Seniorwriter:


He should name the Estate first...i want to check something...
@COMPAQ kindly post the needful.


SMH @So many persons clamoring for what will only be of benefit to looters leaders.

With all the high taxation put in place by the present clueless administration they still go borrowing.

We need young visionary leaders abeg.

@Seniorwriter

Bolustical:
Watch out for white slaves who will condemn the FG for this good initiative.

How can a private entity keep making money from Nigeria without remitting its taxes?

Can a Nigerian firm try the same abroad without the FBI/IRS breathing on its neck?

The hatred for Buhari has made some of you haters of your country but we move.

Joylove2324:
.

traihit:


What are you insinuating?

Do those entities have physical presence in Nigeria? No. Are they the only platforms making money from NIgerians no. What this actually translates to is that the government will be taxing virtually every website that generates income from NIgerians. If that doesn't translate to hardship for Nigerians, no problem.

The question is, why is Buhari all of a sudden interested in taxing tech companies heavily?

TheRareGem1:
Big tech companies need to start paying tax seriously, especially those that have huge and massive presence in Nigeria and the financial act is crystal clear. It's high time.

dalongjnr:

Oga join and follow the rule of the country or get booted out.
The laws are simple as states "In Nigeria, according to the Finance Act 2019, a company will pay taxes if it “transmits, emits or receives signals, sounds, messages, images or data of any kind by cable, radio, electromagnetic systems, or any other electronic or wireless apparatus to Nigeria in respect of any activity, including electronic commerce, application store, high-frequency trading, electronic data storage, online adverts, participative network platform, online payments and so on, to the extent that the company has significant economic presence in Nigeria and profit can be attributable to such activity.

“If the trade or business comprises the furnishing of technical, management, consultancy or professional services outside of Nigeria to a person resident in Nigeria to the extent that the company has significant economic presence in Nigeria” .

COMPAQ:


Fully supported. Why should Netflix, Uber, Air Bnb, Spotify, Apple Music, YouTube etc make money from Nigeria, but not pay any tax in Nigeria!? It means so much Naira will chase dollars for them to repatriate profit, which puts pressure on dollar, which the populace then suffer from. So at least the government should make something.

Torosk1:
Pastor Zebedee

Ayo2004:

This man is all talk and no action,he should please leave politics and go back to his pastorpreneural activities
The most useless VP in the history of Earth

Watch as RCCG members and gullible Yoruba people will flood this thread attacking me with his praise and saying his hands are tied..somebody that only knows how to share 5k

teelaw4life:


You no get sense. You're making tax laws for organisations that have zero physical presence in your country. How does this make sense to you?

MemoriesAndMe:

They'll rather take their businesses to other countries with innovative and welcoming leaders because it appears they're doing Nigeria a favor by keeping them connected with the rest of the world.

It costs companies like google, Facebook, Instagram, Twitter etc nothing to block Nigeria entirely. Rather its Nigeria blocking Twitter when it would have been worse the other way round.

If Nigeria wants tax from them, Mali, Zimbabwe, Togo etc all ask for tax for using services these companies freely provide them, then whats their gain in even dealing with these countries in the first place?

If I was in a capacity to make decisions for a tech giant like google and common Nigeria is asking me to start paying taxes in Nigeria, I'd just be as quiet as Twitter has been about it and silently block all Nigerian IPs from accessing our services. By the time even the lawmakers aren't able to check their emails, can't access their app stores from their android phones and lose all functionalities, their brains will be reset to a point where they'd know they need us more than we need them.

Its almost like saying Google needs to start paying taxes because everyone in Nigeria uses a Gmail account and is affiliated with Google. What alternatives did the government provide before these tech giants provided them with better means of communicating?

Theyre even talking about asking whatshap to pay taxes. How much has anyone in Nigeria paid to use the free whatshap on their phones that Nigeria wants money for the free service whatshap offers Nigerians, on servers maintained by the company that wants to keep Nigeria included.

By the time this crop of leaders are done, everyone will be back to the age of writing letters to eachother when these companies all bar Nigeria totally from their services.

Theunbothered:


This is dumb and unenforceable because many online companies don't have any offices in Nigeria.

Even if they did try and enforce it, the companies would just block access from Nigerian IP addresses if the stress from the government is too much.

Many of you use the Internet every day yet have no clue how it works.

greenguy:
Osinbanjo the mumu messenger. Sometimes I wonder who's more daft between him and his master.

TheRareGem1:


And this is a wake up call if they block IP addresses from Nigeria for our so called tech gig to come up with our own platform.

How is it dumb when the Finance Act 2019 empowers the Federal Government to collect taxes on the Nigerian income of global tech giants with significant economic presence here, even if they have not established an office or permanent establishment and are currently not paying taxes in Nigeria. Section 4 of the Finance Act 2019, provides that “the Minister (Finance) may by order (of the President) determine what constitutes the significant economic presence of a company other than a Nigerian company" ?

Hndrrxxx:
So all you and BUBU can come up with is paying tax??

teelaw4life:


You no get sense. You're making tax laws for organisations that have zero physical presence in your country. How does this make sense to you?

TheRareGem1:



He only know how to share 5k. Are you normal. That money you think it's small, even with the situation, it is a big amount to the vulnerables who receive it. I was watching channels TV, airing success stories on CCT, and to my surprise what these beneficiaries are doing is wonderful; when they receive alert of the 5k, they gather their selves in 20 number, contribute the money in form of cooperative, they set roaster and when it's your turn, you go home with 100k, I said to my self, this is wonderful and same thing goes to the market money 10k too. Stop speaking trash please

Jackson105:


He is at least still better than your father

TheRareGem1:
Big tech companies need to start paying tax seriously, especially those that have huge and massive presence in Nigeria and the financial act is crystal clear. It's high time.

spacechuks:
When will fulani herdsmen pay tax too?

Despite government resources geared towards building ranches, there seems to be no revenue generation for the government as the fulani herdsmen dont pay tax to FIRS

This country is dead

COMPAQ:


Dude in my estate, we have unlimited fibre optic. If your don't know what obtains, too bad for you. Not my fault!

Ayo2004:

RCCG illiterate spotted

MemoriesAndMe:

They'll rather take their businesses to other countries with innovative and welcoming leaders because it appears they're doing Nigeria a favor by keeping them connected with the rest of the world.

It costs companies like google, Facebook, Instagram, Twitter etc nothing to block Nigeria entirely. Rather its Nigeria blocking Twitter when it would have been worse the other way round.

If Nigeria wants tax from them, Mali, Zimbabwe, Togo etc all ask for tax for using services these companies freely provide them, then whats their gain in even dealing with these countries in the first place?

If I was in a capacity to make decisions for a tech giant like google and common Nigeria is asking me to start paying taxes in Nigeria, I'd just be as quiet as Twitter has been about it and silently block all Nigerian IPs from accessing our services. By the time even the lawmakers aren't able to check their emails, can't access their app stores from their android phones and lose all functionalities, their brains will be reset to a point where they'd know they need us more than we need them.

Its almost like saying Google needs to start paying taxes because everyone in Nigeria uses a Gmail account and is affiliated with Google. What alternatives did the government provide before these tech giants provided them with better means of communicating?

Theyre even talking about asking whatshap to pay taxes. How much has anyone in Nigeria paid to use the free whatshap on their phones that Nigeria wants money for the free service whatshap offers Nigerians, on servers maintained by the company that wants to keep Nigeria included.

By the time this crop of leaders are done, everyone will be back to the age of writing letters to eachother when these companies all bar Nigeria totally from their services.