₦airaland Forum

DeepSight:
+
Aburo,

I cant tell you this enough. I keep saying this. Kill pride. Pride kills.

VAT is a Consumption Tax.

https://www.investopedia.com/terms/v/valueaddedtax.asp

https://www.firs.gov.ng/vat

If the above two links dont help you, let me try a newspaper breaking it down:

"VAT (Value Added Tax) is a consumption tax charged on the supply of all goods and services other than those listed as exempt in the first schedule to the VAT Act. VAT is a tax on spending which is borne by the final consumer of goods and services because it is included in the price paid. The seller is required to include the VAT element separately indicated in the tax invoice, collect with the price of the goods and pay over to the government."

https://www.premiumtimesng.com/promoted/602755-understanding-vat-in-nigeria.html?tztc=1

In short, the Consumer is the payer of VAT. And he/ she pays it at the point of consumption when billed.

VAT is not paid at the point of production of jack. Contrary to what you ignorantly say. If that was the case, then just go ahead and produce anything be it rice or beer and start collecting VAT and remitting it without anyone consuming either those goods or the service.

You must be joking.

I really don't need to learn anything. I am a corporate and commercial lawyer with decades of experience in finance and tax. No one can tell me VAT is not a consumption tax, that's elementary - it is. I neednt even produce links, but I do that just for you.

Worse is that you said it is not collected at consumption but at production. That is just a wild joke.

Perhaps your problem, and this is only to assist you, is that you are conflating where it is collected with who remits it to the government. It is always collected from the Consumer, as it is a consumption tax. It is then remitted to the government by those who have collected it from the point of consumption. Perhaps this is your confusion. If so, not a problem, just understand that when you receive goods or a service (or even food at a restaurant) and you see VAT there, you are paying it, and it is being collected from YOU as the consumer, at that point of consumption. So that is clear, VAT is collected from consumers of goods and services at the point of consumption, when they pay for same. Those who collect it, have an obligation to remit same to the tax authorities.

You categorically said that VAT is not collected at the point of consumption in Nigeria. Jesus is Lord. And yet you cock your shoulders and strut around speaking what you dont know.

If I have said this once, I have said it a million times. Kill that pride. Its hilarious.

You are talking nonsense.

No wonder the judiciary they say is the problem of Nigeria.

jmoore:
VAT is consumption tax not development tax.

Babablu Bulabu

Ok.

You think it was CONSUMPTION that was share across regions.

jmoore:
Which region has the highest poverty rate in Nigeria?

How can southeast have lowest VAT but it is north that is headquarters of poverty?

Dot the i's and cross the t's.

More money does not translate to development.

lawani:
It is what you produce and sell that you pay VAT from. If you produce in Oyo, VAT paid is credited to Oyo. Hotels pay VAT for instance, can it be credited to another state?. It is only the telecoms companies especially that people say the VAT should not be credited to one state

Are saying all goods manufactured in Oyo are consumed in Oyo?

Are you saying Oyo dont take anything out of the state to other states or regions?

Kukutente23:
I don't know what this thread shows other than poor reasoning ability of the Cable crew

The amount recieved and the amount contributed does not match so what is responsible for the mismatch if you are considering regions with Lagos and Rivers excluded?

The mismatch shows that there is a factor not being considered in this analysis

Thank you sir.

How do you talk of regions and yet you said remove Lagos and Rivers?

Are they regions on their own?

Lets have what they generated and what they received.

This is sheer manipulation!

North-west Nigeria remains the most affordable region to live in, the most peaceful and the most cosmopolitan.

I am only surprised that Zamfara and Jigawa are not on the list.


Sweet, sweet Arewa!

Exousiang01:
Crab mentality.
Let's see if this will hold water.

Malami is just trying to silence the EFCC.

Why not focus on defending himself.

I am not saying the EFCC chair is a saint.

But he is practically begging to be charged to court. That is where justice is decided.
Not in efcc cell or on nairaland comment section.

What do you people want?

Na dollar dem dey collect?

Generals without war!

General without war experience cannot prosecute a battle with a rag tag like terrorists and bandits.
An officer is made a general for just standing behind a ;resident.

A general was cut off from his troope by a rag tag army,paraded like a common criminal and murdered nothing serious happened in that regard.
Pity!

michlins:
T[b]he only thing I support here is his call to be charged to court and defend himself. It's his fundamental human rights.[/b] As expected, nothing will come out of it.

If former kogi state government can walk freely after the EFCC boss swore to resign,I have next to zero confidence on this EFCC boss.

Calling this a witch hunt is a joke. His former boss late Buhari said if you're not a witch, you shouldn't be afraid of witch hunt

Good one from you.

MEGAWATCH:
This is a case of corruption fighting corruption.


The efcc people are looking for their share that's why they don't want to take him to court.


🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

Or maybe they may not be able to prove their case in court.

Mjshexy:
This extremely and shamelessly corrupt man, efcc shouldn't give him breathing space and ensure he forfeits all money and properties laundered home and abroad. These guys really stole this country dry, thinking power will remain with them forever.

Your evidences will be useful in a court of law not on niaraland.

IbnB:
The painful thing is that these guys aren't even trying to actually jail him, they just want to prevent him from becoming governor of Kebbi state

It is only a competent court of law that can pronounce a jail term.

Ikaeniyan0:
Go and defend yourself and leave all this your long story

Have you charged him to court and he didn't appear?

DavidVsGoliath:
Quota system former AGF is the most corrupt AgF to head the Ministry of Justice.

Under this man Justice was through a bazaar system.

He will be convicted surely by a competent court and these antics won't save him.

The monies and properties he corruptly enriched himself with shall be forfeited to the FG by the courts.

What a shame, it is disgusting that such a person want to become Governor of a state.

Hope you have your evidences intact so you can testify against him in a competent court of law.

MemphitzDgreat1:
It's safe to say that Olusegun Obasanjo as a retired General is more of a democrat than Bola Ahmed Tinubu, who has been a civilian all his life.
Bola Ahmed Tinubu is an autocrat and a fascist. I'm patiently waiting for the fool that will tell me otherwise.

There is no otherwise to tell.

benardtotti:
Let's even assume ribadu didn't follow up on investigating tinubu , el rufai himself was happy to support same tinubu he is suddenly realising is corrupt, doesn't that tell you all politicians are only after what benefits them ? Only gullible Nigerians will keep listening to politicians as if their lives depends on it .

l agree with you but these are the people we must align with politically. They control the space.

HgAkpobomeEr:
El-Rufai is a master of the game.

Thank you.

El-rufai na man!

obeegee:
When they call you out on your bullshtt, nigerians are quick to either call you small boy or tell you how they have more money than God.

Mr Yahoo Primate, please shift! Reminds me of Fr Mbaka

Where is fr Mbaka?

He suddenly went quiet.

Lanretoye:
1000 trumpets ?!!!,is he planning to make the angels go deaf?

I doubt if Nigeria market fit get up to 1000 trumpets.

How could they run away with 300 to 400 herds before security operatives?

Still on regime change agenda by Nigerian christians, i guess.

Kobojunkie:
Financial security is not about longevity of marriage. Rather, it is about ensuring that marriage is an upgrade for both the individuals in the marriage and the children they produce.

If you enter marriage in poverty, you are guaranteed not only to remain poor, but also to have generations of your children also in poverty. However, financial security before marriage not only ensures you and your spouse the benefits of marriage— these benefits are not automatic— but also helps you better create an environment where your children have a better chance of escaping poverty, even if it happens to you, their parent, much later on, than if you were always in poverty from the get-go.

Financial insecurity is a major source of stress in all marriages. So, going into marriage with this stress already hanging over your head is an assurance of more troubles to come, for you and your children to come.

Ok

What is the point if the financial security cannot secure the longevity of a marriage that is suppose to be a life time union.

Anyways, financial status can change at any point in a marriage.

How much one senator get before him marry one actress.

How far d marriage go?

True!
We shall need this to decimate trump when he eventually man up to come.

Off cause he wont dare come!

Goo0dHardDick:
Yet obi got 6.8m votes
Atiku got over 7.2m votes

What's the difference? I thought obi would have gotten 1m votes while atiku gets 10m votes to show he is the principal? Bros the dynamic has changed!

Atiku should go and sit down. I'll rather vote for GEJ if obi isn't on the ballot

Obi got 90% christian votes yet lost to Tinubu and Atiku.
As long as Obi remain the christian candidate, he wont win a presidential election in this Nigeria.

I am still looking for the food stuff.

Racoon:
The message is clear and loud. The jihadists behind this carnage have divine vengeance to contend with.

When is the God and saviour of Nigerian christian coming from US to save dem from jihadists?

So, so chochocho..... Polluting air space with rhetorics.

WizardOfNG:
Hear, hear Tuggar. An eloquent, professional and dedicated diplomat I am proud of who always does his job well.

One section in the article exposes how this Chamari lady, along with Trump and many others, is arrogantly dangerous, ignorant, repellent, vile and probably a racist who care little for Nigeria and what is in the best interest of the biggest black nation on Earth.



Can anyone see from the above the fundamental ignorance and malevolent folly of anyone who truly knows the reality of Nigeria and her people claiming Tinubu a Yoruba, married to a pastor, and from the ethnic group cited as perhaps the most religiously tolerant in the world, being accused of inaction against "Christian genocide" because he is a Muslim with sympathy for Islamic fundamentalism?

They certainly have nefarious agendas for Nigeria aided by their enemies-within partners, from a certain region of Nigeria, doing their best to pour petrol on the fire with "weapons of Mass destruction" type lies USA used to justify invading and destroying Iraq.

Yet, as Tuggar declared, they will all fail. 8

Sir, regime change is paramount on the agenda.

CAN and many christian politicians are part of the conspiracy.

What they couldnt achieve through the ballot, they want to capitalize on insecurity.

Putindbutt:
I love Tinubu's team, dem dey burst my brain. No time for acting like a chicken before the western countries ( the grand sponsors of world's terrorism). I love how they have been looking these western bullies in the face and spittle at dem face. You can't accuse us as you accused South Africa of White genocide, you can't order us around like you did to Ramaphosa. This is Nigeria, let that sink into your head.
These guys are hypocrites, they don't give a sh!t whether you're a Christian or Muslim, they don't care about you. They only want Nigeria to play ball, having realized the President of Nigeria has not been warming up to them but rather to BRICS.
The same US that is now taking pictures with one of the most wanted terrorists who became the President of Syria just because he's ready to play ball. Two days ago, Saudi Prince was received to a dinner in the white house and Trump shamelessly told the world that the Saudi Authorities had nothing to do with the death of Khashoggi.. can you believe that!. Just because the Saudi Prince is ready to play ball and invest trillion of dollars in US economy. I love how Tinubu and his men are giving these western hypocrites the middle finger.

I salute you, sir.

LeeSmart:
It's owkay jiha-dist, at least i get to know you by the black spot on ur forehead

Proudly a muslim, waiting for your saviour from US - trump

LeeSmart:
I have a female friend who graduated from Usman Danfodio University, Sokoto state about 10yrs ago but she couldn't collect her result because some lecturers found out that she's a Christian-fulani and to them it's a taboo. So what will you say about that sir?

Testimony time!
Lying time!

This forum is not your church where every lie is swallowed hook, line and sinker.

GerogeI:
Abeg disregard the propaganda news.
Ribadu and Co. went to US trying to enter the UN event where Nicki Minaj spoke about Christian Killlings. They were neither invited nor allowed to participate.

That UN event will lead to the consensus US is building to take action in Nigeria. Since they could not make impact they went visiting US senators and secretaries, who gave them the Usual diplomatic pretentious welcome, which they are over blowing as collaboration.

Can you Imagine Ribadu going to meet trump instead of the president or even vice. Oh I forgot, some people alleged that one was a drug dealer known to CIA, the other is a bandit. If true, Trump won't listen to drug dealers, he kills them with missiles. Neither will he tolerate bandits (Islamic jihadist) that kill Christians.

Tell trump he is wasting our precious time.

He should come and make Akpabio president, make we see.