Generally, I support individuals paying tax. But when I consider some of the things that keep happening to the money collected as tax and other form of revenues, I keep wondering if its a good idea to continue paying tax in Nigeria.

Can you state some of the possible things that happens to the money we pay as tax in Nigeria?

A politician may just decide to buy his girl-friend a new car with your tax money.

Na wafor Nigeria govt

@OP
have you seen the kind of salary that these criminals in Gov. receive? i guess thats where tax money goes.

tax money is important IF it gets used the way it should: help Nigeria grow...
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Probably for building and maintaining basic infrastructure (roads, provide health care, and all . . . . etc, etc ) and paying public officers like yellow fever LASTMA and policemen (who eventually beat you up). That's what it should be @ least, but in Naija, nothing is properly accounted for, so the story might be totally different.

Just did a quick google search for tax receipts for 2011, and came up with 4.6 Trillion Naira . Also did another one for customs receipts for 2011, and came up with 602 Billion Naira .

Add both figures together and you get about $35 Billion Dollars .

This doesn't include receipts from 'oyel' and other sources.

Pray, can someone tell me what we did with all that money seeing as 2012 budget is only about 4.8 Trillion Naira. Or am i missing something ?

The mind boggles walahi

It depends. Taxes are grouped under Federal, State, and {perhaps} Local Governments {depending on whose jurisdiction the subject of taxation lies, amongst few other factors}. Income tax is probably the most common state tax and company tax is probably the most common Federal Tax. If you reside in a state like Lagos, chances are a significant proportion of your tax is put to good use. I won't advice anyone to pay company tax. Besides the fact that it's hardly ever enforced {because the oil wells haven't dried up, so the Feds don't have much need for your money}, it makes no sense giving your hard-earned money to those gluttons in Abuja who're probably receiving much more than you without the "Hard."

e dey enta voice mail

kombats: e dey enta voice mail

or call divert!!!

Pakavy: or call divert!!!

into private pockets. I recall the case of over 356million paid into the account of a state board of Internal revenue and through various private withdrawals only 32 THOUSAND NAIRA was left.

I think dis discussion shld not be laughed. I hv always asked d question in my heart. N4.6Tr from Tax. Yet budget is 4.8Tr. We need to ask d Minister of Finance for explanations.

bakila:

into private pockets. I recall the case of over 356million paid into the account of a state board of Internal revenue and through various private withdrawals only 32 THOUSAND NAIRA was left.

There does exist the phrase "Private Contractors."

what kind of question is dis ?.

You come 9ja new abi u no dey live 4 9ja? Na which one come be tax collected again? Nigeria is a free tax country

jjjkkkooo: I think dis discussion shld not be laughed. I hv always asked d question in my heart. N4.6Tr from Tax. Yet budget is 4.8Tr. We need to ask d Minister of Finance for explanations.

The tax you pay on your personal and non-registered business income goes to the state of your residence wholly. The tax paid by the registered limited liability companies goes to the federation account from where it is shared by all tiers of government in accordance with revenue allocation formula just like oil money.

You have set the taxes collected nationwide from companies and custom duties all of which are payable to federation account for sharing between federal, states and local goverments against the federal budget only

A bunch of greedy Northerners buy themselves new houses and expensive cars for their wives/girlfriends. That's what happens.

IRS must be very rich in this country, minister of money na dumbass!

IFA is your friend, ask him.

When you pay that your tax, it will help enable National Assembly approve additional N38.8bn jumbo allowance for members.

3strike: what kind of question is dis ?.

what kind of question are u asking?

it"s good to pay tax but Our tax always embezzle in Nigeria

PROUD-IGBO:
Just did a quick google search for tax receipts for 2011, and came up with 4.6 Trillion Naira . Also did another one for customs receipts for 2011, and came up with 602 Billion Naira .

Add both figures together and you get about $35 Billion Dollars .

This doesn't include receipts from 'oyel' and other sources.

Pray, can someone tell me what we did with all that money seeing as 2012 budget is only about 4.8 Trillion Naira. Or am i missing something ?

The mind boggles walahi

haba! you no go school? Custom duty is a part of tax receipt.

jjjkkkooo: I think dis discussion shld not be laughed. I hv always asked d question in my heart. N4.6Tr from Tax. Yet budget is 4.8Tr. We need to ask d Minister of Finance for explanations.

mr man, our tax receipt does not amount to 4.6T. The total revenue accruing to the federation account (oil sales plus tax like VAT, duty, royalties, etc) is shared by the RMAFC according to an agreed proportion by the federal, state and local govt. The share of the FG is what you call federal budget. Mind you, the LGA's collect rents, states collects income tax, while the FG collects corporate tax. So your tax as an individual does not get to the FG.

egift: When you pay that your tax, it will help enable National Assembly approve additional N38.8bn jumbo allowance for members.

Gbam

olayinka1987: A bunch of greedy Northerners buy themselves new houses and expensive cars for their wives/girlfriends. That's what happens.

Are the northerners the only ones spending the money? What about the southerners?

mr man, our tax receipt does not amount to 4.6T. The
total revenue accruing to the federation account (oil
sales plus tax like VAT, duty, royalties, etc) is shared by
the RMAFC according to an agreed proportion by the
federal, state and local govt. The share of the FG is
what you call federal budget. Mind you, the LGA's collect
rents, states collects income tax, while the FG collects
corporate tax. So your tax as an individual does not get to
the FG.. Even at dat it is necesry dat a topical n debate issue like dis shuldnt b laughed at because we must find a way of fitin coruption n registerin our displeasure

babs4president: mr man, our tax receipt does not amount to 4.6T. The
total revenue accruing to the federation account (oil
sales plus tax like VAT, duty, royalties, etc) is shared by
the RMAFC according to an agreed proportion by the
federal, state and local govt. The share of the FG is
what you call federal budget. Mind you, the LGA's collect
rents, states collects income tax, while the FG collects
corporate tax. So your tax as an individual does not get to
the FG.. Even at dat it is necesry dat a topical n debate issue like dis shuldnt b laughed at because we must find a way of fitin coruption n registerin our displeasure

then, start with your LGA

The tax goes straight into the CORRUPT NIGERIAN GOVERNMENT OFFICIALS private accounts "local and Domiciliary" for their spending and while they toss just a few here and there when election and re-election campaign is at hand.

in swiss bank of switzerland