| Re: VAT Designed To Support The Poor, Says Babatunde Fowler by LastSurvivor11: 8:16am On Mar 27, 2019 |
Korllami007:
I have never met someone that knows someone that knows someone that knows someone that knows someone that knows someone that someone that have collected. Zombies uploaded pictures of people that are not up to 900 claiming that they have finished sharing over 100billion naira  Hahahahahahahaga |
| Re: VAT Designed To Support The Poor, Says Babatunde Fowler by kenmaro: 8:31am On Mar 27, 2019 |
LastSurvivor11:
Can anyone here mention anyone he/she knows that got any part of the $300m abacha loot that buhari shared the poor Honestly, this is one issue that gives great concern but surprisingly, Nigerians are turning a deaf ear to it. This $300m issue is a great lie to the face of Nigerians like a hot slap is to the cheeks. It's a broad daylight robbery greatly promoted & supported by our deceptive pastor cum professor of a vice president. Dem just chop $300m ( ₦108,000,000,000) clean mouth, no Nigerian fit talk like say dem use jazz cover over mouth. Na waoh! fear naija politicians. Democracy is not good for Africans. We shouldn't import a western theory and expect it to work perfectly same way it works in the Europe & America because we are a different race with a different attitude, cultural belongings, religious practices that influence our behaviours. Africans were not in the picture of democratic theory when it was thought-out. You don't give Africans a total freehand without some level of control because of our selfish and corrupt nature. We need to restructure the western type of Democracy to suite our African way so as to make it very effective because there is no African state that is practicing complete democracy. Rather, what we have over Africa is seizure of power by force, by tricks, by cabals, by sit-tight, and a bunch of corrupt individuals who run affairs in upper and lower houses to their taste and gains not minding the feelings or reaction of the masses. Look at China, Russia, Thailand, etc today, they restructured the American democracy to fit their cultural values which is going fine and they are succeeding among other great nations. Some structures are not designed to fit-all situation perfectly, but they have to be reviewed to effectively match an environment, same way it applies to some technological equipment that are regionally designed to match the varying global environment. |
| Re: VAT Designed To Support The Poor, Says Babatunde Fowler by datola: 8:32am On Mar 27, 2019 |
LawrenceOnline:
Other African countries are using technology to move ahead.... Our leaders still thinks good roads are our problem, the colonial mentality. Basic infrastructures such as roads and rails are very important to the development of any serious country. |
| Re: VAT Designed To Support The Poor, Says Babatunde Fowler by Xtopherprince(m): 8:50am On Mar 27, 2019 |
Olasage4:
Pioneers needed In Nigeria.
Anyone can apply.
Contact below
Pioneers in what exactly? |
| Re: VAT Designed To Support The Poor, Says Babatunde Fowler by almarthins(m): 8:52am On Mar 27, 2019 |
Onyemadonald:
The Federal Inland Revenue Service (FIRS) yesterday explained that Value Added Tax (VAT) is a consumption tax primarily designed to support poor people, and not to create hardship for them.
The Chairman of FIRS, Babatunde Fowler allayed fears that the increase in VAT may cause hardship for the poor, stating that VAT is charged on consumption and capacity to consume. He said: “When you don’t consume certain categories of goods and services, you are not liable to pay VAT charges on those items.
VAT is not charged on all medical and pharmaceutical products. It is not charged on basic food items. It is not charged on books and educational materials. It is not charged on baby products, fertilizers, locally produced agricultural and veterinary medicine. VAT is not charged on farming machinery and farming transportation equipment.
“VAT is not charged on all exports, plant machinery and goods imported for use in Export Processing Zones and free trade zone: Provided that 100 per cent production of such company is for export.
“Other services exempted from VAT are medical services, services rendered by Community Banks, People’s Bank and Mortgage Institutions, plays and performances conducted by educational institutions as part of learning and all exported services are exempted from VAT.
Fowler said some people misunderstood what VAT is. VAT is a consumption tax. If you don’t have money to purchase certain categories of goods and services and you don’t consume them, then VAT is not your problem. “VAT is used to assist the needy.
VAT provides support for the needy, not a hardship on them; 85 per cent of VAT collected is shared among states for them to provide free education, free health services, provide basic amenities among others. “We can see what the Federal Government is doing with the tax money. Look at the rail system, the Abuja-Kaduna rail is complete. Look at the Lagos-Ibadan expressway, look at the education system, the school feeding programme among others. If at the state level, your government cannot justify the taxes you pay to them, you have the right to vote them out in the next four years,” Fowler said, according to a statement from FIRS.
Fowler said if countries such as United Arab Emirate (UAE), Saudi Arabia which are rich in oil resources would be laying emphasis on taxation, Nigeria should also emulate them.
The FIRS Chairman also explained that Nigeria’s economy is only picking up in recent times because former administrations over-looked tax reforms and depended on the depletable mineral resources.
SOURCE: https://www.trendingaccounting.com/2019/03/vat-designed-to-support-poor-says.html How many poor has vat supported in this country? |
| Re: VAT Designed To Support The Poor, Says Babatunde Fowler by Nobody: 9:18am On Mar 27, 2019 |
...another insatiable brigand on the loose!
the shithole is beyond redemption! |
| Re: VAT Designed To Support The Poor, Says Babatunde Fowler by SarkinYarki: 9:21am On Mar 27, 2019 |
Lovelyn451:
But I see VAT on every purchase I make, it makes up the price of the item..mention the particular product u think Nigerians dont consume that doesn't require VAT...we consume everything exactly nobody can escape VAT on Nigeria , it's charged on everything 1 Like |
| Re: VAT Designed To Support The Poor, Says Babatunde Fowler by orion7: 9:37am On Mar 27, 2019 |
olas24u:
40 to 60 % of the alcohol come from the west,it is a senator and an area that generates little that should ask.remi tinubu already asked for 1% of the total VAT collected your senators plus does northern senators rejected it. cone from or sold in. what 're we talking about ? and why should tinubu ask for 1% ? hero orijin. guineas. And other beers 're produced in the east. + gins produced in the South. but youruba people must carry nonsense for head. rubbish |
| Re: VAT Designed To Support The Poor, Says Babatunde Fowler by farem: 9:42am On Mar 27, 2019 |
Korllami007:
I have never met someone that knows someone that knows someone that knows someone that knows someone that knows someone that someone that have collected. Zombies uploaded pictures of people that are not up to 900 claiming that they have finished sharing over 100billion naira yet you lot were wailing and crying over tradermoni saying it's vote-buying. Now your memory has been Atikulooted and you cant remember Jack again |
| Re: VAT Designed To Support The Poor, Says Babatunde Fowler by Femeto: 9:48am On Mar 27, 2019 |
This man na thief o after chopping LIRS money he has gone to FIRS to chop more and now he wants to increase his choppings. |
| Re: VAT Designed To Support The Poor, Says Babatunde Fowler by olas24u(f): 9:48am On Mar 27, 2019 |
orion7:
cone from or sold in. what 're we talking about ?
and why should tinubu ask for 1% ?
hero orijin. guineas. And other beers 're produced in the east. + gins produced in the South. but youruba people must carry nonsense for head.
rubbish Because Lagos generates a large %of the total VAT collected in Nigeria, followed by kano,. |
| Re: VAT Designed To Support The Poor, Says Babatunde Fowler by orion7: 10:23am On Mar 27, 2019 |
olas24u:
Because Lagos generates a large %of the total VAT collected in Nigeria, followed by kano,. are saying all these because I asked senator Abaribe to move a motion that denys northern states from getting vATS FROM alcoholic drinks ? you get sense so ? common grout |
| Re: VAT Designed To Support The Poor, Says Babatunde Fowler by olas24u(f): 10:26am On Mar 27, 2019 |
orion7:
are saying all these because I asked senator Abaribe to move a motion that denys northern states from getting vATS FROM alcoholic drinks ?
you get sense so ? common grout Yes ,because he knows what you don't know.abaribe will just nod at your stupidity. |
| Re: VAT Designed To Support The Poor, Says Babatunde Fowler by Ziggylady(f): 10:34am On Mar 27, 2019 |
Charmingrascal:
We Stand with PMB
If PMB's policies are killing your business, your business is killing Nigeria. Look for a legit business to start.
With PMB 60% of our future is secured
Wailers can wail we are proud Zombies I am not bothered about your senseless post berefit of common-sense... What amuses me is the 14 foolsss and counting who "liked" your post...All of whom are piss-poor wretched individuals with zilch hope of any form of decent living 2 Likes |
| Re: VAT Designed To Support The Poor, Says Babatunde Fowler by Tolubory(m): 10:57am On Mar 27, 2019 |
Onyemadonald:
The Federal Inland Revenue Service (FIRS) yesterday explained that Value Added Tax (VAT) is a consumption tax primarily designed to support poor people, and not to create hardship for them.
The Chairman of FIRS, Babatunde Fowler allayed fears that the increase in VAT may cause hardship for the poor, stating that VAT is charged on consumption and capacity to consume. He said: “When you don’t consume certain categories of goods and services, you are not liable to pay VAT charges on those items.
VAT is not charged on all medical and pharmaceutical products. It is not charged on basic food items. It is not charged on books and educational materials. It is not charged on baby products, fertilizers, locally produced agricultural and veterinary medicine. VAT is not charged on farming machinery and farming transportation equipment.
“VAT is not charged on all exports, plant machinery and goods imported for use in Export Processing Zones and free trade zone: Provided that 100 per cent production of such company is for export.
“Other services exempted from VAT are medical services, services rendered by Community Banks, People’s Bank and Mortgage Institutions, plays and performances conducted by educational institutions as part of learning and all exported services are exempted from VAT.
Fowler said some people misunderstood what VAT is. VAT is a consumption tax. If you don’t have money to purchase certain categories of goods and services and you don’t consume them, then VAT is not your problem. “VAT is used to assist the needy.
VAT provides support for the needy, not a hardship on them; 85 per cent of VAT collected is shared among states for them to provide free education, free health services, provide basic amenities among others. “We can see what the Federal Government is doing with the tax money. Look at the rail system, the Abuja-Kaduna rail is complete. Look at the Lagos-Ibadan expressway, look at the education system, the school feeding programme among others. If at the state level, your government cannot justify the taxes you pay to them, you have the right to vote them out in the next four years,” Fowler said, according to a statement from FIRS.
Fowler said if countries such as United Arab Emirate (UAE), Saudi Arabia which are rich in oil resources would be laying emphasis on taxation, Nigeria should also emulate them.
The FIRS Chairman also explained that Nigeria’s economy is only picking up in recent times because former administrations over-looked tax reforms and depended on the depletable mineral resources.
SOURCE: https://www.trendingaccounting.com/2019/03/vat-designed-to-support-poor-says.html Iranu |
| Re: VAT Designed To Support The Poor, Says Babatunde Fowler by akigbemaru: 11:10am On Mar 27, 2019 |
Onyemadonald:
The Federal Inland Revenue Service (FIRS) yesterday explained that Value Added Tax (VAT) is a consumption tax primarily designed to support poor people, and not to create hardship for them.
The Chairman of FIRS, Babatunde Fowler allayed fears that the increase in VAT may cause hardship for the poor, stating that VAT is charged on consumption and capacity to consume. He said: “When you don’t consume certain categories of goods and services, you are not liable to pay VAT charges on those items.
VAT is not charged on all medical and pharmaceutical products. It is not charged on basic food items. It is not charged on books and educational materials. It is not charged on baby products, fertilizers, locally produced agricultural and veterinary medicine. VAT is not charged on farming machinery and farming transportation equipment.
“VAT is not charged on all exports, plant machinery and goods imported for use in Export Processing Zones and free trade zone: Provided that 100 per cent production of such company is for export.
“Other services exempted from VAT are medical services, services rendered by Community Banks, People’s Bank and Mortgage Institutions, plays and performances conducted by educational institutions as part of learning and all exported services are exempted from VAT.
Fowler said some people misunderstood what VAT is. VAT is a consumption tax. If you don’t have money to purchase certain categories of goods and services and you don’t consume them, then VAT is not your problem. “VAT is used to assist the needy.
VAT provides support for the needy, not a hardship on them; 85 per cent of VAT collected is shared among states for them to provide free education, free health services, provide basic amenities among others. “We can see what the Federal Government is doing with the tax money. Look at the rail system, the Abuja-Kaduna rail is complete. Look at the Lagos-Ibadan expressway, look at the education system, the school feeding programme among others. If at the state level, your government cannot justify the taxes you pay to them, you have the right to vote them out in the next four years,” Fowler said, according to a statement from FIRS.
Fowler said if countries such as United Arab Emirate (UAE), Saudi Arabia which are rich in oil resources would be laying emphasis on taxation, Nigeria should also emulate them.
The FIRS Chairman also explained that Nigeria’s economy is only picking up in recent times because former administrations over-looked tax reforms and depended on the depletable mineral resources.
SOURCE: https://www.trendingaccounting.com/2019/03/vat-designed-to-support-poor-says.html |
| Re: VAT Designed To Support The Poor, Says Babatunde Fowler by celeiyke: 1:03pm On Mar 27, 2019 |
Charmingrascal:
I can feed u and ur family
U are the biggest joker of the year. Go and feed from ur dad. Senseless illiterate |
| Re: VAT Designed To Support The Poor, Says Babatunde Fowler by jolyment: 1:03pm On Mar 27, 2019 |
orion7:
wat of toll gate fee ?
will vat from sales of alcohol be used in the north too ?
pls Abaribe should ask this question in plenary asap enough of this leeches Some northerners take alcohol, so North is not exempted. |
| Re: VAT Designed To Support The Poor, Says Babatunde Fowler by LawrenceOnline: 1:08pm On Mar 27, 2019 |
contigiency:
And what do you use to build the road if not technology? You think it's the hoes and cultlasses your mother is using in her village farm work? If you have the technology without good roads how do you think you will look like before the rest of the world? It's people like this that will sit and accept a thing without knowing if here should be an improvement.... Take a picture of road construction in 1998 and the one happening now and tell me the difference. There is more to development than good roads.... Even the power is till an issue here. |
| Re: VAT Designed To Support The Poor, Says Babatunde Fowler by LawrenceOnline: 1:09pm On Mar 27, 2019 |
datola:
Basic infrastructures such as roads and rails are very important to the development of any serious country.
Sure.... Looking beyond is key.... I wouldn't be surprised if Nigeria has better road networks than Rwanda... But look at them now. 1 Like |
