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FG May Increase VAT Rate By 2.5% In 2021 - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / FG May Increase VAT Rate By 2.5% In 2021 (19089 Views)

We’re Proposing Law To Increase VAT To 10% –presidential Tax C’mtee / Bola Tinubu Asks Osinbajo And FG Not To Increase VAT, Widen Tax Bracket Instead / You Can’t Increase VAT, Tinubu Tells FG (2) (3) (4)

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Re: FG May Increase VAT Rate By 2.5% In 2021 by Grace001: 4:31am On Nov 16, 2020
We will all be alright! Las las
Re: FG May Increase VAT Rate By 2.5% In 2021 by Macphenson: 4:32am On Nov 16, 2020
Kkj
Re: FG May Increase VAT Rate By 2.5% In 2021 by Commanderinpips: 4:33am On Nov 16, 2020
What kind of irresponsible government is this that only think of milking its citizens. Shame.

1 Like

Re: FG May Increase VAT Rate By 2.5% In 2021 by Twelfthman: 4:40am On Nov 16, 2020
Okay.


Zeus pls help me compress that thunder well for them.
Re: FG May Increase VAT Rate By 2.5% In 2021 by rollandben(m): 4:42am On Nov 16, 2020
Things get increase on the country on a daily basics. i just hope Nigeria get healed soon.
Re: FG May Increase VAT Rate By 2.5% In 2021 by leisuretym: 5:03am On Nov 16, 2020
Providing employment to boost productivity that will lead to economy improvement is the only way, because all these pen on paper theories doesn't work if there is high rate of inflation and unemployment plus insecurity and injustice!

Naira will soon become tissue paper if you continued this try and error policy ,

You can see security has failed in the face of unemployment .

Just watch! These old men after after runing out of lenders want to increase VAT to fund the high cost of governance ...lol Kolewerk!! Whatever percent you increase will reflect in the market price and inflation rate.

Never vote an illiterate as your President.

7 Likes

Re: FG May Increase VAT Rate By 2.5% In 2021 by tunapawizzy: 5:03am On Nov 16, 2020
Edopesin:
Revenue that will be channeled and used in building more and more physical infrastructure. The concept of human infrastructure is alien to the people in powers, any hiccup they are off to Europe for medicare ignoring the citizens that cannot afford such luxury
they will never understand this...too short-sighted to see the long term benefit..even when they see the long term benefit, they are too selfish to follow up on it...they prefer to buy bread n garri for the people to eat

1 Like

Re: FG May Increase VAT Rate By 2.5% In 2021 by tunapawizzy: 5:06am On Nov 16, 2020
Commanderinpips:
What kind of irresponsible government is this that only think of milking its citizens. Shame.
any government that is not creative, willing and intelligent will always resort to milking the citizens to generate income. they cant do more than what is in their head..the unfortunate part is ´this thing is not rocket science´

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Re: FG May Increase VAT Rate By 2.5% In 2021 by dikeigbo2(m): 5:12am On Nov 16, 2020
congratulations to Nigerians

1 Like

Re: FG May Increase VAT Rate By 2.5% In 2021 by bigfish3k: 5:23am On Nov 16, 2020
They did testing the waters with the last increase and was shocked to discover our docility now they want to come out harder.

We should expect it to reach 20% increment before the end of this administration.

SE and SS is justified rejecting this government

2 Likes

Re: FG May Increase VAT Rate By 2.5% In 2021 by IMAMofWAR: 5:25am On Nov 16, 2020
just say will. i hate pretenders angry
Re: FG May Increase VAT Rate By 2.5% In 2021 by Katier00(f): 5:39am On Nov 16, 2020
tamdun:
Baba Buhari, u are a disappointment, I wonder why some southerners are still supporting Buhari, he really disappointed a lot of us who used to support him.
Am 100% sure most of the tax will come from south, the burden on South is just too much, our leaders better wake up.
he is constructing second Niger bridge and Enugu Onitsha express road
Re: FG May Increase VAT Rate By 2.5% In 2021 by Ochemicals: 5:40am On Nov 16, 2020
There was a time many people were shouting Sai Baba. They never knew things would change truly.
Karma is truly a bastard.

Enjoy your change. I'm off to Europe to cool down. When dust settle, I fit come back
Re: FG May Increase VAT Rate By 2.5% In 2021 by Godformeeeeeee: 5:41am On Nov 16, 2020
IME1:
Why not now
loooooooooooooooong hiss lipsrsealed

Nothing positive or citizen friendly...

Thank God my help is in the name of the Lord Who made heaven and earth not any any man not even on myself...

God alone

Re: FG May Increase VAT Rate By 2.5% In 2021 by Ochemicals: 5:49am On Nov 16, 2020
Nigerians are very foolishness. They voted in a Fulani man and expected to be treated better than cows. Not possible nah.

1 Like

Re: FG May Increase VAT Rate By 2.5% In 2021 by Balofariojames: 5:50am On Nov 16, 2020
All these money budgeted for this year, where are they spend it to,?
The agreement made with ASU are still there yet to be fulfilled and these are imbedded in the budget.
How can we explain all these mess.
If it were in USA, once you are not capable to fulfill your promise to the latter, you quit.
2021budget year will be giving name as if it is going to be well with citizens.
One thing I know, we would all give account of how we spend our time here on getting to home. Roman 14:12
Re: FG May Increase VAT Rate By 2.5% In 2021 by DrAkpa(m): 5:54am On Nov 16, 2020
Ochemicals:
There was a time many people were shouting Sai Baba. They never knew things would change truly.
Karma is truly a bastard.

Enjoy your change. I'm off to Europe to cool down. When dust settle, I fit come back

Lol, U still dey Naija? grin some of us who saw the future have been on economic and political exile since 2015 when the bastard buhari was elected into power
Re: FG May Increase VAT Rate By 2.5% In 2021 by AFONJACOW(m): 5:55am On Nov 16, 2020
It has been long time since I heard Sai Barbar in this forum, seems like poverty has resetted their brains , anyway lemme help them shout Sai Barbar

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1 Like

Re: FG May Increase VAT Rate By 2.5% In 2021 by Myhusband(m): 5:56am On Nov 16, 2020
you're borrowing to do unrealistic projects but deprive your citizens from social incentives and Amenities, these bunch of docile citizens didn't talk yet they will still pay for the loan they didn't send you to borrow?


Buhari is a world class clown but how did this man found himself in military school in the first place, he's not smart and who certified this minister of extortion and embezzlement as a graduate of management?


a lot of things is wrong with this good for nothing country

1 Like

Re: FG May Increase VAT Rate By 2.5% In 2021 by Nobody: 6:02am On Nov 16, 2020
This news is distractive.

People are busy enjoying the change they 'voted' for already.
Re: FG May Increase VAT Rate By 2.5% In 2021 by cashinnaira: 6:05am On Nov 16, 2020
Next time Nigerians hear B U H A R I they will no is a sign of higher poverty

1 Like

Re: FG May Increase VAT Rate By 2.5% In 2021 by F117nighthawk: 6:08am On Nov 16, 2020
VAT keeps increasing now like PETROL PUMP PRICE, VAT too is under deregulation like FUEL, continue to steal and reap Nigerians off and tell us u are making good policies, There is no body under this evil government of CHANGE that will go without reaping their reward
Re: FG May Increase VAT Rate By 2.5% In 2021 by November1857(m): 6:10am On Nov 16, 2020
bigfish3k:
They did testing the waters with the last increase and was shocked to discover our docility now they want to come out harder.

We should expect it to reach 20% increment before the end of this administration.

SE and SS is justified rejecting this government
They voted in this government in order to punish SE/SS people ,but revised is the cast!

2 Likes

Re: FG May Increase VAT Rate By 2.5% In 2021 by bukatyne(f): 6:17am On Nov 16, 2020
Nigeria is a tragic comedy.

I truly hope the Americans get the change they are looking for.

1 Like

Re: FG May Increase VAT Rate By 2.5% In 2021 by Nobody: 6:24am On Nov 16, 2020
MrHighSea:
no jobs.
whr u wan see VAT collect.
I wonder my brothergrin

Yeye government with fish brain
Re: FG May Increase VAT Rate By 2.5% In 2021 by dheolexaone(f): 6:26am On Nov 16, 2020
No good news in dz country again!

Which kain wahala be dz for d government?
Re: FG May Increase VAT Rate By 2.5% In 2021 by gurunlocker: 6:27am On Nov 16, 2020
Higher VAT and all they still do us borrow from different sources, plunging the country into huge debt....


They don't even know the level of suffering out there...
Re: FG May Increase VAT Rate By 2.5% In 2021 by nedekid: 6:29am On Nov 16, 2020
tamdun:
Baba Buhari, u are a disappointment, I wonder why some southerners are still supporting Buhari, he really disappointed a lot of us who used to support him.
Am 100% sure most of the tax will come from south, the burden on South is just too much, our leaders better wake up.
Of course who will pay before?
People in the North that make up the bulk of the population and reduce our gdp per capita will never pay tax because of poverty. You down south will pay for them rather.

2 Likes

Re: FG May Increase VAT Rate By 2.5% In 2021 by Briteiyobo1(m): 6:32am On Nov 16, 2020
Make una kuku kill us.
Re: FG May Increase VAT Rate By 2.5% In 2021 by Nobody: 6:33am On Nov 16, 2020
Pio44:
North will still suffer it more


Stop deceiving yourselves.
All these policies are targeted on you Southerners and Middle Belt.
The Northern life is totally different and it won't affect them.

This is part of the war they are fighting against us but we Southerners are daft to realise it.

We have no business with the Caliphate.
We must cut them off or leave Nigeria.
They have their own agenda with Turkey but this US election will decide the faith of the world.

2 Likes 1 Share

Re: FG May Increase VAT Rate By 2.5% In 2021 by Nobody: 6:34am On Nov 16, 2020
Moferere:
Before 2023, VAT go reach like 20%
Shebi na Buhari, austerity measures grin grin grin


Nothing bad, it's just part of the next level.

1 Share

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