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Nairaland Forum / Nairaland / General / Politics / No Tax Identification Number (TIN), No Bank Account - Finance Bill (22723 Views)
Public Finance Bill: 10 Things You Should Know About It / Buhari Signs 2019 Finance Bill Into Law, VAT Now 7.5% / How To Check Your Individual TIN (tax Identification Nos) Online Using BVN/NIN (2) (3) (4)
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Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by talk2maurice(m): 9:41am On Dec 09, 2021 |
blackmantis: Them dey mad o. I swear 1 Like |
Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by luizpippo(m): 9:41am On Dec 09, 2021 |
joey150: Stories Even if new born and those who died within the last 4 years pay taxes, the governance and the participants would remain the same. Stop trying to be clever by half. 8 Likes 2 Shares |
Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 9:42am On Dec 09, 2021 |
lexy2014: Value added tax = Tax you pay on a commodity. For instance, you need to have bought an item to pay this tax. Local government Council tax = Tax usually placed on each property in a certain council or local area. This tax is paid to your local council for the general maintenance of the community. Income tax = Tax placed on the income you make. There are several other kinds of taxes. But they are all different. 1 Like |
Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by sharone21(f): 9:42am On Dec 09, 2021 |
I thought taxes are for those who earn an income in Nigeria or because they find money in one's account, they just deduct taxes? What happened to the VATS they collect in many ways including deductions from savings and current accounts, 10%+ deduction from fixed deposit (from interest accrued)and stocks (from interest accrued)! 2 Likes |
Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by seguntravels009(m): 9:43am On Dec 09, 2021 |
Does it apply to personal or corporate bank accounts? |
Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 9:43am On Dec 09, 2021 |
luizpippo: Clever by half? If the citizens all pay tax and choose to allow their government swindle them, then the joke is on them. People get the leaders they deserve. |
Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 9:44am On Dec 09, 2021 |
lexy2014: I have answered you. If you still don't get it, then that's on you. 1 Like |
Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by sylve11: 9:44am On Dec 09, 2021 |
This country sha. |
Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by lexy2014: 9:44am On Dec 09, 2021 |
joey150: How much is VAT and how much tax do income earners pay as tax? Who and who do local govts tax to generate income from local government council tax? 1 Like |
Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by SarutobiEky(m): 9:45am On Dec 09, 2021 |
CryptoPornster:bros abeg make I slide into your dm make you put me through biko. |
Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by lexy2014: 9:45am On Dec 09, 2021 |
joey150: The fact that u said many things doesn't mean that what u said is relevant to d questions u were asked: Which participation of the populace in govt are u talking about? What has that got to do with paying tax? 2 Likes |
Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by BanevsJoker(m): 9:45am On Dec 09, 2021 |
PrinceOfLagos:Thanks. The trees will keep voting for the axe. Na Stockholm Syndrome. 1 Like |
Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by Doyou2019: 9:47am On Dec 09, 2021 |
Bigchristo: You don't know that freeNG idiat you quoted is a resident BMC here. |
Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by Joygift3666: 9:47am On Dec 09, 2021 |
BlackfireX:Kwantinue |
Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by Frankie6835: 9:49am On Dec 09, 2021 |
No be person wey get job the pay TAX? I wonder where nigeria is heading to, we're still struggling to pay VAT and the want to add TAX to it without jobs, this country na wa oo |
Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 9:49am On Dec 09, 2021 |
lexy2014: I'm not going to answer specifics about the Nigeria tax system. You have the FIRS and state councils for that. I've just basically explained how VAT, council tax and income tax are different forms of taxes. To simplify things: Vat = tax placed on consumer goods. Local council tax = Tax often placed on properties/residents in a particular precinct or local area. Income tax = Tax placed on the income you make. 1 Like |
Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by Apst: 9:49am On Dec 09, 2021 |
FreeStuffsNG:The moment I saw the long explanatory note I knew its u. Now do ask urself is there a fixed salary payments for both the private and public sectors that the govt must charge the private sector for tax? In abroad we always compare and want to upgrade to there is a fixed salary per hour or per annum for everyone in both sectors. Here in Nigeria a constable receives far more than a local vigilante or security man and u want to tax the security man or is it the factory workers in Lagos and other parts of the country who works from 7am to 7pm and sometimes there pay is below 30k while a corper receives above that for sitting in an office from 8am to probably 2-4pm?. Or should we compare the publics schools in which some of the teachers hardly teach or even spends quality time with students yet earns more than most private school teachers across the country Until there is a voice from the red and green chambers for a balance of payment to all and sundry I don't think they should enforce taxes on people. U never imagined a pure water seller on the road in Lagos to pay tax. Or a farmer whom the government gives no support whatsoever should pay tax? 1 Like |
Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by SoliBayNG: 9:49am On Dec 09, 2021 |
Ovamboland: There is no cure for your madness. Hopefully, your kids will not inherit your incurable disease. |
Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by aklion: 9:52am On Dec 09, 2021 |
What happened to majority of Nigerians we do not have jobs nor businesses but have an account... In think go there so. Una own na just to collect but no think how to open doors so those involved can participate. Tax na good thing no doubt but reason out the box too so more pain won't be inflicted. 1 Like |
Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 9:52am On Dec 09, 2021 |
lexy2014: Sigh. Okay. 1. By participation, I mean the people holding their government accountable. 2. When people pay tax or are correctly taxed, they tend to be more concerned about what their tax money is used for. 1 Like |
Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by luizpippo(m): 9:53am On Dec 09, 2021 |
joey150: You should note that govt in Nigeria does not listen to anything other than violence, so are we going to hold them accountable by violence or by doing anything peacefully? Anything done peacefully is usually met with violence on the part of the government, this is why Nigerians are mostly docile because no one wants to die. Imagine asking Buhari to give account of his frittering away of tax payers money on his usual junketing and medical tourism, ask peacefully, then you would wait till eternity, while you would have FreestuffNG, vedaxcool, Jamo, blackfire, Lovenorth and co come here to tell us we have no right to. Either way, the masses always lose. 2 Likes |
Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by michoim(m): 9:53am On Dec 09, 2021 |
PrinceOfLagos:Seriously mad...very awful |
Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by DrDax: 9:54am On Dec 09, 2021 |
FarahAideed: Oga, they will withdraw the value if you do not file your tax returns in a timely manner, that's how they run civilised societies. Try and learn if you do not understand process. |
Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by Joygift3666: 9:54am On Dec 09, 2021 |
Bank where fraudsters don overtake? I no dey do again. I dash them the akant, they fit sell am. |
Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by nedekid: 9:54am On Dec 09, 2021 |
Ovamboland:Yeah right, I provide my electricity, education of my kids (unsubsidized), provide my water, my shelter, Healthcare and every other thing. So you then want me to fund government to be junketing around, flying jets with yusuf and his sisters? To continue finding the police etc that then turns the guns against citizens, that extort (tax) citizens in the roads? Same with customs, immigration, roadsafety etc. I will pay tax the immigration will charge me for passport and still extort me. Or I should pay tax from what I earn in Lagos and they should send it to kano, zamphara, bornu, where they will destroy alcohol and fund terrorism? Omo as it is, we already pay enough tax, fuel tax, vehicle reg, VAT, land use, local give charges etc. The country earns revenue from oil too. Let them use that one. Afterall the road around my street is soo bad I change shocks every 6 months. Let them fix it first. Modified: https://www.nairaland.com/6887012/dikko-umar-court-acquired-n9.7 You see the tax as e de work? 4 Likes |
Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by Michaelbjune(m): 9:55am On Dec 09, 2021 |
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Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by candygist: 9:56am On Dec 09, 2021 |
Everyone is here complaining…. When you are asked to come out mr fight for your right as a citizen, everybody will chicken out |
Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by joey150(m): 9:57am On Dec 09, 2021 |
luizpippo: I understand your sentiments. But, trust me, people will always revolt sooner rather than later If they feel their own money, personal income made, not oil money, is being spent lavishly by those in authority. How did you think most monarchies failed or most revolution began? Nigerians on their own part must also begin to elect better leaders and participate in democracy. There's no point paying taxes and electing crooks. It's like allowing goats guard your yams. 1 Like |
Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by abbeyfel: 9:58am On Dec 09, 2021 |
All of you that voted Buhari in, shey una see una lives like this Is this a policy for the people or the vagabonds in power? What single policy has this Buhari administration brought that lifted just one burden off the shoulders of poor Nigerians |
Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by milliondollas(m): 9:59am On Dec 09, 2021 |
HAUSA'S ARE THE MOST STUPID AND USELESS PEOPLE IN THE WHOLE UNIVERSE |
Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by NGArmyTerrorist: 10:00am On Dec 09, 2021 |
Most of you are calling them "mad people "No, they're not. They're only doing your biddings. By the time, they finish with you people, you will rush to the nearest Welder to construct an iron saving box.
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Re: No Tax Identification Number (TIN), No Bank Account - Finance Bill by ogwumgbe: 10:01am On Dec 09, 2021 |
Ijoba4lyf: Idiots, what happened to the indirect tax the whole Nigerians pay on each good purchased? God will roast all of you in skewer, muthafuckers 1 Like |
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