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Nairaland Forum / Nairaland / General / Politics / Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors (11515 Views)
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Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors by BeeBeeOoh(m): 10:57pm On Dec 13, 2021 |
The Finance Bill is proposing an amendment to section 10 of the VAT, by introducing a new section 10, putting the burden of VAT on non-resident digital companies rather than non-resident individuals. The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the proposed amendment to the Finance Act will ensure that Amazon and other digital companies become Value Added Tax collectors for the Federal Inland Revenue Service (FIRS). https://www.premiumtimesng.com/business/business-news/500716-finance-bill-nigerian-govt-seeks-to-make-amazon-others-vat-collectors.html 4 Likes 2 Shares
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Re: Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors by chatinent: 11:46pm On Dec 13, 2021 |
triple996: Sense is not for everyone. Anyways, I am still available for Turnitin-friendly research writing services. 83 Likes 2 Shares |
Re: Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors by tempest01(m): 11:50pm On Dec 13, 2021 |
They will tax you people to dearth before they even think about reducing their largess and fighting corruption. 12 Likes |
Re: Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors by AntiBMC(m): 11:59pm On Dec 13, 2021 |
No wonder the rest of the world treats this country like a plague.. and welcomes every tiny opportunity to show them how effortlessly vseless they are. The worst govt in the history of Nigeria. Countries no gree give them loan again... now they are trying to strangulate the already choking masses. 48 Likes 3 Shares |
Re: Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors by FavourWrites(f): 4:16am On Dec 14, 2021 |
That's a good bill amendment though but that has got nothing to do with me. It must have something to do with you but who cares? Definitely not the commenter below me who shouldn't have left a comment. But anyways, I am a content writer and it'll be cool if you gave me some gigs to work on for you. I'll be glad to show you samples of my work. |
Re: Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors by TeeKings: 4:16am On Dec 14, 2021 |
Whatever you do, never inherit other people’s enemies 8 Likes |
Re: Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors by RadioMOUTH(m): 4:16am On Dec 14, 2021 |
Re: Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors by dbtt: 4:16am On Dec 14, 2021 |
Amazon, too dey collect tax. Amazon and Jeff Bezos, haha 1 Like |
Re: Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors by tradepunter: 4:19am On Dec 14, 2021 |
Ok |
Re: Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors by joey150(m): 4:20am On Dec 14, 2021 |
triple996: What do the mods in this forum do? It has become a hotbed and complicit channel for tribal vitriol and clashes. Seun, you have to really step up to the task and take a firm stance against comments and users like this. 64 Likes 3 Shares |
Re: Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors by Coldie(m): 4:21am On Dec 14, 2021 |
2022 go funny I swear. Gas prices are still high Inflation still high They want to remove fuel subsidies to make fuel high Now this, 14 Likes |
Re: Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors by moderatorr: 4:21am On Dec 14, 2021 |
wow |
Re: Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors by Foreverme5221: 4:22am On Dec 14, 2021 |
triple996:Ibo bowagi onu there. 10 Likes |
Re: Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors by tradepunter: 4:23am On Dec 14, 2021 |
No to financial bill It's a useless avenue to control the digital space... This is just a front to justify killing off digital operators when they have the desire to do so. Useless worthless bill 4 Likes 1 Share |
Re: Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors by dmedicare(m): 4:23am On Dec 14, 2021 |
triple996: You are a fool 17 Likes |
Re: Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors by GIANTPLUSHUB: 4:31am On Dec 14, 2021 |
Hmmm |
Re: Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors by LordGuru1: 4:35am On Dec 14, 2021 |
The World is staged right from Babylon way back, they all know how they got there but that they won't tell you! All Satan was orchestrating since is to turn the whole World to his own relica of false Heaven when everything worship him like all Angels worship our CREATOR in Heaven. Wetin concern Babies with fear of Coro! What the mother is so much afraid of has been placed a thousand times on the handle that the Baby is leaking, and the mother would soon kiss her baby again and nothing shall happen! JESUS said only this that become like babaies who don't give a damn about fear that Satan is creating in the World shall have true Peace of mind and enter Heaven. 6 Likes 2 Shares
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Re: Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors by Nobody: 4:37am On Dec 14, 2021 |
FG always wait for these nonsense journalists to confuse us before making clarifications. Why cant FG always explain things well? Lai Mohammed and the Finance ministry are doing bad jobs. The way the bes was initially reported, I thought it was fake cos of the shallow reporting style. Well, these companies need to pay. One which would have made huge income is Binance. But since FG has banned crypto, too bad. Lol. 4 Likes 2 Shares |
Re: Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors by ATEAMS: 4:38am On Dec 14, 2021 |
Amazon giant |
Re: Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors by yrex01(m): 4:58am On Dec 14, 2021 |
triple996:how does this improve d system ? abi you're not ok spiritually ni 6 Likes |
Re: Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors by PotatoSalad(m): 5:02am On Dec 14, 2021 |
You'd think she's there with all seriousness, brainstorming ideas for betterment of the country's economy... But it's 'Baby Sharkdodododo' playing over and over again in her head. The amount of tax and double taxation collected in this country are enough to stop us from the frequent borrowings. But cost of governance in Nigeria is high. Borrowing won't stop them from buying new lexus SUVs for judges and government officials every year. A government project of 300m naira will be executed with 1bn. A governor would rather use state budget for love bombings and favours instead of paying pensioners. And they'll continue to look for more avenues for tax collection that will end up in their pockets 13 Likes
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Re: Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors by Kuriosmynd: 5:03am On Dec 14, 2021 |
Most Nigerians are fools and nonentities. . Government is making us pay unnecessary tax that will never be accountable and nobody is saying anything about the purpose of the tax. . We can't buy anything from internet any longer...Most of the goods have been taxed already but Naija govt is adding further tax for spending your money through ads, or buying digital stuff. And so many fools are blaming Facebook and Google? .. Blame ur government cos ur government is using them to collect tax from our pocket...It doesn't affect Google or Facebook, but we are the one paying it ..Google and Facebook is just collecting it for the government and nobody is asking FG why it's doing so. No accountability just collect tax and chop Useless govt and citizens 9 Likes 2 Shares |
Re: Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors by Brushstrokes20: 5:08am On Dec 14, 2021 |
Satanic govt of SELF SERVING THIEVES AND BLOODTHIRSTY TERRORISTS! 1 Like |
Re: Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors by Authoreety: 5:10am On Dec 14, 2021 |
Bubu 1 Like |
Re: Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors by Kuriosmynd: 5:12am On Dec 14, 2021 |
PeaceJoyLove:Don't be short sighted.. those company aren't paying shit....we are the one paying cos they are gonno increase their service charges or price and make us pay the tax ourselves...it doesn't affect Google or Facebook a dime. Ask ur govt what it will do with this new tax regime of digital stuff ..it's not abt collecting tax... Very soon....your govt will start taxing us for any app will buy and subscribe for on playstore.. . The question is how has govt added value to those digital products..Value added kill them...No enabling environment for anything, no support for business but they can collect tax on product they don't understand how it works..jsut to steal from us and embezzle free money 7 Likes 1 Share |
Re: Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors by Omicron999: 5:25am On Dec 14, 2021 |
This FG can wish 1 Like |
Re: Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors by blazesam(m): 5:41am On Dec 14, 2021 |
This is why Nigeria has to accept crypto trading, all the exchange apps will be used as a means of tax payment... Very good way of making it sure
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Re: Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors by money121(m): 5:44am On Dec 14, 2021 |
Ok |
Re: Finance Bill: FG Seeks To Make Amazon, Others VAT Collectors by Allahismad: 5:48am On Dec 14, 2021 |
Hh 1 Like 1 Share |
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