Aieromon's Posts
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MrBrownJay1:There are actually stops and refreshments while the bigger buses have rest rooms. |
esiri4jesu:Requirements 1. International Passport 2. Yellow card 3. Proof of COVID-19 vaccination? Contact any of the listed transport companies for more information. https://www.carmart.ng/public/blog/lagos-to-ghana-by-road-lagos-to-ghana-bus-price/
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MrBrownJay1:A lot for someone on a budget.
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TOBILOBA2023:https://www.nairaland.com/7610181/ncc-unveils-new-unified-short |
Blue3k:Ok. |
Blue3k:Because the 1999 Nigerian constitution allows it, period. This is Nigeria, not the US. Have you paid PAYE tax in Nigeria before? |
Blue3k:Policies? The only tax regulated by the FGN is the PAYE portion of the Personal Income Tax. Direct assessment is determined by the individual state IRS. Do they have a problem with it? No state has complained since 2011 till date. Why reinvent the wheel? Instead, I would prefer to provide an enabling business environment (business tax discounts) to a potential investor who would in turn employ indigenes who will in turn remit PAYE. PAYE is directly connected to employment rate. He who has a decent job will have no problem paying income tax. Everyone wins. |
Blue3k:The screenshot says it all. 1. The state cannot pay salaries and pensions without FAAC contribution. 2. The state is struggling to improve revenue drive. 3. Take a look at the IRS figures https://www.akirs.ak.gov.ng/reports 75% of the poor IGR is from the PAYE collection. Now compare with Ebonyi.
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Blue3k: The capacity of a state to drive long-term economic activity such as boosting employment and offering effective public services is often demonstrated through the amount of independent revenue it can generate.Take note of the following: IGR trend IGR vs Federal allocation IGR per capita Recurrent expenditure
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Blue3k:What state is this? Show how this strategy will improve its current IGR and residents disposable income. Give me a reason why I should relocate to this state because of zero income tax. |
Blue3k:This applies to the personal income tax only. What happens when the states have "control"? You want state governments to reduce it when they're struggling to raise IGR? What is the percentage contribution of PIT to the states' IGR? How effective have they been in "controlling" the other forms of taxes within their jurisdiction? We hear them penalising banks and telecom masts for non-payment of taxes. How many persons do you think pay the actual amount of PIT as defined in the Act? Advice the states to expand their tax base and provide tax breaks to willing investors. It doesn't have to be PAYE. |
Macmilla:Exercise a little patience. Deliveries from Lagos to states now move at a snail's pace. |
TAXES COLLECTED BY FEDERAL GOVERNMENT 1. Companies Income Tax 2. Witholding Tax on companies and residents of the Federal Capital Territory and non-resident individuals 3. Petroleum Profit Tax 4. Value Added Tax 5. Education Tax 6. Capital Gains Tax on the residents of the Federal Capital Territory, bodies corporate and non-resident individuals 7. Stamp Duties on bodies corporate and residents of the Federal Capital Territory 8. Personal Income Tax in respect of: (a)Members of the Armed Forces of the Federation (b)Members of the Nigerian Police Force (c)Residents of the Federal Capital Territory (d)Staff of the Ministry of Foreign Affairs and non-resident individuals 9. National Information Technology Development Levy https://lirs.gov.ng/tax-information/tax-collection |
TAXES AND LEVIES TO BE COLLECTED BY LOCAL GOVERNMENT 1. Shops and Kiosks rates 2. Tenement rates 3. On and Off Liquor License fees 4. Slaughter slab fees 5. Marriage, birth and death registration fees 6. Naming of street registration fees, excluding any street in the State Capital 7. Right of Occupancy fees on lands in the rural areas, excluding those collectible by the Federal and State Governments. 8. Markets taxes and levies excluding any market where State finance is involved 9. Motor park levies 10. Domestic animal license fees 11. Bicycle, truck canoe wheelbarrow and cart fees, other than a mechanically propelled truck 12. Cattle tax payable by cattle farmers only 13. Merriment and road closure 14. Radio and television license fees (other than radio and television transmitter) 15. Vehicle radio license 16. Wrong parking charges 17. Public convenience, sewage and refuse disposal fees. 18. Customary burial grounds permit fees 19. Religious places establishment permit fees. 20. Signboard and Advertisement permit fees. 21. Wharf Landing Charge, where applicable |
Tax Collection has been classified below under the 3 main tax collection bodies: TAXES COLLECTED BY STATE GOVERNMENT 1. Personal Income Tax in respect of individuals resident in the State (a)Pay-As-You-Earn(PAYE) (b)Direct Taxation(Self-Assessment) 2. Witholding Tax (Individuals Only) 3. Capital Gains Tax (Individuals Only) 4. Stamp Duties on instrument executed by individuals 5. Pool Betting, Lotteries Gaming and Casino Taxes 6. Road Taxes 7. Business premises registration fee in respect of urban and rural areas which includes registration fees and per annum for the renewals as fixed by each state 8. Development Levy (individuals only) not more than 100 per annum on all taxable individuals 9. Naming of street registration fees in the State Capital 10. Right of Occupancy fees on lands owned by the State Government in urban areas of the State 11. Market Taxes and Levies where State finance is involved 12. Land use Charge, where applicable 13. Entertainment Tax, where applicable 14. Environmental (Ecological) fee or levy 15. Mining, milling and quarrying fee, where applicable 16. Hotel, Restaurant or Event Centre Consumption Tax, where applicable 17. Animal Trade Tax, where applicable 18. Produce Sales Tax, where applicable 19. Slaughter or Abattoir fees, where applicable 20. Infrastructure Maintenance Charge or levy, where applicable 21. Fire Service Charge 22. Property Tax, where applicable 23. Economic Development Levy, where applicable 24. Social Services Contribution Levy, where applicable 25. Signage and Mobile Advertisement, jointly collected by the State and Local Government |
Blue3k:What do you propose? ![]() Why is PAYE singled out of all the levies collected by the various states for scrutiny? |
Birdbyrde440:The process of handover started immediately the Certificate of Return was presented to the President-Elect. |
Birdbyrde440:The 1999 constitution does not accommodate a vacuum in government. Court case or not, the President-elect will be inaugurated on 29 May. The same applies to the Governors-elect on the same day followed by the National Assembly on the 13 June. The Presidential Election Petition Tribunal has a timeline of 180 days. Assuming your candidate wins, the President-elect has the constitutional right to submit an appeal at the Supreme Court which remaining in office and enjoying all accrued benefits pending determination of the appeal. |
Birdbyrde440:Whoever wins the case is pro-subsidy removal so there is no issue with this. Birdbyrde440: President Muhammadu Buhari has approved the postponement of the 2023 Population and Housing Census, earlier scheduled for 3-7 May 2023, to a date to be determined by the incoming administration.https://www.premiumtimesng.com/news/top-news/595695-just-in-buhari-approves-postponement-of-2023-census.html Government is a continuum. With the amount of money and resources already spent, whoever comes in has no option than to complete the exercise before the end of the year. |
Birdbyrde440:The government is speaking with one voice while the Media is making different interpretations. According to the MFBNP, the NEC agreed that the incoming administration has a stakeholder role to play in the removal so they need to be consulted as well. The NEC also agreed that the subsidy needs to be removed as quickly as possible. In other words, the incoming administration will determine if the removal will go ahead as planned by June 2023 or be extended until the necessary measures have been put in place. https://www.youtube.com/watch?v=mCee0AWKVfI https://www.youtube.com/watch?v=f3xdUVHzaLo |
Nigeria’s Minister of Finance, Budget and National Planning, Zainab Ahmed, has said that the government did not suspend plans to remove fuel subsidies but has rather expanded the subsidy removal committee to include teams from the incoming administration and the state governors.https://www.premiumtimesng.com/news/top-news/595634-fg-says-fuel-subsidy-removal-not-suspended-expands-committee.html |
Racoon:Yes https://www.youtube.com/watch?v=gPzJb3nYlCQ |
Blue3k:The competitive edge you talked about is the absence or low state tax rates. Everybody still pays a uniform federal income tax. In comparison, all the states in Nigeria have zero state income tax like Texas. |
Gajagojo:Witholding tax is different from Personal Income Tax. WHT is under the purview of the FIRS. FIRS is a member of the Joint Tax Board at the state level where they interface with SIRS to receive tax/levies due. Gajagojo:Again, this is false. |
Blue3k:I think what you failed to mention is that each person in the US pays a federal income tax in addition to the state income tax. The US federal tax income is uniform across the states as well. In Nigeria, we have no "state income tax" and the "federal income tax" goes directly into the states' purses. |
Gajagojo:For your information, each state + FCT has a Board of Internal Revenue which is responsible for collecting PIT. The FIRS is only responsible for collecting PIT from employees in the Nigerian Army, Navy, Air Force, Foreign Service and non-residents who derives income or profit from Nigeria. |
Gajagojo:Where did you get this information from? |
Turkey preferred Goat meat is an option though. |
The author has cycled pretty fast into acceptance of reality. |
Land233:It took 2 months for EKEDC in 2020. |
I predict that a PDP member will accept a ministerial appointment from the incoming Government of National Unity. https://punchng.com/tinubu-persuaded-bola-ige-to-be-obasanjos-minister-agunloye/ Is it true that Asiwaju Bola Tinubu was one of those who persuaded the late Ige to take up appointment under Obasanjo? |
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