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Nairaland Forum / Nairaland / General / Politics / Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% (31684 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 Zooposki(f): 3:23pm On Jan 13, 2020 |
The South cannot be feeding the North. All they do is breed terrorism and vote for useless leaders. We have to go our separate ways. Enough is enough. 3 Likes |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by sulaak(m): 3:24pm On Jan 13, 2020 |
VAT should be 20% |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by urahara(m): 3:28pm On Jan 13, 2020 |
Numerouno94: I can compare Ghanas economy to that Of Nigeria bro. Nigeria gdp per capita income is $ 2 ,222 while that of Ghana is $ 2,223. Pls state the basic necessities that Ghanians enjoy. I'm curious ? Civil servants don't comprise most of our labor force so the point that you made about governors not paying salaries is moot. |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by bezimo(m): 4:06pm On Jan 13, 2020 |
Buhari commited to moving Nigerians from one level of hardship to the next level of hardship..he promised next level....but he meant next level hardship and poverty...but they voted him in again to do this..what a useless country!! Now things will go up by at least 20%.. 2 Likes |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by Cotton(m): 4:07pm On Jan 13, 2020 |
Blackfriday: What exactly are you saying? What does annual turnover have to do with VAT? If your turnover is less than 25m per annum then you are exempt from Company Income Tax, not VAT! Then I don't understand what the meal receipt has to do with this? Please clarify. |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by Nobody: 4:08pm On Jan 13, 2020 |
prince3009: Thank you very much |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by Stan2330(m): 4:24pm On Jan 13, 2020 |
So far the north are together with us in this act, I won't complain Let the fittest survive |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by coldFLARES1(m): 4:35pm On Jan 13, 2020 |
patani:Up until your post, I only got to read silly rants of properly uneducated fellows, that I wondered if I had started lacking comprehension. I don't know about Nigeria's VAT of 7.5% being one of the least in Africa, but would have loved to be availed what items are covered. But the part I loved was exempting companies with annual turnover less than #25m from paying company income tax. Another one that gets my thumbs up is the PSC profits. Makes sense to me! 2 Likes |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by patani(m): 5:02pm On Jan 13, 2020 |
segzysexy: I know statements like yours will come up.. Dont think everything in those countries i mentioned are better than Nigeria... One thing I know is that things are extremely cheaper in Nigeria than any if those countries. Including food n housing.. For instance, if u earn 90k in SA, you will sleep under bridge or live in shark.. If you earn 650k in some US cities, ucant afford to rent a house 1 Like |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by patani(m): 5:13pm On Jan 13, 2020 |
LabDNA: Wats your point.. SA makes billions of dollars from Gold and Tourism Namibia is 2.5million population, they make huge amount of money from fish, Uranium and Diamond as well as tourism.. The Kalahari desert can be mistaken for Dubai deserts... So fermans and other european tourist troup to Namibia for sun amd holidays.. So wats your point? |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by Nobody: 5:16pm On Jan 13, 2020 |
Good luck to Nigeria economy, Govt ready to take what they can’t give. Una do good. Baba do good oo |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by Wettoid123: 5:18pm On Jan 13, 2020 |
youngsahito: Begins or continue. |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by patani(m): 5:19pm On Jan 13, 2020 |
Sprumbaba: Its called Sales Tax but administered by each state which is different from what is in Nigeria because it's administered by Fedral gov in Nig... Above all they are all percentage charged on a sale that will eventually be remited to government irrespective of which government |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by patani(m): 5:20pm On Jan 13, 2020 |
urahara: As in... Out individual reasoning is doing a large chunk of damage to nigerian state apart from what politicians are doing 2 Likes 1 Share |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by justmide(f): 5:30pm On Jan 13, 2020 |
On top #2500 minimum wage increase. Lol. Interesting |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by lexy2014: 6:01pm On Jan 13, 2020 |
tommykiwi: U forgot to add "The Federal Government also raised the threshold from which stamp duty will be charged for online transactions from the current N1,000 to N10,000." |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by lexy2014: 6:05pm On Jan 13, 2020 |
patani: So ur point is that d govt is trying to ensure that d average income wouldn't be able to afford a decent accommodation |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by lexy2014: 6:09pm On Jan 13, 2020 |
patani: Same way our govt envies these countries were higher VATs are paid but don't envy d commitment of these govts in properly using d proceeds of d VAT 1 Like |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by emecheboy2(m): 6:13pm On Jan 13, 2020 |
Where are the Sai baba folks. 1 Like
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Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by Bahddo(m): 6:18pm On Jan 13, 2020 |
lexy2014:mehn... This is the part I am most upset about |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by ThierryJay: 6:38pm On Jan 13, 2020 |
Cotton: You re wrong. The Finance bill also contains provisions exempting companies with annual turnover of less than N25million from paying or filing VAT returns. |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by OgogoroFreak(m): 7:19pm On Jan 13, 2020 |
GamalNasser:Why do you want to see what he is doing with his money? |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by ForkDragnet: 7:40pm On Jan 13, 2020 |
youngsahito:in your life abi? 1 Like |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by abah001: 8:04pm On Jan 13, 2020 |
this the price to be paid when the people choose to elect a useless government, things are going from bad to worst and the government does not care. no good road, no electricity, no water, no good hospital, no work, no good house, no good environment, air pollution everywhere, no security of life and properties still you people are still increasing VAT. God will judge all of you |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by lexy2014: 8:07pm On Jan 13, 2020 |
OgogoroFreak: Pls read what his comment again and compare it with your own |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by segzysexy(m): 8:22pm On Jan 13, 2020 |
patani:we all know those tax collected in the aforementioned countries are channelled for the development of the their economy and also repatriated back to the system for the benefit of the less priviledged. In this country no one knows where all the tax payer funds are diverted into. Lets call a spade a spade our government has failed us. |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by OgogoroFreak(m): 8:31pm On Jan 13, 2020 |
lexy2014:If someone loots money, it becomes his money. |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by lexy2014: 8:34pm On Jan 13, 2020 |
OgogoroFreak: Now are u saying that buhari has looted money? |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by OgogoroFreak(m): 8:35pm On Jan 13, 2020 |
lexy2014:Yes nau. Why else is he not doing anything? You think he is saving the money for me and you? |
Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by lexy2014: 8:39pm On Jan 13, 2020 |
OgogoroFreak: That is a knock out punch on buharis so called integrity
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Re: Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% by zoomman(m): 8:43pm On Jan 13, 2020 |
patani:Can u compare the living standard in those countries with ours? |
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