for oil doom, they wantvto flood the country with tractors for Agric, if the southerners are clever, they d do the same.

Pepsi4me:
Buhari will not kill us

Bros you no Sabi read ni? Govt de make some relief you talk say buhari no kill us. At least take time to read small before you comment