Biafman:

What do these people smoke up north? What a slowpoke. VAT money goes back to the seller? I give up!!

seller remit to manufacturer based in Lagos. Firs vat teams visit manufacture he remit to firs which is sent to consolodated accounts for sharing reeducation needed .stop been misled by pdp and wike .he want to be vp

Educationalserv:
very fair cos kano people buy items that it vats is paid in Lagos so the monies Lagos is taking about belong to other. If i buy Samsung tv in kano from shoprite the vat is hanging in Lagos. Cos the tv is in use in kano .So Lagos must send that cut ..so all the items vat in kano was consume locally in kano.

So you agree that all Port taxes should be paid to Lagos since the Port and Shipping Industry is Local to Lagos then ?

ahiboilandgas:
seller remit to manufacturer based in Lagos. Firs vat teams visit manufacture he remit to firs which is sent to consolodated accounts for sharing reeducation needed .stop been misled by pdp and wike .he want to be vp

Lol! How on earth do you even think this nonsense you wrote above is possible? States collect the VAT and then send it back to the FIRS account for general sharing, which includes the parasites. This is how it works. The ongoing fight is for the states to collect VAT in their territories and keep it to themselves. Support it.

Christistruth00:


So you agree that all Port taxes should be paid to Lagos since the Port is Local to Lagos then ?

So you are actually afonja muslim? This VAT issue is correctly exposing all you hypocrites. Check out the comments of Igbos to see where we lean on this VAT debate/discussion. We are progressives and support anything progressive no matter whose ox is gored.

freegaza:


What do you mean you pay VAT at the point of purchase? That it is written on the product that VAT is included does not mean you it is instantly deducted. The company pays the VAT to the government

The companies will start paying to the state government.

Biafman:

So you are actually afonja muslim? This VAT issue is correctly exposing all you hypocrites. Check out the comments of Igbos to see where we lean on this VAT debate/discussion. We are progressives and support anything progressive no matter whose ox is gored.

What concerns Afonja and Lagos Port taxes we are not talking of Ilorin

richidinho:
Breaking news

Charges of 7.5% vat on each barrel of crude oil by the Nigerdelta states underway

Is this real?

Educationalserv:
Please go an listen to pwc tax consultant on channel tv . LAGOS COLLECT 60 OF VAT IN NIGERIA BECAUSE 90 percent of the coperate head quarters of companies in Nigeria is located there .meaning all vat collected by MTN in Nigeria for ever recharge card bought by all Nigerian within 925000 sqm of land called Nigeria is ware house in Lagos MTN head office .So it doest mean all the vat is generated by consumption in Lagos. It goes to everthing if i drink multina in kano the vat is in Lagos ,if i buy airpeace ticket in Sokoto vat is in Lagos.

Aboki. Vat is collected where the item is bought or consumed not where the headquarters is located. Go school, Una no go gree.

SarkinYarki:
These are the issues I have have raised here for years but people can't get over the emotions ...To say Lagos generates 70 percent of VAT in Nigeria is saying Lagos consumes 70 percent of goods and services in Nigeria ... Well the FIRS of babatunde Fowler caused this confusion when it's started using a poorly thought out methodology to publish VAT collection by states ....

Purchasing power in Lagos is huge compare to other states. The population is there a d the purchasing power is there. That is why all well meaning companies that want to start up go to Lagos and estimate their profits with Lagos population. Kano have population as well but purchasing power is low.

Educationalserv:
very fair cos kano people buy items that it vats is paid in Lagos so the monies Lagos is taking about belong to other. If i buy Samsung tv in kano from shoprite the vat is hanging in Lagos. Cos the tv is in use in kano .So Lagos must send that cut ..so all the items vat in kano was consume locally in kano.

Who is doing the magic mathematics for you? Items bought in Kano now pay vat to Lagos cos the headquarters is there? Go school but Una say no Say na Arabic school. See the end results. Go read about vat and know what it means first before you keep disgracing urself

Educationalserv:
you be dundee .If u pay 1500 for mtn card in kano the 75 naira vat goes to kano account .werey .it goes back to mtn Nigeria vats accounts domicile in Lagos. After una go say na una go school pass mongo park .simple accounting

Vat is paid at the point of purchase. Aboki go read.

Educationalserv:
the 550 bn collected by Lagos over 500 bn was consume by 190m Nigeria located outside Lagos.

Almajiri won't let go of the fat cow

freegaza:


What do you mean you pay VAT at the point of purchase? That it is written on the product that VAT is included does not mean you it is instantly deducted. The company pays the VAT to the government

Yes, those outlets have auditing department. And the point of purchase is always noted and the money earned in specific location is calculated whether online or offline service.

So this lamentation is misplaced. U aboki are just crying a needless tears

ahiboilandgas:
seller remit to manufacturer based in Lagos. Firs vat teams visit manufacture he remit to firs which is sent to consolodated accounts for sharing reeducation needed .stop been misled by pdp and wike .he want to be vp

Dumb post.

Educationalserv:
ur head is empty .the vat on sale for Samsung tv and the cost less mark up by shoprite is paid back to Samsung accounts for the merchandise supplied .this Samsung HQ franchise is located in Lagos. Bush man .

U are an educated I'd***t. How will Lagos collect vat on products bought in kano or Kaduna at shoprite. I laugh at ur stewpidity

Bro, just leave them.Since they are looking at companies located in Lagos,what have they done to encourage companies siting their headquarters in their domain.

Moreover, companies do have more than one vat accounts.
If tax officers in other states allow the actual consumption in their respective states being remitted in another states, it shows the tax officers in those states are not doing enough for salaries being earned all because they believe other locations will cover up for them.

seunmsg:
What’s this desperation by a certain section of the country to downplay and pick holes in the VAT generated from Lagos state? What exactly is the aim of all these silly threads?

Are you guys for or against states collecting VAT as against FIRS? If we’ve all agreed in the south to support the move, why the unnecessary campaign against Lagos state? What’s the end game? You guys really need to cool down this nonsense and stop getting your priorities mixed up.

If the current VAT judgement is sustained, Lagos will earn nothing less than N500billion annually from VAT alone and there is nothing you haters can do about it.

Biafman:

Ewu, it's not instantly deducted, but will be deducted eventually. That's why there are workers for that. And that's why a real taxation system is supposed to be in place, but you northerners keep scuttling such arrangements with your violent, terrorist, and nepotistic ways. When it's eventually deducted, the money goes to the state coffers where the product was sold, but in your contraption, instead of your state keeping the VAT money, it is ordered through your useless laws that it should be remitted to the federation account of the FIRS. Dumbo!! The positive side now is that the VAT money will now be kept within the state's coffers and will no longer be remitted to your crooked federation FIRS account.

You can make your points without insulting me. FOOL

The money does not go to the STATE where the product was sold. Find out before typing nonsense!

DubaiLandLord:
The companies will start paying to the state government.

Which state government? Where the product landed, was produced or consumed?

Educationalserv:
All the vat collected by the bank are warehouse in Lagos head office .doesn't mean all the transcation happens in Lagos .example of open use his zenith bank accounts in aba to pay for a purchase and vat is charged this is ware house in zenith vat accounts in HQ Lagos but the consumption happens in Lagos. Some mumu people are shouting they contribute 70 percent

u are just throwing out jargons. Instead of u to go and read how vat is collected on products at the point of sale across the states in Nigeria. U are here calling people mumu when u are d real mumu, oponu ode

freegaza:


Which state government? Where the product landed, was produced or consumed?

Consumed! Is from the state is been sent to the FIRS.

bobowaja:

Yes, those outlets have auditing department. And the point of purchase is always noted and the money earned in specific location is calculated whether online or offline service.

So this lamentation is misplaced. U aboki are just crying a needless tears

.

You made zero sense. And you that is not aboki does not know anything about how the thing works

freegaza:
.

You made zero sense. And you that is not aboki does not know anything about how the thing works

Aboki what do you know about how things work?

Okay let's assume you are right. Now they are saying everyone should collect and keep it, you guys should be happy now that each states will be in charge and not remitting to federal account.

Pls why the tears from you and ur leaders? Your govs are even begging us to be brother's keepers

Parasites won't let go of it hosts easily

ahiboilandgas:
seller remit to manufacturer based in Lagos. Firs vat teams visit manufacture he remit to firs which is sent to consolodated accounts for sharing reeducation needed .stop been misled by pdp and wike .he want to be vp

The levels of education of people up North is really baffling. Look at what dis one wrote.

seunowa:
u are just throwing out jargons. Instead of u to go and read how vat is collected on products at the point of sale across the states in Nigeria. U are here calling people mumu when u are d real mumu, oponu ode

We are really unfortunate to be joined with these bunch of illiterates. They know nothing about economics. No wonder they are destroying things that could help their economy thinking Allah will provide. Okay, southerners are not ur Allah... Una deh cry bloods.

freegaza:


Which state government? Where the product landed, was produced or consumed?

Vat is a tax on consumable goods. It is paid where the service or good is bought. Go read about consumption tax and the act that established it and stop disgracing yourself on an online forum.

DubaiLandLord:
Consumed! Is from the state is been sent to the FIRS.

The final consumer pays for it. The companies however just pay for all goods and services not minding the state where it is consumed

https://technext.ng/2020/11/03/how-to-file-and-remit-value-added-tax-vat-for-small-businesses-and-startups/

seunowa:
The levels of education of people up North is really baffling. Look at what dis one wrote.

It is sad really. If this is what north could offer as their erudite. Then we have nothing in common with these blockheads. Imagine arguing foolishness with confidence.

All these your rants won’t amount to anything. Lagos didn’t make itself business friendly by destroying other people’s investments. If you want production and consumption to be highly reflective in your state, then make your state endearing to investors. There are company’s headquarters in Lagos, Ogun, Rivers, Delta. You can’t have an hostile environment and be making idiotic analysis as to why others should help you ease your self inflicted woes. Every state can become a Lagos with a futuristic and pragmatic leadership. Quit whining like a lil beech after all, Kano allegedly almost has Lagos population.

bobowaja:

Aboki what do you know about how things work?

Okay let's assume you are right. Now they are saying everyone should collect and keep it, you guys should be happy now that each states will be in charge and not remitting to federal account.

Pls why the tears from you and ur leaders? Your govs are even begging us to be brother's keepers

Parasites won't let go of it hosts easily

I just went through your post and I see that you sell cards gifts, PayPal bla bla. Hustle my brother, you have a long way to go. STOP calling people parasites and work on yourself!

bobowaja:

It is sad really. If this is what north could offer as their erudite. Then we have nothing in common with these blockheads. Imagine arguing foolishness with confidence.

I am speechless. They ooze foolishness with confidence. This is really sad

freegaza:



I just went through your post and I see that you sell cards gifts, PayPal bla bla. Hustle my brother, you have a long way to go. STOP calling people parasites and work on yourself!

You are a parasite. You and your govs. Better go hustle else you guys will be worst than beggars when south decide to unplug all the feeding bottles from your mouths

seunowa:

I am speechless. They ooze foolishness with confidence. This is really sad

Very sad....