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Nairaland Forum / Nairaland / General / Politics / Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% (31683 Views)
Public Finance Bill: 10 Things You Should Know About It / Senate Okays 7.5% VAT And 6 Other Tax Hikes / Buhari Signs Law Stopping VPs Who Complete President’s Tenure (2) (3) (4)
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Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by kinethic: 1:34pm On Jan 13, 2020 |
Please I need more information about this distributorship. Send me complete details to (talkup22@gmail.com ) thanks Dexpro: |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by bravo158: 1:36pm On Jan 13, 2020 |
The provision for company's annual turnover of less then N25 million to be exempted from paying CIT is ok meanwhile you can register your business name, company, school, association, church/mosque with corporate affairs commission for less amount which will enable you to own corporate account, have access to loans and other government interventions. For general office equipment supply and other office works, contact: kinglad associates 07088881366 |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by staga: 1:37pm On Jan 13, 2020 |
Dexpro: You are the wisest of all others who have responded on this thread. People obviously did not read where MSMEs that make less than N25m are to be exempt from paying tax, and you are already manufacturing your own products. Kudos! Let others be complaining instead of making their own paths. 3 Likes 1 Share |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by Subzero047: 1:38pm On Jan 13, 2020 |
[s] Aidejay:[/s] After all your blabbing you didn't explain anything 4 Likes |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by Nobody: 1:38pm On Jan 13, 2020 |
Aidejay: I tell you. 99.99% of the people typing here have no knowledge of the contents of the 2019 Finance Bill, and are not in any hurry to acquire that knowledge, despite its being readily available. Even of those rare few who will actually go to the trouble of searching and reading its contents, the vast majority will have no idea on how to analyse it. But they are ever ready to print out their bitter opinions on social media. Voluntary ignorance is the worst killer of this generation. 6 Likes |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by ilyasom(m): 1:39pm On Jan 13, 2020 |
See Igbos masturbatory duties all over this thread. 1 Like |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by rummmy: 1:40pm On Jan 13, 2020 |
He can now have enough money to fuel the children presidential jets |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by valarmorghulis: 1:40pm On Jan 13, 2020 |
Sirseedorf:Hit, at least most nigerians will think before spending lavishly from now on. |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by pellummy(m): 1:41pm On Jan 13, 2020 |
Stop longing things, please explain in full details don't compare with other nations, just give us the implications on our day to day activities.... Thanks |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by Tats(m): 1:41pm On Jan 13, 2020 |
I just cannot understand why one has to pay stamp duty for regular transactions when VAT should already be charged for such transactions. Stamp Duty in the UK is mostly applicable when purchasing a property. You pay income tax and whatever is left for you to spend is further taxed several times in the form of VAT, Stamp duty, etc. |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by ChristineC: 1:42pm On Jan 13, 2020 |
what else does the old cunt specialize in if not to increase hardship upon his citizens? 1 Like |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by CSTR2: 1:43pm On Jan 13, 2020 |
And yet some people can openly defend buhari's children abusing federal assets that are being maintained by tax payers.. Thunder fire all Of una. 1 Like |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by biggy26: 1:43pm On Jan 13, 2020 |
ValCon888:Your first paragraph was exactly my thought. The most important bill to sign now is the electoral bill, he and the rubber stamp assembly are now dragging their feet. 1 Like |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by Dpaulie(m): 1:44pm On Jan 13, 2020 |
Hardship 102 |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by akdjr(m): 1:48pm On Jan 13, 2020 |
I remember Jonathan said in an interview that the propose increase in vat propose during his administration will help in national development and urge Nigerians to embrace it if this administration adopt it. So let's watch and see what will come out of it now that we have successfully relegate that party that misrule this country for 16years. 1 Like |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by TooMuchStuff: 1:49pm On Jan 13, 2020 |
tommykiwi:Fixed |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by Angelfrost(m): 1:51pm On Jan 13, 2020 |
LabDNA: Fully seconded here!!!... Let the rich stay rich, while the poor lose further chances of coming out of poverty!!! This is what most of them voted for. 1 Like |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by wink2015(m): 1:51pm On Jan 13, 2020 |
President Muhammadu Buhari has signed the 2019 finance bill into law in Abuja on Monday. It is the Southern Part of Nigeria that the Northerners are imposing this new Tax tarriff. The north refuse to grow their own agricultural economy. They are looking for ways to tax other productive sectors down south while their boys relax under the cover that they are economically poor. 3 Likes |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by Nobody: 1:54pm On Jan 13, 2020 |
Nace5: VAT means value added tax which is imposed on the sales of goods and services. Your president has increased it to 7.5% so this means that a bag of pure water which is currently sold for N100 will probably be sold for N150 - N170, a bag of rice may go for N28,000 to N30, 000 from the current N23, 000, even network providers of Telecom services will increase their tariffs etc. 1 Like |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by Numerouno94(m): 1:54pm On Jan 13, 2020 |
tommykiwi: 50naira for a liter of petrol nd oda unfulfilled promises. Buh if u complain some zombies will call u wailers or Ipob. Naija which way? |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by Angelfrost(m): 1:56pm On Jan 13, 2020 |
Aidejay: Hope you were not among those who voiced out or grumbled when Jonathan's government intended to perish that retrogressive fuel subsidy back in the day??!... 2 Likes |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by Numerouno94(m): 1:57pm On Jan 13, 2020 |
amiibaby:Lol. Baba backward. |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by Merimental(m): 1:58pm On Jan 13, 2020 |
nakaman:Nigerians n humor |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by Merimental(m): 1:58pm On Jan 13, 2020 |
nakaman: sorry. network duplicated d quote |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by urahara(m): 1:59pm On Jan 13, 2020 |
For those of you complaining just know that vat for Ghana is 12.5 percent. 1 Like |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by Nobody: 1:59pm On Jan 13, 2020 |
ilyasom: You will get more hungrier than you currently are with the signing of this bill. 1 Like |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by mechanics(m): 2:00pm On Jan 13, 2020 |
Hmmmmm, just because of the minimum wage, this is not a good news at all, light bills and buying of units for electricity will be affected. 1 Like |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by AerialMapper: 2:00pm On Jan 13, 2020 |
Next Level... Sai Baba |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by Qadaffi2idiamin: 2:02pm On Jan 13, 2020 |
Thunder fire federal government.. Buhari will borrow money and fund their uncircumcised life style... The masses will pay for his deep shit. God punish all APC supporters 1 Like |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by Cotton(m): 2:03pm On Jan 13, 2020 |
Odinaka00: Subsidising your fucking school fees you ignorant asshole. What do you know about finance? This Act is long overdue. Nigerians paying 5% VAT is ridiculous. What have they been doing with all the taxes? Yes some of it has been stolen in previous administrations but the fact is that our revenue generation is near zero compared to what it should be. No we don't have enough money to execute a lot of projects. I am sure you are one of those who believe Nigeria is "rich". |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by DCmonster: 2:03pm On Jan 13, 2020 |
If you voted for buhari in 2015 and/or 2019 and you dare criticize or abuse him, thunder will strike you dead. |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by zoedew: 2:03pm On Jan 13, 2020 |
What a Leader! He is pleased to add to the hardship of a people already largely impoverished and whose earnings have been static! Pathetic!! |
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