₦airaland Forum

Dont use bank loan to go for pilgrimage.,

Dont use cooperative loan,

Dont use any money you have to pay interest on, or the one someone paid you interest on

True

La yukallifullah nafsan illa wus aha

Jaza kallah kair

Pls ohh..

No one is supposed to borrow becos he wants to slaughter ram. If the recession is biting hard, Allah knows you intention and would reward you accordingly

madridguy:
Kudos to our Igbo brothers.

God Bless them all.

For developing other pples land abi?

I too say kid o's to them

Developing some1 elses land

Nigeria can still not build its own gas facilities

obyrich:
Post a picture of you doing a similar dehumanizing thing to show your patriotism. It is only among zombies you see such foolishness in the name of celebration.

Its simply a promise kept.

National automotive design and development council

Una phone no dey see google?

Isoko1stSon:
Dangote is A Muslim...

He Is An Enemy Funding Jihad in Nigeria....

Wats My Bizness Wit hs Heavy Nonsense...

Meanwhile I hope dey Use Lagos Oil Or Borno Oil For hs Refinery....Cos He Can't Tell Us why that Refinery Can't be Situated in Delta Or Akwam ibom

B'cos ur people would want to bomb it

Abbotp:
More investments and developments.....

Nice one..

Dont pray to get caught in traddic behind that truck

Dey no use this one cause hold up for Epe ibeju road abi?

Na apapa sis one follow.

Dropped to 3500.

I just refilled a week ago frm skyteam

Most are shell companies

Registered because they hav someone in govt

The moment their person is no longer there, the company fold up

Why will she be pressing phone when i m supposed to be pressing her

On point.

Na their work

Hmmmm

Blame the blamers

U see

Some people would say its a no-mans land

Exactly what i want my kids to learn

Googd. Very good

IdeyFindWife:
It's only in Nigeria that you rob a people blind and still automatically become their benefactor and godfather.

This Kwara own pictures height of insipidity. It's really reduced my respect and tainted my view of their their stock forever.

Good God, how do i look a Kwara person in the face without bursting out laughing at the height of their inbred cowardice now, ehn? Can you imagine? These are prolly the senior civil servants, top politicians and party stalwarts and they're even kneeling down like fukcing plebe slaves to their #Oga@TheTop who majorly caused their State's backwardness and left them with prolly the poorest civil service and a most non-viable Industrialization/Investment & IGR profile.

Kwara: a state of living, breathing and walking zombie stooges! Na real wa, i nor fit laugh abeg!

Abi

That is hw everyone is shouting kwara people are weak.
Well now he is in federal level comtrolling the senate jst same way he did kwara
now the joke is on all those thinking kwarans are weak.

Now that saraki is almost shooting down the nat. Assembly once he did not get his way i hope people dont behave like kwarans and do something about it

Rorachy:
I easily forgive people only when the apologize but when I forgive I don't forget easily.

My brain remember stuffs like mad.

You not forgetting doesn't mean you have not forgiven it means your brain needs to remember the wrongdoings for them not to happen again.

corr


correct dame

No now

what do you think is experience? Its simply been able to relate present happenings to past experiences

Forgive ,yes that should come naturally cos the hands of time cant be turn back. Therefore jst forgiv and move forward with the lesson learnt.

kif you allow same thing happen to you again, then na mumu you be

SeniorZato:
The car was parked

Even if its parked there should be support because of the missing tyre.

Abi na devil dey hold am up?

SalamRushdie:
Abandoned APC party thugs, after they were used in last elections to secure victory for the current state governor ...Good news the1 governor has stopped turning a blind eye to their excesses

is dat so?

Ok

They are taking laws into their hands.

That is hw they graduate to be armed robbers

Rossikki:
Evil witch. Only a witch can steal this kind of money without conscience. Satanic woman.

Someone cannot steal in peace again?

Ewoh


Pls let me hate this woman in peace

There's absolutely no hope for Buhari anymore. Not for 2019.[/quote]

googlepikins:
PDP is coming back stronger, the APC suffering is too much

Same actors man.

Before then they would have done their permutation wether to remain in APC or move over to PDP.

They are all one big team. Some are currently playing while you have reserve on the bench.

Once their is change of govt, the reserve go in to play and those dat hav played before go back to the bench.

Becos we only hav one basket to pick from, the one you did not pick today is right there in the basket waiting for their turn to be picked


[quote author=NothingDoMe post=58594684]

Arewa yoots will be peeing in their pants right now.

there's absolutely no hope for Buhari anymore. Not for 2019

Didnt the poster of the word quoted above knows that even the pdp has zoned the presidential slot to AREWA? Either way, arewa all the way

hatchy:
I suspect that PDP and APC wants to go into alliance.
Ike Ekweremadu's visit to Tinibu the other day and this woman's visit today smack of something.

There is no opposition in Nigerian politics any longer rather people of same interest coming together for their selfish interests.
Tell me the reason a minister from the ruling party will pay official visit to the chairman of supposed opposition party.

2019 will surely hot for all of you because the electorates have become wiser.

And what choice do the electorate has?

Wether you vote in APC or pdp, its the partys name that would change b'cos the actors would remain the same

There is no hiding place for tax defaulters. The Federal Government has engaged the services of asset tracing-companies to investigate the tax payment status of 150 firms/individuals.

Minister of Finance Mrs. Kemi Adeosun said yesterday in Lagos that investigators would rely on information derived from Bank Verification Number (BVN), records of property ownership, records of foreign exchange allocation, and records of company ownership from the Corporate Affairs Commission (CAC), among others, to ascertain the income status of the companies/individuals vis-a-vis their lifestyle.

The minister, who delivered a lecture at PWC’s Business School, with the theme: “Voluntary Assets and Income Declaration Scheme (VAIDS) Interactive Session for Executives and Business Owners” said: “We are using some firms (I will not mention their names) to trace assets internationally.

“We are working alongside projects we have locally, like the Bank Verification Number (BVN), records of property ownership, records of property allocation, records of company ownership from the Corporate Affairs Commission (CAC), among others. It is from these projects that we look at how much tax such companies or individuals should be paying”.

She said findings from these statistics would be computed, and compared with how much tax the person/company is paying to know if the right taxes are being paid or not.

Adeosun said: ”The investigators’ findings will enable us compare the income and how much tax the company/person is really paying, and that gives us lots of information. But we encourage people to come up and pay their taxes willingly.”

She added: “You can register a high-end car. It tells me something about your income. So we look at your tax returns. If you registered Mercedes E-Class and you are paying N100,000 tax, then something is wrong. Those are red flags. We now have the capacity to assess people accurately.”

The minister said no one would be left out in the campaign to enlarge the tax net adding that the response being received so far showed that people were embracing the tax policy..

She said some beggars were earning millions, and the government would even look at their lifestyles and tax them, adding that “even proceeds from begging are taxable. You are supposed to pay taxes even if your means of income is begging”.

To Mrs Adeosun, tax is a matter of law and Nigerians should continue to pay. “We are trying to build an economy where we have oil and other things. It is going to be oil plus and wider economy,” she said.

Asked whether the funds from taxes will be judiciously used, she replied: “Why I think the resources will be used judiciously is because when people pay taxes, they get involved. When people do not pay taxes, when you call for budget meetings, they will not come. But when they pay their taxes, if the government says these are the projects we want to execute on the budget, people will show up because they have contributed to the tax revenues.”

In her view, such contributions improve the democratic process. “As our tax revenues go up, governance will improve. We have many projects we want to execute and I think if we have the funds, they will be executed. I think we are seeing improved budget performance. That will lead to getting the roads done, and improve the condition of our schools. Progressively, what we should look out for are improvements in the standard of living, and lifestyles of Nigerians as we get more tax compliant.”

The minister said government set a preliminary tax target of $1 billion annually, but her belief is that the target can be surpassed. “I think we can get more, and let’s see how it goes. For me it is not about how much money we recover it is about getting more people to pay their right taxes continuously. How much we recover from taxes is not as important as getting people into the tax net and paying the right taxes,” she added.

The minister also disclosed that the people who are paying taxes are mainly those whose taxes are being deducted from source. Also, the people who seem to be evading taxes are either on their own business, or high net-worth individuals.

“Ideally, they are supposed to be the biggest tax payers. What is happening now is that the lower earning people are carrying the huge burden, which is really unfair. So, we need to reverse that. Everybody has to pay their fair share, according to their level of income,” she said.

Mrs Adeosun spoke of tax as a means of income distribution, adding that taxes should be taken from the rich, to support the poor.

Explaining how it works, she said: “If somebody has a property. We have no problem with that. The only thing the tax man asks you is where did you get the money to buy the property? If you bought it for N20 million, that’s no problem, but the income you used to buy that property would have been subjected to tax. If you show us your tax slip then no problem.”

“But what we are finding out is that there are someone people with a property of N20 million, but when you look for the tax returns, they paid only N15,000 annually for the last seven years. So, how did they fund that house? What that means is that the person has other incomes, which was not declared to the taxman because for you to own that house, it is either the money was stolen, or it was inherited. If it was stolen, another agency will deal with that, because it is not for us.”

“In that case, you will tell us, from whom you inherited it, and such information can be confirmed. From your income, you couldn’t have earned that. So, we want you to now declare those incomes. We want to correct people, whose lifestyle is not commensurate with their income. It may be house, it may be private jet, and so on.”

To Mrs. Adeosun, it is regrettable that while most developing countries have tax to Gross Domestic Product ratios above 20 per cent, Nigeria still records a global low of six per cent.

She said the Federal Ministry of Finance, in a bid to address this, set up the Voluntary Assets and Income Declaration Scheme (VAIDS) in collaboration with the 36 states. The scheme was launched by the Acting President Prof. Yemi Osinbajo.

The main objective of VAIDS is to increase the number of taxpayers in the tax net and raise revenue for government. Specifically, it is expected to increase Nigeria’s tax to GDP ratio from six per cent to between 10 per cent and 15 per cent, broaden the national tax base, curb tax evasion and discourage illicit financial flows.

Besides, it is expected to improve good governance, guarantee a better quality of life, encourage robust national planning and increase the size of the formal economy.

Mrs. Adeosun stated that at six per cent, Nigeria’s tax compliance rate was low whilst most developed nations were at 30 to 32 per cent. “Prosperous nations have high levels of tax compliance whilst poor nations have low rates. Nigeria aspires to be a prosperous nation, so this problem must be solved,” she said.

The scheme, which began on July 1, will last nine months and will be implemented by the Federal Inland Revenue Service (FIRS) in collaboration with all 36 State Internal Revenue Services and the FCT IRS.

Taxpayers who make full and honest declarations will enjoy a waiver of interest and penalty, immunity from prosecution, confidentiality of information supplied, exemption from tax audits for the periods covered by the disclosure and flexible payment of tax due. Taxpayers who fail to participate in the scheme will be investigated and if found culpable will face trial




http://thenationonlineng.net/fed-govt-hires-asset-tracers-go-150-moneybags/