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Nairaland Forum / Nairaland / General / Business / How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo (21068 Views)
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Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by COMPAQ(m): 2:04am On Jun 28, 2021 |
Seniorwriter: Make you come kidnap me abi? But there is Fibre One all over middle /upper class lagos. And Broad based communications. |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by Masterito(m): 2:10am On Jun 28, 2021 |
Only if you understand. For your mind you talk sense. How can I start explaining to you? Mehn enjoy your ignorance. Bolustical: 1 Like |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by Qualer: 2:13am On Jun 28, 2021 |
Joylove2324: fine people no suppose dey behave like this now!!! |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by ttmacoy: 2:57am On Jun 28, 2021 |
Thank you. This is like the US government saying they will start taxing nairaland because Nigerians in diaspora use the website from the US. traihit: |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by Nobody: 3:09am On Jun 28, 2021 |
Invent nothing - tax everything (the lagos model) |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by MemoriesAndMe: 3:14am On Jun 28, 2021 |
TheRareGem1:They'll rather take their businesses to other countries with innovative and welcoming leaders because it appears they're doing Nigeria a favor by keeping them connected with the rest of the world. It costs companies like google, Facebook, Instagram, Twitter etc nothing to block Nigeria entirely. Rather its Nigeria blocking Twitter when it would have been worse the other way round. If Nigeria wants tax from them, Mali, Zimbabwe, Togo etc all ask for tax for using services these companies freely provide them, then whats their gain in even dealing with these countries in the first place? If I was in a capacity to make decisions for a tech giant like google and common Nigeria is asking me to start paying taxes in Nigeria, I'd just be as quiet as Twitter has been about it and silently block all Nigerian IPs from accessing our services. By the time even the lawmakers aren't able to check their emails, can't access their app stores from their android phones and lose all functionalities, their brains will be reset to a point where they'd know they need us more than we need them. Its almost like saying Google needs to start paying taxes because everyone in Nigeria uses a Gmail account and is affiliated with Google. What alternatives did the government provide before these tech giants provided them with better means of communicating? Theyre even talking about asking whatshap to pay taxes. How much has anyone in Nigeria paid to use the free whatshap on their phones that Nigeria wants money for the free service whatshap offers Nigerians, on servers maintained by the company that wants to keep Nigeria included. By the time this crop of leaders are done, everyone will be back to the age of writing letters to eachother when these companies all bar Nigeria totally from their services. 3 Likes |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by ofiko123(m): 3:20am On Jun 28, 2021 |
We just hope that things get better in Nigeria.. |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by teelaw4life(m): 3:58am On Jun 28, 2021 |
dalongjnr: You no get sense. You're making tax laws for organisations that have zero physical presence in your country. How does this make sense to you? |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by FarahAideed: 4:33am On Jun 28, 2021 |
COMPAQ: You are a very short sighted character |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by ibietela2(m): 5:10am On Jun 28, 2021 |
With no electricity? You gobshites have no idea what we go through since we don't do cows or speak cow language |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by TheRareGem1(f): 5:36am On Jun 28, 2021 |
Torosk1: And what are you? |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by TheRareGem1(f): 5:40am On Jun 28, 2021 |
Ayo2004: He only know how to share 5k. Are you normal. That money you think it's small, even with the situation, it is a big amount to the vulnerables who receive it. I was watching channels TV, airing success stories on CCT, and to my surprise what these beneficiaries are doing is wonderful; when they receive alert of the 5k, they gather their selves in 20 number, contribute the money in form of cooperative, they set roaster and when it's your turn, you go home with 100k, I said to my self, this is wonderful and same thing goes to the market money 10k too. Stop speaking trash please |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by TheRareGem1(f): 5:42am On Jun 28, 2021 |
teelaw4life: You see that your comprehension us below per, or maybe you didn't read |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by TheRareGem1(f): 5:44am On Jun 28, 2021 |
MemoriesAndMe: It' can't happen, and they are not doing Nigeria any favour, think about it, in twitter alone, Nigeria has at least 40million subscriber, Facebook has more than 50million and etc. Look at this massive presence we are talking about and our financial act has stated clearly that ; The Finance Act 2019 empowers the Federal Government to collect taxes on the Nigerian income of global tech giants with significant economic presence here, even if they have not established an office or permanent establishment and are currently not paying taxes in Nigeria. Section 4 of the Finance Act 2019, provides that “the Minister (Finance) may by order (of the President) determine what constitutes the significant economic presence of a company other than a Nigerian company.” 1 Like |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by Vikynas: 5:49am On Jun 28, 2021 |
Vice President of How How everything Our Vice President is how FG will do this and do that without implementing any Mr How fools |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by TheRareGem1(f): 5:49am On Jun 28, 2021 |
Theunbothered: And this is a wake up call if they block IP addresses from Nigeria for our so called tech gig to come up with our own platform. How is it dumb when the Finance Act 2019 empowers the Federal Government to collect taxes on the Nigerian income of global tech giants with significant economic presence here, even if they have not established an office or permanent establishment and are currently not paying taxes in Nigeria. Section 4 of the Finance Act 2019, provides that “the Minister (Finance) may by order (of the President) determine what constitutes the significant economic presence of a company other than a Nigerian company" ? |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by TheRareGem1(f): 5:50am On Jun 28, 2021 |
greenguy: I hope your uncle is a counselor � |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by OgundeleTeju: 5:53am On Jun 28, 2021 |
This is a good development |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by Theunbothered: 6:57am On Jun 28, 2021 |
TheRareGem1: Okay come up with your own Nigerian Internet platforms and make them go global. You people just talk like it is opening one Iya Bisi shop
Okay please tell me how the government will collect the tax or determine the revenue stream of an Internet company from Nigeria especially when the company does not sell taxable digital services like apps but adverts. How will they punish offenders? Who are they going to arrest? |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by Nobody: 6:57am On Jun 28, 2021 |
Supported, companies like Facebook and Google make so many money from nigeria through their ads and pay zero tax. I know how much money I spend on Facebook and Google ads and I know so many other Nigerians will do same. |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by Zetty177x: 6:58am On Jun 28, 2021 |
Hndrrxxx: I wonder who de share ur statement..cos u spoke the truth 1 Like 1 Share |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by Crenzywilliams(m): 7:17am On Jun 28, 2021 |
From everything I just read I don't see the "how" they are going to actually tax them...pls tell us the "how". |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by Joyce95: 7:17am On Jun 28, 2021 |
It is very important that they are taxed and government needs to ensure that asides taxing them, they also create more employment for Nigerians. |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by phineas: 7:21am On Jun 28, 2021 |
teelaw4life: You guys need to wake up and applaud any initiative that supports the growth of the country.They make a lot of money from Nigeria.A lot,if in doubt ask how much Linda makes from ads daily,and that's just a tip of the iceberg compared to Facebook,insta,Twitter etc. Thanks to our population and china /asia not letting their people trade with such platforms,Nigeria contributes a significant amount in dollars to their revenue.Someone should Please bring the figures and rate in comparison to other countries and regions. This is the right step from Nigeria.Tax any income they generate from Nigeria.Any money that goes out from Nigerian accounts to them as payment for services must be tracked and taxed,vat first then systems to collect other taxes e.g must be thought of creatively .Naija is doing that already.e.g operating liscence,registration etc |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by Nobody: 7:30am On Jun 28, 2021 |
And you and your useless friends will still use it to plan weddings. I honestly don't know why I was born here. |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by Ayo2004: 7:36am On Jun 28, 2021 |
TheRareGem1:Why are u talking like an illiterate?The lowest cost of rent in Lagos shops is about 20k yet they are being deceived with 5k in order to get political votes...the total money distributed to the fools will still be embezzled after winning elections or you think APC gave them that money for free Man is using all of you as pawns yet you are here talking like a fool,imagine someone defending him for sharing 5k Asif he is not using poverty for election advantage Please,try not to be gullible |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by Ayo2004: 7:37am On Jun 28, 2021 |
Jackson105:RCCG illiterate spotted |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by lexy2014: 7:38am On Jun 28, 2021 |
TheRareGem1: So how has d govt been able to use d taxes collected so far to fulfill it's responsibilities as enshrined in section 14 (2b) of d constitution? |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by spacechuks(m): 7:50am On Jun 28, 2021 |
spacechuks: |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by shegzhkn: 8:25am On Jun 28, 2021 |
COMPAQ: Who is ur ISP, MainOne ?? |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by Jackson105: 8:26am On Jun 28, 2021 |
Ayo2004: That must be your siblings |
Re: How FG Will Tax Profits Made By Global Tech/Digital Giants In Nigeria — Osinbajo by asamwababy: 8:29am On Jun 28, 2021 |
MemoriesAndMe: Please stop embarrassing yourself on a public forum. They are not taking their business anywhere because all the other countries are already taxing them for digital products. Your country has been sleeping all this while and just woke up. This is what you get when you elect leaders that re not exposed. The world has moved on since and your county is playing catch up. |
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