ijustdey:




https://tribuneonlineng.com/finance-bill-senate-mulls-taxing-cable-dstv-premium-bouquet/

Hypocrites, are they not the ones subscribing to the service ?

Most people on dstv are on yanga and Compact, not many people can afford premium of 18500naira.I don't know where they got the 1m from.

This is the concern of Africa's most populous country's Top Legislative House

They should start by taxing all the huge monies they receive from their jumbo pay and allowances. I am sure that will go a long way to boost the foreign reserves of the country. Since we are all being serious, they should tax all monies used for political campaigns, special taxes should be paid on these billions of Naira they use for campaigning. They just keeping shocking every time you think you have seen the worst.

They should consider more taxes for those with plenty houses in Bourdilon, Asokoro, Lekki, Park-View, Banana Island etc. If they implement multi tax system on DSTV and the likes, Nigerians will still share from it.

I reserve ma Speech

this senate dont even know what their job or limits are

taxing to generate revenue is a very lazy way to generate revenue

They want this people to increase subscription again��

These people tax mtn sotay mtn stop mtn project fame. Some form of youth empowerment.

Now they want to tax DStv until they stop bbnaija.

It's not dstvs fault that the government refused to diversify the economy when they could.

Tourism in Nigeria is almost at zero.

Entrepreneurship almost at zero, only source of revenue to fg is lagos and oil when they could develop other states and increase revenue base

DSTV shouldn't be streaming important matches like UCL,there other members like CTL,CAN TV,etc. But our leaders have given DSTV that monopoly because they gain alot from them and make the poor masses suffer. Gotv,metro,and the likes were very affordable then and show important matches but today one can't buy them(especially football lovers) because those rights have been taken from them.
The senate should look into this and try to amend or regulate this to other dishes or whatever it's called

Senate Committee on Finance, Customs and Public Procurement has been mandated by the Senate to consider among others the taxation of the premium bouquet of PayTv, diversification of economy among other and report back in one week.

The resolution of the Senate followed consideration of the Finance Bill for a second reading by senators who canvassed various positions on how to fetch more revenue for the 2021 budget.

Senators argued that oil revenue dims and are not likely to rebound in the next few months, the only option left is to tax the system but this they maintained must not be oppressive.


Earlier in the debate, the premium bouquet of the Paytv, Digital Satellite Television (DSTV) was considered a luxury item to be harvested into the tax net as the Federal Government seeks to expand revenue sources to fund the 2021 budget.


This came to the fore on Wednesday at plenary when Senator Yusuf Yusuf Taraba Central (PDP) told the Senate that a great part of foreign reserve is lost in luxury items and services rendered in Nigeria.

He cited digital Paytv services offered by DSTV to fall into this category.

He said the Premium bouquet which cost between N16,000 and N18,000 should be taxed especially as over one million Nigerians use this bouquet.

Yusuf said the Bill should serve as a tax reform that should protect local industries to grow the economy as he recommended a 5 per cent support in this direction.

He said this has become imperative as Nigerian poor have been subsidizing the rich whereas in other danger climes, it is the rich that subsidizes the poor.

According to Senator Yusuf: “In this country I dare say that the poor is subsidizing the rich because , the rich are always in a position to protect their interest by ensuring that the tax they pay is actually not commensurate with the revenue that they have.


“As I look around sir, 80 to 90 per cent of what we wear is foreign and that has been draining the meagre foreign exchange that we have. So this tax reform bill, I want to see it to discourage our own interests in foreign goods textiles and services that we earn.

“Therefore it is absolutely necessary that we should use them as example, sir. We have so many luxury items, for example, is the DSTV. For me it is a luxury item, they are nearly over one million subscribers and many of them are subscribing between the rates of N15,000 and N18,000 monthly.

“That is one area that we need to look into to tax those high brackets of subscribers. Also, this tax reform bill by looking at all those areas will be kind of a way of using the tax reforms to diversify our economy.

“We have been trying to do this since 1979 but we have not gotten it right because the rich are protecting themselves to the extent that they do not want diversification of this economy, so we must use the tax reform bill to diversify our economy otherwise as we continue to rely on crude oil we will continue until we get stickers and we can’t get out,” Yusuf stated


Earlier in his submission, Senator Abdullahi Aliero Kebbi South called on the federal government to review its import duty rate to a rather friendlier rate so as not to push importers to the old practice of berthing their goods at neighbouring ports for onward transportation into the country.

He said high duty rate leads the nation to lose the revenue derivable from the imports, thus the Customs service should act accordingly.

Senator Ike Ekweremadu, in his consideration of the bill pointed out that care is taken to avoid oppressive taxation on Nigerians.


He asked the Senate to find out the depository account of stamp duty on every transaction with the bank.

Ekweremadu said the Senate should not hurry on the bill especially as it would outlive the 2021 budget, therefore, it should hasten to pass the bill but subject but to public scrutiny.

The executive bill seeks to amend the Capital Gains Tax Act; Companies Income Tax Act; Personal Income Tax Act; Tertiary Education Trust Fund (Establishment) Act; Customs and Excise Tariff, etc (Consolidated) Act.


It also seeks to rework the Value Added Tax; Federal Inland Revenue Service (Establishment) Act; Nigeria Export Processing Zone Act; Oil and Gas Export Free Zone Act; Fiscal Responsibility Act; Companies and Allied Matters Act 2020; and Public Procurement Act.

These being sought are in order to make further provisions in connection with Federal Government Financial Management; Public Revenue and other relevant matters.

The Senate leader who sponsored the bill said Amend certain aspects of the Fiscal Responsibility Act, to align this Act with the 1999 Constitution (as amended), as well as to enhance fiscal efficiencies by controlling the cost-to-revenue ratios of key State and Government Owned Enterprises; and


Amend the Public Procurement Act, to implement key procurement reforms previously proposed by the National Assembly, in 2019, to extend the scope of the Act to the Federal Judiciary and Legislature, accelerate procurement processes, increase mobilization fee thresholds and provide for essential procurement reforms.

As such, the 2021 Appropriation Bill is based on the provisions of this Bill. The additional revenues will be used to fund health, education and infrastructure.

A critical component of the bill is that of the Value address Tax which had proposed changes that may have informed the caution by some Senators Ike Ekweremadu and Aliero.


“Section 4 of the VAT Act has been amended by increasing the value-added tax payable by consumers from 5% to 7.5%. Section 19 increased the penalty payable by a taxable person for non-remittance within the specified period from 5% to 10%.

“Under section 28, the penalty for failure to give notice of change of address or permanent cessation of business was increased from N 5000 to N 50, 000 in the first month and N25000 in subsequent months.

“There is a new section 8 of the VAT Act to cater for the registration of a taxable person upon commencement of business. The penalty for failure to register has been increased from N10, 000 to N50, 000 in the first month and from N 5, 000 to N 25, 000 in the subsequent months. However, the time within which a taxable person is required to register with the service is not specified under the new law as the law simply hinged the time “upon commencement of business.” This is somehow ambiguous and may be subject for court’s interpretation.

“The new section 15 of VAT introduces a threshold for VAT compliance. Thus companies with turnover of N25, 000, 000. 00 or more shall render their tax on or before the 2lst of every month.

“Mr President, my highly respected colleagues, It is absolutely essential to intensify the revenue generation efforts of, this Administration and its commitment to ensuring that the inconvenience associated With any fiscal policy adjustments, is moderated, such that the poor and the vulnerable, who are most at risk, do not bear the brunt of these reforms,” Senator Yahaya stated.


https://tribuneonlineng.com/finance-bill-senate-mulls-taxing-cable-dstv-premium-bouquet/

It is the same Southerners that will feel the economic effect of this taxes being intended.

How many northerners or aboki that are living in good residential quarters and also have the luxury of a dstv subscription in Nigeria?

The legislators have no work to do and they are using their idle period to plan evil bills.

WHY NOT SOLVE EPILEPTIC POWERS ISSUES IN NIGERIA AND TAKE YOUR TAXES OR REVENUE FROM POWER SUPPLY?

Even the DSTV station you do not even have electricity to watch their multi channels and your subscription just keep running.

Why are the legislators not telling MULTICHOICE to introduce PAY AS YOU GO.

These greedy legislator refuse to cut down on the huge cost of governance in Nigeria.

POLITICIANS WILL PUSH NIGERIA TO START ANOTHER ENDSARS PROTEST not on this police this time around but on other myriad of problems troubling Nigeria.

NIGERIAN POLITICIANS NEEDS A BRAIN RESET.

Idiots!

They will pass the tax down to us you nitwits!!!

I pay 20,900 already cos of Extraview and you want to add some more


Dear Senate...cut your allowances

How can Nigeria develop with this type of constitution and legislators where the only welfare their National Assembly members can boast of is how to increase taxes and heap more burden on the citizens. Whenever they tell you they want to diversity the economy, is not how to move the economy away from oil into other income generating investments,but only how to increase taxes.
Their singular aim is to oil their pockets and maintain their #30 million monthly wages and more for embezzlement.
In this pandemic period, other countries are granting their citizens stimulus but Nigeria leaders are increasingly killing us with taxes and debts.

I totally agree. Revenue needs to be raised. But Nigerians will be the most foolish people on earth if they do not extract something in return. As much as government badly needs revenue Nigerians badly need a cut in the cost of organising society, aka cost of governance.

That is the condition for prosperity. You work harder and waste less and then you see poverty squeezed in the middle. That is how individuals, companies, organisations and even nations extricate themselves from poverty, bankruptcy and other economic ills.

You cannot continue ruling over us all flaunting illegitimate, obscene trappings of office. It is the one bug that causes the infection of crime. Riches in the midst of poverty. The crime we are all suffering for.

but multi-chioce dey pay tax nah from their income generated from this premium bouquet

CodeTemplar:
They don't know what to tax again?
They can start with alcohol or G-wagon.

Or the estates they've built in Abuja that are unoccupied for years. I know one that has been empty for over ten years.

When he was crying that Nigerians REJECTED him one would think he had something upstairs

privaldo:
They are about to chase an employer of labor out of the country thereby increasing the never-ending unemployment with their thoughtless attitude, no wonder they call them to rubber-stamp senate.

It's like many people don't understand that this proposal is not a direct tax on dstv as a company but rather on Subscribers to the dstv premium bouquet. Pls read the piece very well.

It's like a luxury tax that will be borne directly by the user when he subscribes to premium bouquet.

The likely implication is that many dstv users will simply avoid premium bouquet subscription, resulting in less revenue for DSTV and less direct tax for the same Government.

A very useless initiative in my humble opinion.

IBBG:
DSTV will also increase subscription as well

Simple as that!!!... The average citizen will continue to lose!!!

It would be a foolish decision.

Please tax postpaid users of telenetwork, 5-3 star hotels who entertain rich customers, those who buy electricity value above 5,000naira, FRSC increase fines for those driving latest Mercedes Benz, Toyota and other car brands. Also increase tax on luxury goods being imported into the country.

AerialMapper:
Idiots!
They will pass the tax down to us you nitwits!!!
I pay 20,900 already cos of Extraview and you want to add some more

Dear Senate...cut your allowances

Exactly

ThierryJay:


It's like many people don't understand that this proposal is not a direct tax on dstv as a company but rather on Subscribers to the dstv premium bouquet. Pls read the piece very well.

It's like a luxury tax that will be borne directly by the user when he subscribes to premium bouquet.

The likely implication is that many dstv users will simply avoid premium bouquet subscription, resulting in less revenue for DSTV and less direct tax for the same Government.

A very useless initiative in my humble opinion.

Your people don't seem to understand basic economics and commerce.... DSTV will never be affected directly. The consumer will pay whatever tax the idiot leaders impose on them.

ThierryJay:


It's like many people don't understand that this proposal is not a direct tax on dstv as a company but rather on Subscribers to the dstv premium bouquet. Pls read the piece very well.

It's like a luxury tax that will be borne directly by the user when he subscribes to premium bouquet.

The likely implication is that many dstv users will simply avoid premium bouquet subscription, resulting in less revenue for DSTV and less direct tax for the same Government.

A very useless initiative in my humble opinion.

If that's the case it is e even more useless than I thought.

This Senate Gathering of Old fools never for once moves a Bill that will be in favor of average Nigerian

Na wetin go dey make life hard for Us dem go dey propose

nonsense selfish old bastards

i wish i could get a bomb to blow up aso rock and That National Assemby with the gathering of This Old motherfuckers with pot bellies

ijustdey:




https://tribuneonlineng.com/finance-bill-senate-mulls-taxing-cable-dstv-premium-bouquet/

There are 37,000,000 cattles in Nigeria. Tax the sale of cows, Tax herding(agricultural levy)and also tax them for environmental pollution.

Dstv been tax! Who cares? Those one that are busy showing old school movies.

As long there is internet i can get any info that I want n need at any point in time.

Angelfrost:


Your people don't seem to understand basic economics and commerce.... DSTV will never be affected directly. The consumer will pay whatever tax the idiot leaders impose on them.

Lol, they are not my people o. I can never imagine myself in that group. Thoughtless bunch.

Though even DSTV will feel the impact cos it will chase the price sensitive users to the lower grade bouquets thereby reducing their revenue.

Oh