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FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever - Politics (6) - Nairaland

Nairaland Forum / Nairaland / General / Politics / FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever (16864 Views)

FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever / FIRS Generates ₦4.9trn, Unveils Call Centre To Address Taxpayers’ Complaints / FIRS Generates N5trn, Targets N5.3trn By Year-end (2) (3) (4)

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Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by masseratti: 9:38am On Jul 22, 2023
leokid866:
lol you dum#ass....the dollar quote at the border is to value your imports so they know how to value your imports, so they can tax you appropriately....so dollar on the street and at i&e window is above 700 and you expect customs to still be quoting at 450,? Are you dum# or just senseless.....don't answer that I know you are both.....and because they tax you based on the dollar value of your import that now means you pay your tax in dollars? Again you are dum# and stupid.....now f#ck off. As anyone ever asked you to pay your taxes in dollars at any Nigerian port? All trade especially international trade are pegged to the dollar which is why every country has a dollar peg....but nobody except the American government would ask you to pay your taxes in dollars.....🙁
lolzzzzz you know what an illiterate is way better than a semi illiterate like you, at least an illiterate will accept he does not know or have any idea but a semi illiterate will never agree and believe he or she knows, where as he knows nothing, and thats you.
Like me now help you and school you like you 5 years old.
Firs clam they achieve something new of better value 5 trillion naira tax generated in 6 months in 2023,and I counter that for us to know the real value they should convert that 5 trillion to USD with present exchange rate and compare with same period last year at the rate last year to compare same.
Your dull head came up with the question of is tax paid in Naira or Dollars, my dear we all know the tax is paid in Naira but subject to the prevailing exchange rate of the time.
E.g.I import goods worts $1000 June 2022 my tax is 30% $300 which in naira will be as at June 2023 at the government official exchange window, it will be 450 naira to a dollar that's 135000 naira paid into the coffers of firs,
Now same transaction going by the official government exchange rate of 750 naira to a dollars as at June this year will be 225,000 that's a difference of 90000 naira on same good and same tax rate.. If you have brain you can see clearly that the Firs is only posting figures for dum..bass like you to rejoice not knowing it's of no "real value".
Go back to school and stop displaying your ignorance online... Learn how to learn stop running your mouth in the gutter.
Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by leokid866: 1:22pm On Jul 22, 2023
masseratti:
lolzzzzz you know what an illiterate is way better than a semi illiterate like you, at least an illiterate will accept he does not know or have any idea but a semi illiterate will never agree and believe he or she knows, where as he knows nothing, and thats you.
Like me now help you and school you like you 5 years old.
Firs clam they achieve something new of better value 5 trillion naira tax generated in 6 months in 2023,and I counter that for us to know the real value they should convert that 5 trillion to USD with present exchange rate and compare with same period last year at the rate last year to compare same.
Your dull head came up with the question of is tax paid in Naira or Dollars, my dear we all know the tax is paid in Naira but subject to the prevailing exchange rate of the time.
E.g.I import goods worts $1000 June 2022 my tax is 30% $300 which in naira will be as at June 2023 at the government official exchange window, it will be 450 naira to a dollar that's 135000 naira paid into the coffers of firs,
Now same transaction going by the official government exchange rate of 750 naira to a dollars as at June this year will be 225,000 that's a difference of 90000 naira on same good and same tax rate.. If you have brain you can see clearly that the Firs is only posting figures for dum..bass like you to rejoice not knowing it's of no "real value".
Go back to school and stop displaying your ignorance online... Learn how to learn stop running your mouth in the gutter.
Oga calm down for Jesus before you start running your mouth like trailer wey no get brake......yes I get your point but your logic is not enough to generate 5.5 trillion.....the effects of what you are saying has only been in play for two months.....which will attribute to the increase in Junes collection......but this is a six month report meaning by your Logic we have been pegged to 450 for 4 months out of those six and still generated 5.5 trillion......so try and be calming down to think more deeply before your ogbon will turn you to ogo.......
Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by masseratti: 3:15pm On Jul 22, 2023
leokid866:
Oga calm down for Jesus before you start running your mouth like trailer wey no get brake......yes I get your point but your logic is not enough to generate 5.5 trillion.....the effects of what you are saying has only been in play for two months.....which will attribute to the increase in Junes collection......but this is a six month report meaning by your Logic we have been pegged to 450 for 4 months out of those six and still generated 5.5 trillion......so try and be calming down to think more deeply before your ogbon will turn you to ogo.......
oga e don do..i rest my case.
Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by leokid866: 3:21pm On Jul 22, 2023
masseratti:
oga e don do..i rest my case.
lol e never do....it's obvious you didn't read the report you just looked at the headline and let your imagination start to dey run.....for your mind something that has been in place for not even upto complete 2 months is enough to generate 5.5 Trillion.....🤣🤣🤣
Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by masterduba(m): 4:43pm On Jul 22, 2023
Use the funds well. Prioritise health and civil infrastructure. Nigeria's life expectancy is a sorry 55 years. It's baffling how we have one of the highest fecundity rates in the world but don't value longevity.
Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by masseratti: 6:08pm On Jul 22, 2023
leokid866:
lol e never do....it's obvious you didn't read the report you just looked at the headline and let your imagination start to dey run.....for your mind something that has been in place for not even upto complete 2 months is enough to generate 5.5 Trillion.....🤣🤣🤣
oga stop living in a wrong world, I read it perfectly and I understand very well.. Point is any government institution jubilation on higher revenue should look at the real as at against what was before.. Simple.. Stop beating round the bush because clearly you don't know what you talking about... When contract want to be given it's cost is always against market rate of us dollars, so it also good when they coming out with figures let them also quote the equivalent in USD so that we know they really did well. It's people like you they can deceive... This is my last response to you... It's either you just like to argue or you just don't understand anything. Shalom
Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by leokid866: 6:46pm On Jul 22, 2023
masseratti:
oga stop living in a wrong world, I read it perfectly and I understand very well.. Point is any government institution jubilation on higher revenue should look at the real as at against what was before.. Simple.. Stop beating round the bush because clearly you don't know what you talking about... When contract want to be given it's cost is always against market rate of us dollars, so it also good when they coming out with figures let them also quote the equivalent in USD so that we know they really did well. It's people like you they can deceive... This is my last response to you... It's either you just like to argue or you just don't understand anything. Shalom
Oga stop ducking your opinion can only be cast on the last month of June in the report which did see am increase no one is doubting that.....but according to you the entire six months should be held against 760 forgetting that the change to the floatation of the Naira has only been for one month.....and you forget that the tax collected from MDAS and Co attached to the I&E window are not the only variables that contribute to the total.....you did not consider this before you let your mouth start running.....if you want to be quoting against the dollar you will need to get the figures from customs and Co attached to the I&E window cause other taxes like VAT and corporate taxes cannot be run under this your assumption and your difference in dollar valuation can only apply to the month of June, because the other months were pegged at 450 and not 760.......just admit you didn't think it through.......your thought only applies to June and not the other months....
Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by Cromagnon: 9:55pm On Jul 22, 2023
Brendaniel:


Expecting nothing doesn't mean we shouldn't criticize them or call them out when they go wrong...
You've been calling out for 63yrs
Who e epp?
Same energy can fix the sitch
But laziness no go gree us
Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by Brendaniel: 11:30pm On Jul 22, 2023
Cromagnon:

You've been calling out for 63yrs
Who e epp?
Same energy can fix the sitch
But laziness no go gree us

Consistency doesn't mean laziness...
Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by Mboi: 11:50pm On Jul 22, 2023
helinues:


Of course, you lots would definitely feel so bad and disgusted with this news as una get issue with good/development News.

Make una dey answer present sir whenever enemies of Nigeria are asked to show their faces
Lol... see as u dey dry everyday. No go find better work do... ewu hausa..
Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by Cromagnon: 6:44pm On Jul 23, 2023
Brendaniel:


Consistency doesn't mean laziness...
extremely lazy when it's not working
You can be consistently lazy
Telling yourself how fast does not help you lose weight
Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by Brendaniel: 6:59pm On Jul 23, 2023
Cromagnon:
extremely lazy when it's not working
You can be consistently lazy
Telling yourself how fast does not help you lose weight

So you are saying no one should criticize the government again?
Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by Cromagnon: 7:32pm On Jul 23, 2023
Brendaniel:


So you are saying no one should criticize the government again?
No
I'm saying do something different cos this is not working
Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by Brendaniel: 7:35pm On Jul 23, 2023
Cromagnon:

No
I'm saying do something different cos this is not working

Like what?
Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by Cromagnon: 7:37pm On Jul 23, 2023
Brendaniel:


So you are saying no one should criticize the government again?
No
I'm saying it's a waste of time
And same energy can be put to more profitable use
Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by Cromagnon: 7:38pm On Jul 23, 2023
Brendaniel:


Like what?
Produce
Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by Brendaniel: 7:53pm On Jul 23, 2023
Cromagnon:

Produce

People have been doing that and are still doing that and more will still do....
Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by Brendaniel: 7:55pm On Jul 23, 2023
Cromagnon:

No
I'm saying it's a waste of time
And same energy can be put to more profitable use

There is no how we will leave the government to do as they like because if they are left unchecked they can ruin the entire nation...
Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by FoolishBoy419: 10:26pm On Jul 23, 2023
casualobserver:
While it is an improvement, we need to do more. 5Trillion Naira in 6 months is only $7billion or $14b p.a pro-rata. Nigeria needs $60-100B p.a in revenue. Considering our oil revenues are probably around $20b P.A, we have a long way to go.

FIRS should target 5 trillion per quarter

I agree. We need more taxes in this country and more privatization
Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by HNICEARTH: 10:39pm On Jul 23, 2023
Initially that was how buhari was said to be highest in everything, until the results started coming in, scores were not tallying.

Bottom line, you cant run a government on propaganda.

lie has speed, but truth has endurance.
Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by FoolishBoy419: 5:33am On Jul 24, 2023
casualobserver:


You have no point. You are the one blinded by political propaganda. Everybody knows, subsidy must go, exchange rates must collapse and Nigeria must increase its tax collection ratio.

See the rest of the world, see your mates in Africa! This is as at 2020, only Libya and Somalia has a worse tax to gdp ration than Nigeria….what do we know about Libya and Somalia in 2020? It has gone up but we are still lagging behind. Fools like you will come here and talk about they have light in ghana, they have good roads in Cotonou…..na tax kill am. South Africa that Nigerians like to run to see their tax to GDP ratio 28% compared to Nigeria at 3%. How can we have the same good schools and roads like they have? Yet they are a smaller economy than us!!! You don’t want to pay tax but you want a developed society….idiots!!!!

Too much socialism, coupled with excessive mismanagement of resources has destroyed Nigeria. Look at how everyone is crying about the hike in tertiary school fees when many GOOD secondary schools charge more than that per year. We need more taxation but my concern is the kind of politicians we have.
Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by Cromagnon: 6:07am On Jul 26, 2023
Brendaniel:


There is no how we will leave the government to do as they like because if they are left unchecked they can ruin the entire nation...
How many things have you checked in lady 63yrs.heck 463yrs you have checked nothing and nation already ruined, so what now?
Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by Cromagnon: 6:12am On Jul 26, 2023
Brendaniel:


People have been doing that and are still doing that and more will still do....
Bro
Shey you know we import sugar $1b, wheat$6b, rice $1b,
We import meat, fish, milk textiles including native wear
How many cars do we produce
How many phones
Saltz, acid, bases
Palm oil
No more grannut
Cars, tractors, steel
Plastic, pot, computer
We are importing yams now and Senegal have taken cassava for multiplication like Malaysia did with palm oil

What do we produce

Talk like an adult

1 Like

Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by Brendaniel: 6:43am On Jul 26, 2023
Cromagnon:

Bro
Shey you know we import sugar $1b, wheat$6b, rice $1b,
We import meat, fish, milk textiles including native wear
How many cars do we produce
How many phones
Saltz, acid, bases
Palm oil
No more grannut
Cars, tractors, steel
Plastic, pot, computer
We are importing yams now and Senegal have taken cassava for multiplication like Malaysia did with palm oil

What do we produce

Talk like an adult

And Oga, you what have you produced?
Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by Brendaniel: 6:48am On Jul 26, 2023
Cromagnon:

How many things have you checked in lady 63yrs.heck 463yrs you have checked nothing and nation already ruined, so what now?

If people were not talking, do you know how bad things may have been? so we should leave the government to run the country anyhow, then there is no need doing campaigns and elections, there is no need granting interviews to politicians asking them what they intend to do in office, there is no need for them to make campaign promises, let us just leave them to be in office to run it as they like..
Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by Cromagnon: 12:11pm On Jul 27, 2023
Brendaniel:


If people were not talking, do you know how bad things may have been?

Now you've talked
What had changed
Nothing. I used to buy bread 60kobo, it rose you 600 naira
How much worse do you think it will get. After this there is nothing to lie on again. No more subsidy. Just demand and supply. Get govt or if the economy
so we should leave the government to run the country anyhow,

What have you done
What have making noise changed apart from not naming super eagles and spreading money, none of which is useful or productive
then there is no need doing campaigns and elections,

How many campaign or election you don do?
It's only the politicians that do them
You just spectate during the one time you can make your voice heard
there is no need granting interviews to politicians asking them what they intend to do in office,

Hahaha
You thought the interviews are for them
No, their to sell you advertisements so you can keep consuming since you refuse to produce
there is no need for them to make campaign promises, let us just leave them to be in office to run it as they like..
before nko
How many promises have been fulfilled yet each politician does 4 to 6 terms in various capacities
Your nose making changes nothing
Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by Cromagnon: 12:12pm On Jul 27, 2023
Brendaniel:


And Oga, you what have you produced?
Cassava and maize

And I can adjust price according cos commodities hold value
Your salary will not change as quickly

You better produce something instead of playing gotcha questions on social media

1 Like

Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by Brendaniel: 1:24pm On Jul 27, 2023
Cromagnon:

Cassava and maize

And I can adjust price according cos commodities hold value
Your salary will not change as quickly

You better produce something instead of playing gotcha questions on social media

Oga, I'm also a farmer, I farm Cassava, maize and even rice, does that mean I should keep quiet when the government is going wrong?
Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by Cromagnon: 7:34pm On Jul 27, 2023
Brendaniel:


Oga, I'm also a farmer, I farm Cassava, maize and even rice, does that mean I should keep quiet when the government is going wrong?
how has the govt gone wrong telling you to spend within your means
Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by Brendaniel: 7:49pm On Jul 27, 2023
Cromagnon:
how has the govt gone wrong telling you to spend within your means

Did I complain of my spending or not having to spend?

You think everyone complaining about the government are poor?
Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by Cromagnon: 8:14pm On Jul 29, 2023
Brendaniel:


Did I complain of my spending or not having to spend?

You think everyone complaining about the government are poor?
Yes you did
Yes you are
Re: FIRS Generates 5 Trillion Naira Tax In Six Months-Highest Ever by Brendaniel: 9:54pm On Jul 29, 2023
Cromagnon:

Yes you did
Yes you are

You see why I don't take you guys(Tinubu supporters) seriously, you don't even know me to make conclusions....

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