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Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) - Politics - Nairaland

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Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by bobobyte: 8:42pm On Sep 12, 2021
According to Mr. Taiwo Oyedele, Tax Partner at Price Water House Coopers (PWC), VAT is currently shared 50% to states, 35% to Local Govts and 15% to the Federal Government.
The Federal Government will not lose money when states start collecting but may be the biggest winner to get as high as 60% instead of 15% the Federal Government is currently getting.
Details of his analysis in this video.


https://www.youtube.com/watch?v=8Adlc5EPAlY

1 Like 2 Shares

Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by colorsofrainbow: 9:06pm On Sep 12, 2021
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Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by mrvitalis(m): 9:11pm On Sep 12, 2021
This not about FG wining this is about protecting those unproductive states that they use to rig elections nothing more

It's more about keeping north feeding bottle safe

10 Likes 1 Share

Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by investorMK(m): 9:13pm On Sep 12, 2021
colorsofrainbow:

How real is this?
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Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by colorsofrainbow: 9:34pm On Sep 12, 2021
investorMK:

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Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Qtrpst4: 9:45pm On Sep 12, 2021
Keeping northern feeding bottle safe and gombe commissioner and that kid governor is begging others to be their brothers keeper?

FG might need to shed some responsibility and possibly remove some things from that evil exclusive list, but you see this VAT, some people go hear am



mrvitalis:
This not about FG wining this is about protecting those unproductive states that they use to rig elections nothing more

It's more about keeping north feeding bottle safe
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by investorMK(m): 9:52pm On Sep 12, 2021
colorsofrainbow:

Haha pi network is a joke.
Unreal stuff.
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Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Stephenszego2: 9:54pm On Sep 12, 2021
mrvitalis:
This not about FG wining this is about protecting those unproductive states that they use to rig elections nothing more

It's more about keeping north feeding bottle safe

The point is FG has jurisdiction over most of VAT generated so States clamouring for collection is not the solution.
The problem here is not whonis collecting but hownit is being shared i.e. mere 20% based on derivation (states collected from) and whooping 50% on equality and 30% based on their fake population data.

If states push to collect, FG still controls the bulk of VAT collection which is from import VAT, international VAT, and From F.C.T.

3 Likes

Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Stephenszego2: 9:58pm On Sep 12, 2021
[quote author=Qtrpst4 post=105756516]Keeping northern feeding bottle safe and gombe commissioner and that kid governor is begging others to be their brothers keeper?

FG might need to shed some responsibility and possibly remove some things from that evil exclusive list, but you see this VAT, some people go hear am

States should demand that higher percentage (upto 80%) be based om derivation, not to take collection or exclusive list be reviewed.
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Stone03: 10:01pm On Sep 12, 2021
Is it a way of the long clamored restructuring?
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Buckeyemedia1: 10:05pm On Sep 12, 2021
Stone03:
Is it a way of the long clamored restructuring?
Restructuring by the same blind criminals? A bad tree can never yield good fruits, keep deceiving yourself, they will only enrich themselves & family more.

1 Like 1 Share

Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Dovegrey: 10:06pm On Sep 12, 2021
Afonjas backstabbers This one just dey find way to please their slave master
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Wiseandtrue(f): 10:08pm On Sep 12, 2021
How will FG gain Who go give them the 60%

Well shall this regime is known for propaganda!

Be it as it may, if states starts collecting VAT, if it's properly utilized, the people will be the biggest winners!
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Buckeyemedia1: 10:14pm On Sep 12, 2021
Dovegrey:
Afonjas backstabbers
This one just dey find way to please their slave master
All you Children, back stabber for speaking the truth, you think by deceiving yourself, it turns to the truth? Why not advocate for the Local Government to keep their resources & revenue, why should Eti OSA share it’s revenue with Alimosho Local Government? Why should the Local Governments collect 35% & the state collects 50%? What kind of cheating is this, what does the state do to be collecting 50%?

1 Like

Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Buckeyemedia1: 10:17pm On Sep 12, 2021
[quote author=Stephenszego2 post=105756971][/quote] States already collect 85%, It seems your like millions of people that just comment but don’t know anything?
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Buckeyemedia1: 10:19pm On Sep 12, 2021
Wiseandtrue:
How will FG gain Who go give them the 60%

Well shall this regime is known for propaganda!

Be it as it may, if states starts collecting VAT, if it's properly utilized, the people will be the biggest winners!
Why not the Local Government collect the VAT?
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by omowolewa: 10:21pm On Sep 12, 2021
True talk but no going back. VAT will end up on Concurrent list

1 Like 1 Share

Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Buckeyemedia1: 10:25pm On Sep 12, 2021
omowolewa:
True talk but no going back. VAT will end up on Concurrent list
The RMFAC should also review their distribution process, Local Governments should keep 60% of their revenue, whilst the states get 30%, FG 10%, not the present wayo States 50%, Local Governments 35%, FG 15%.

4 Likes 1 Share

Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by AfonjaConehead: 10:25pm On Sep 12, 2021
Coneheaded structures... always ready to sell out and betray for a morsel of amala et ewedu. grin
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by AfonjaConehead: 10:27pm On Sep 12, 2021
Buckeyemedia1:
The RMFAC should also review their distribution process, Local Governments should keep 60% of their revenue, whilst the states get 30%, FG 10%, not the present wayo States 50%, Local Governments 35%, FG 15%.

Do you know what is meant by concurrent list?

grin
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Wiseandtrue(f): 10:28pm On Sep 12, 2021
Buckeyemedia1:
Why not the Local Government collect the VAT?
State governors better collect it if they want to see a kobo!
Many of them are not responsible enough to handle such responsibility

Give it to them and watch them turn to god overnight undecided

LG should relate with people at the grassroot and intimate the governor on the areas where development is needed!
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Buckeyemedia1: 10:28pm On Sep 12, 2021
AfonjaConehead:
Coneheaded structures... always ready to sell out and betray for a morsel of amala et ewedu. grin
I know your state will collapse within 6 months, mention your state if you are not ashamed of it?
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by joyandfaith: 10:30pm On Sep 12, 2021
Buckeyemedia1:
Restructuring by the same blind criminals? A bad tree can never yield good fruits, keep deceiving yourself, they will only enrich themselves & family more.

Do you mean we should forgo restructuring?

1 Like 1 Share

Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by AfonjaConehead: 10:31pm On Sep 12, 2021
Buckeyemedia1:
I know your state will collapse within 6 months, mention your state if you are not ashamed of it?

Papa tell us your age if you ain't ashamed of it or kindly shut up, thank you very much. grin
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Buckeyemedia1: 10:31pm On Sep 12, 2021
Wiseandtrue:

State governors better collect it if they want to see a kobo!
Many of them are not responsible enough to handle such responsibility

Give it to them and watch them turn to god overnight undecided

LG should relate with people at the grassroot and intimate the governor on the areas where development is needed!
OK you want a scenario that fits your narrow outlook? The people that makes the law say Federal shall collect you say no, so let them change it to Local Governments controls & collects revenue for their resources, same laws that gave the states the powers have stripped them off those powers, why are you complaining?

1 Like 1 Share

Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by nerdfrost(m): 10:32pm On Sep 12, 2021
colorsofrainbow:

Haha pi network is a joke.
Unreal stuff.
Wake me up when it's real

U will regret not joining come December

1 Like

Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by nerdfrost(m): 10:33pm On Sep 12, 2021
investorMK:
okay o
Bro just leave am grin grin
Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by nerdfrost(m): 10:33pm On Sep 12, 2021
Nigeria propaganda and nonsense...useless government



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1 Like

Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Dovegrey: 10:34pm On Sep 12, 2021
Buckeyemedia1:
All you Children, back stabber for speaking the truth, you think by deceiving yourself, it turns to the truth? Why not advocate for the Local Government to keep their resources & revenue, why should Eti OSA share it’s revenue with Alimosho Local Government? Why should the Local Governments collect 35% & the state collects 50%? What kind of cheating is this, what does the state do to be collecting 50%?
i know you are from kebbi state that can't even generate money for pure water.

2 Likes

Re: Vat: FG Will Be The Biggest Winner If States Collect Vat - Tax Partner (PWC) by Buckeyemedia1: 10:38pm On Sep 12, 2021
Dovegrey:

i know you are from kebbi state that can't even generate money for pure water.
Birin Kebbi to be precise, I am still Nigerian, what state are you from Almijiri?

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