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Nairaland Forum / Nairaland / General / Business / POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira (26394 Views)
Stamp Duty Charges Extended To Savings Account / 50 Naira Stamp Duty For Transactions Above 1000 Naira / VAIDS: FG Reviews States, Private Sector’s Pleas For Extension Of Deadline (2) (3) (4)
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by omoadeleye(m): 10:51am On Nov 28, 2019 |
When dem see that e no fit work for 1k... |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by frankmoney(m): 11:00am On Nov 28, 2019 |
I can bet you ... This pos people won't stop charging 50 naira |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by nauto: 11:03am On Nov 28, 2019 |
<= <= NIGERIA » In Physics, Nigeria is a scalar quantity We have magnitude but No direction. 1 Like |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by folahan30(m): 11:03am On Nov 28, 2019 |
please I need your help towards registering my pregnant wife for antenatal. please no amount is too small. 0018160748 GTB Folahan gbenga abayomi |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by mechanics(m): 11:07am On Nov 28, 2019 |
hisexcellency34:You are absolutely right, don't mind those saying is a good development. 3 Likes |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by Nobody: 11:12am On Nov 28, 2019 |
Slawormir: You are strange. |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by udoka2013: 11:13am On Nov 28, 2019 |
Slawormir:Mr man,I think you reside not in Nigeria which prompted you to make that statement. |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by BabaO2: 11:15am On Nov 28, 2019 |
ussv:still not good, is it because ur purchasing power will not be up to 10k? Buhari and his northern cabals proofing to know what they don't know are disaster. This inconsistency only confirms Emefiele is not fit for the job, and by the way who owns already collected 50k before the official collection date of Dec 1? 1 Like |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by empire2017(m): 11:16am On Nov 28, 2019 |
I just wished the going to refund " we merchant" our money.... Just wishing ooo God help us all 1 Like |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by Arizona1: 11:17am On Nov 28, 2019 |
SarkinYarki:They must obey. Ask before you make payment |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by Nobody: 11:18am On Nov 28, 2019 |
SarkinYarki:. merchants are complying already ... since monday on my pos transactions i don't get charged. 1 Like |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by empire2017(m): 11:21am On Nov 28, 2019 |
ericsmith:I will like to talk to you.... which bank do you operate with because my own I'm still being charged... Please your contact is need bro... |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by Awoo88: 11:28am On Nov 28, 2019 |
You want to encourage cashless economic yet making it costly. Mumu people. The thing should be at least 100k. 1 Like |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by sinola(m): 11:39am On Nov 28, 2019 |
I think they have observed a sharp decline on the use of POS across board maybe that was why they are coming up with this now... I love the people of Nigeria. Dem no dey carry last. 1 Like |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by Valindazz(m): 11:40am On Nov 28, 2019 |
Me too, i am still being charged. I use access bank pos, you? empire2017: |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by empire2017(m): 11:42am On Nov 28, 2019 |
Valindazz: FCMB.... |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by Grace001: 11:43am On Nov 28, 2019 |
Useless country! Almost 70% or more of her citizens are living below poverty line, yet they want to introduce tax. You can imagine, if masses can cry out over just 50 naira I mean common 50 naira then truly Nigeria is indeed a headquarter of poverty 2 Likes |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by SarkinYarki: 11:45am On Nov 28, 2019 |
ericsmith:Great then |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by pannyman(m): 11:45am On Nov 28, 2019 |
I wonder whether the CBN governor was even thinking when they introduced this tax. People attain high degrees and yet they are unable to impact society positively. They use their exalted status purely for personal aggrandisement. |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by Mopolchi: 12:00pm On Nov 28, 2019 |
hisexcellency34:We talk am before. E beta to stand for queue than to dash FG hardearned 50 naira. 2 Likes |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by freeze001(f): 12:13pm On Nov 28, 2019 |
It was just plain stupid to introduce a levy on all POS payments above 1000; how many payments are ever below 1k? This policy somersault and indecisiveness is a major minus from doing business generally in the country; the FG and its agencies need to be more proactive and better informed before rolling out/enforcing certain policies. The worst part is that they either ever do sufficiently wide consultations or just deliberately refuse to listen to sound advise until the negative outcome warned about actually begins to happen then they undertake reactionary measures and still find a way to blame ordinary citizens and they never take responsibility. 1 Like |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by uuzba(m): 12:18pm On Nov 28, 2019 |
Whois:Which Thanksgiving holiday? |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by uuzba(m): 12:20pm On Nov 28, 2019 |
empire2017:Abi? Nobody will talk about the one they've already carried? |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by NOETHNICITY(m): 12:25pm On Nov 28, 2019 |
SarkinYarki:You are very correct Me I've already almost dumped my own ATM 1 Like |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by Nobody: 12:27pm On Nov 28, 2019 |
empire2017: i don't run as a pos merchant, i am just a customers, am on access, zenith & gtb. if you are merchant still xperiencing stamp charges just visit ur bank customer care .. best tin to do. |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by DonroxyII: 12:28pm On Nov 28, 2019 |
Slawormir:shut up Nigga and keep ya Damn mouth shut!! The ones they have been collecting is enough to do whatever d fvck they wanna do but Check National Assembly Budget , the recurrent vs Capital .... Are monies being used for what they are earmarked for ..... Check presidency budget..... what was 2018 and 2019 budget performance...... visit each ministry did the budgetary release meet the performance..... same goes for all States in Nigeria!! Nigeria will pay more if they get value for what they are paying not some1 using their monies to build hotel here and there and carrying girls all over the world .... buying exotic cars and their children shutting down hotels and malls abroad!! again, shut up Ok!! 1 Like |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by ogbuefi677(m): 12:54pm On Nov 28, 2019 |
hisexcellency34:Emefiele knows. Problem is Buhari and the cabal. Few of the abokkis who have small banking experience are d ones making these policies and passing it to Emefiele thru Abba Kyari. Emefiele himself has no option than play ball or they will sack him and jail him. |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by xana101: 1:28pm On Nov 28, 2019 |
Thank God cos I started carrying cash |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by omoharry(f): 1:51pm On Nov 28, 2019 |
I stopped using POS immediately i discovered i had paid over 500 for a 10 times transaction via POS just for last month; so i decided to use cash now. I now pay with cash and will continue till all the merchant obey this new policy.Why should I pay government extra tax when i am being tax from my salary and other goods and services everywhere with nothing to show for it.They will not eat my money via this channel. 1 Like |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by edoairways: 1:59pm On Nov 28, 2019 |
mechanics:Similar fate await 7.5% VAT rate by 2020 |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by mechanics(m): 2:11pm On Nov 28, 2019 |
edoairways:how, please explain? |
Re: POS Stamp Duty: FG Reviews 50 Naira To Transactions Above 10 Thousand Naira by edoairways: 2:15pm On Nov 28, 2019 |
mechanics:The government plans to increase VAT by 50% meaning there might slight increment in price of goods and services. The effect may result in demand which may invariably lead to slight unemployment |
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