VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries - Politics (5) - Nairaland
Nairaland Forum › Nairaland General › Politics › VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries (39078 Views)
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| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by Positivepoint(m): 8:44am On Sep 13, 2021 |
Iamgrey5:Lagos VAT inclusive of international trade like the VAT on custom duty, port dues etc. |
| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by puremaker7(m): 8:44am On Sep 13, 2021 |
mac04:you dey mind the idiot |
| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by JB4life: 8:45am On Sep 13, 2021 |
divinehand2003:Op,please answer this very important question. Let the VAT generated from each state be placed side by side to the VAT shared to each state for a better understanding of the controversial issue. |
| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by puremaker7(m): 8:46am On Sep 13, 2021 |
Iamgrey5:you are a fool |
| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by Iamgrey5(m): 8:47am On Sep 13, 2021 |
Positivepoint:Yes it does But guess what! It's only the only state with port And Lagos is not the reason your State doesn't have a functioning port, if it doesn't When we are done with VATs, we are coming for a greater share in the tariffs generated in Lagos ports |
| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by saintdeby(m): 8:49am On Sep 13, 2021 |
Passionate888:Brothers keeper kee you there |
| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by Blitzerz: 8:52am On Sep 13, 2021 |
techwaya:They should manage their fraudulent North East Development Commission |
| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by proeast(m): 8:52am On Sep 13, 2021 |
TEDHorsePower:This igala boy again? I'm an Igbo man and I'm happy with any progress Anambra makes. Unlike you igala imposter that claims to be Anambra but always attacks other Igbo states without sense. |
| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by Positivepoint(m): 8:53am On Sep 13, 2021 |
Iamgrey5:Port is an advantage but until u ve traffic first. We can transfer that traffic to Benin easily or Morocco, Algeria. It's even cheaper through Benin via niger state ask smugglers. |
| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by codemaniacs: 8:54am On Sep 13, 2021 |
CSTRR: EagleNest:It was ironsi and ojukwu that finished the south by abolishing regionalism and creating a unitary government. |
| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by TEDHorsePower: 8:55am On Sep 13, 2021 |
Shut up ezi, you are an Imo man but envious and bitter about Anambra. You think we dont know about your veiled hate and envy. When someone in Anambra thread said that Anambra leads in VAT in igbo land, you quickly jumped in to question his source. Why would you ask for source if truly you meant well. Proeast, you cannot hide your colour. Na me fit all of una. [s] proeast:[/s] |
| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by southpole: 8:56am On Sep 13, 2021 |
Aidejay:this problem of VAT is more complex than many of us think, if you say Kano and Kaduna do not generate a reasonable amount of VAT I will say you are wrong. If you take the population of these 2 states and the goods they consumed into consideration, you will see that they contribute a lot. Many of the goods especially manufactured goods consumed in these states come from the South and people from Kano or Kaduna pay VAT when they consume these goods from the south, unfortunately the VAT is not remitted from the states where the goods are consumed but in the state where the goods are produced. If VAT should be remitted from the state the goods are consumed then we will know exactly how each state contribute. Now take the banking sector, when a customer in Kano or Kaduna enters the banking hall and transact business he or she pays VAT but the headquarters of the bank is in Lagos where the VAT paid by customers from Kano and Kaduna are remitted from because the headquarters of the banks are in Lagos. Let look at the oil sector, Mobil will drill oil from Bayelsa and sell in the international market and remit taxes from Lagos because the head office is in Lagos instead of remitting the taxes from Bayelsa state where the oil was drilled. Dangote products are heavily consumed in the North and VAT is paid by the consumers yet Dangote remit his VAT from Lagos where his head office is situated. I see Northern states demanding bank branches to remit VAT accrued from the respective Northern states to the state Government and not to Lagos state where the bank headquarters are situated likewise with other goods and services. I may be wrong but this is what I see from a layman perspective. |
| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by codemaniacs: 8:56am On Sep 13, 2021 |
Positivepoint:You're Wrong. Huge population does not equal huge consumers. You don't know what VAT is. |
| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by nick50(m): 9:01am On Sep 13, 2021 |
Each state should be allowed to control thier resources..any state that couldn't sustain itself should be merged with another and their state government should be dissolved..enough of using the resources from the south to fund the lavish lifestyle of the barren northern states..example-nasarawa should be merged with fct if they fail to generate enough money to run thier government |
| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by Ilovezzor: 9:02am On Sep 13, 2021 |
Aidejay:True na No be Kano dey generate 2.8bil a month still get 2.8bil back |
| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by southpole: 9:02am On Sep 13, 2021 |
codemaniacs:then explain what VAT is prof |
| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by Safyqueen: 9:02am On Sep 13, 2021 |
divinehand2003:This is the question that is hard to find accurate answer. A man load MTN card in Sokoto and paid VAT on it. MTN turned in the VAT in Lagos because that's where MTN head office is located, is it fair for Lagos to say they owned it whole when the payer is in Sokoto. North has hisbah police that frown at beer consumption and should not take from VAT therefrom but the grain used in manufacturing the beer is from the north which has no tax because agricultural produce is excluded from VAT to protect hunger. Moreover the beer consumption in sabongari alone in Kano state is higher in volume than what is consume in Ekiti state for example. So there is nothing special that Wike is doing in Rivers to enhance VAT that Tambuwal cannot do in Sokoto to enhance same. It is just the geographical location vis-a-vis oil that is presently the mainstay of economy that Rivers State play host to the headquarters of the supervising companies that lead to the VAT Rivers is boasting about. Other state has their comparative advantages to imposes several taxes on, which will not be good to our economy as regards ease of businesses. So VAT is better handled by FIRS. |
| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by Athemisia: 9:03am On Sep 13, 2021 |
Omoluabi1stborn:Don't mind them with their lies... How many big companies are there in the Northeast? People that can't even go to farm as the use too because of insecurity.... This article must be written by Aboki Myshai...
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| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by codemaniacs: 9:05am On Sep 13, 2021 |
Positivepoint: Positivepoint: Emir01:This is Wrong. You don't know what VAT is... VAT is collected in each state when a sale is made in that state. Lagos has the highest population with the highest purchasing power in the country so it's VAT is always going to be high. Lagos VAT can never reduce because it collects VAT generated only in Lagos. Stop spreading wrong information. |
| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by wink2015(m): 9:06am On Sep 13, 2021 |
Five northern states, two south-western states, two south-south states, and one south-eastern state collected a total of N373.84bn of the N836.51bn Value Added Tax allocation available for states in 14 months.THE SOLUTION IS TO FIRST OF ALL CUT THE HIGH COST OF GOVERANCE RIGHT FROM THE FEDERAL LEVEL DOWN TO THE STATE AND LOCAL GOVERNMENT. The federal government in Abuja FCT is taking too much responsibility upon its shoulder such duties should be constitutionally devolve to the states. What is federal government doing with Agriculture and ministry of water resources when it has no land apart from Abuja? What is federal government doing with Vat collection the current burning issues when she is not the state that generated such revenue? There is too much money at the centre and the centre is not generating these funds. Federal government should narrow itself to immigration matters, customs, police, army, navy, civil defence and other para-military institutions. National Legislature and state legislature should be run on part time. With a drastic cut on the cost of governance the drop in the earning of most states in Nigeria especially in the northern states can be managed. Practise true federalism and fiscal federalism. Set up industries that will create jobs for unemployed graduates in Nigeria. Develop the power sectors. Address insecurity challenges throughout Nigeria. |
| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by seyigiggle: 9:08am On Sep 13, 2021 |
your narrative is loopsided and misleading. do you really understand what consumer tax means? let's assume you make bulk purchase of indomie in lagos, you are treated as a consumer in Lagos, therefore you would pay the tax. now, when the indomie arrive say jigawa, any one purchasing (consumer) in jigawa would also pay tax for consumption. Positivepoint: |
| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by CapitalBank: 9:12am On Sep 13, 2021 |
techwaya:Bros, they will find a way. HUMANS always find a way. That is what many of you do not realize. There are ways to survive... |
| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by ITbomb(m): 9:14am On Sep 13, 2021 |
Omoluabi1stborn:Exactly what I have been saying Their population should not be only for election, it should also generate revenue for them I prefer this approach as we gradually phase out feeding bottle federalism The Director-General, Lagos Chamber of Commerce and Industry, Dr Chinyere Almona, on Sunday said the current sharing formula for the states and LGAs should be adjusted using the factors of equality 20 per cent, population 30 per cent, and derivation 50 per cent. This is against the present system of equality 50 per cent, population 30 per cent, and derivation 20 per cent. |
| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by baby124: 9:14am On Sep 13, 2021 |
Iamgrey5:That guy is so ignorant and confident about it. It’s shocking |
| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by codemaniacs: 9:15am On Sep 13, 2021 |
southpole:Currently, VAT is paid to the state where the service is rendered or where products are bought... DSTV , telecommunications e.t.c pay VAT to the state they are in whether HQ or Branch does not matter. if you sell products in Abia, you'll pay VAT to Abia. If you own a company with HQ in Abia and that company has branches in 5 other states Lagos, Enugu, Ogun, Kano, Anambra and selling products in Abia and the branches are also selling products in those states then your company will pay VAT in 6 six states ( Abia, Lagos, Enugu, Ogun, Kano, Anambra ) and not to Abia only. |
| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by proeast(m): 9:20am On Sep 13, 2021 |
TEDHorsePower:Nwa bingo from almajiri states claiming to be from Anambra. Look at how he is trying to reduce this to a contest between Igbo states when it's a national problem between North and South. Only an ignorant fool who doesn't know you're an imposter from parasitic North. I asked for the source because I have been searching for data on VAT generation among states. How does that indicate I'm not happy for Anambra? Anambra is probably the most Industrialized state in both SE and SS, but you will always limit it to SE just to sow seed of discord among brothers and not promote SE. Your hate for anything Igbo is known by all, you can't love Anambra and hate Igbos because only an imposter will do that. You with your 100 monikers and that guy that calls himself juliusmalema are hateful imposters using Anambra to attack Igbo interests. Anu ohia! Ezi Bida!! |
| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by Skyehigher1: 9:21am On Sep 13, 2021 |
Just imagine, jigawa, kano no alcoholic , bauchi , yobe, bokoharam , collect big vat , they are useless up north, southern work for northern to eat, in that case states must collect their VAT simple this case must go to supreme Court |
| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by Coldie: 9:23am On Sep 13, 2021 |
proeast:Ipobjiri tell me what south east contributes to Nigeria |
| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by Safyqueen: 9:23am On Sep 13, 2021 |
SmartPolician:This revolution may not end or give the results the southern states are imagining. The north has several minerals untapped, they will be pushing for it to be harnessed from the federal government The banking sector dominated by the west will be held by the juglar as northerners will pull out and set their own. Telecommunication too will suffer same fate. The Southerners doing businesses in the north will not find it easy again. Remember, with technology and willing foreign partners, it will take little time for the north to achieve that and face the South tit for tat. Hatred will set in, seccession will gain ground, foreign interests will expand and exploit the cracks, war will break out, advance countries sells ammunition to both sides and smiles to the bank and Africa will get destroyed and recolonised again. So what do you think we are doing now as a country. A governor just because of a policy he wants to change will just open his mouth wide open and be insulting a whole region of a country just to spite the president or what? |
| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by Naijanascam: 9:24am On Sep 13, 2021 |
divinehand2003:Good and sincere question to the writer...... because you can't be making unfavorable policies and expect sharing
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| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by darfay: 9:25am On Sep 13, 2021 |
Positivepoint:As an accountant, I can never let your stupidity and misinformation slide just like that. vat is a consumption based tax that falls on the final consumer. Vat is charged on value addition, the manufacturer charges vat on the difference between cost of input and output (value added). So the distributor or whoever is next in line buys from them vat inclusive and sells to the consumer inclusive of vat charged for his own value addition, the final consumer buys Vat inclusive of the distributor, manufacturer etc and bears the brunt of it all. No be only HQ, that's the dumbest shit ever my Goddd!! |
| Re: VAT: Five Northern, Two South-west, Two South-South States Top Beneficiaries by codemaniacs: 9:25am On Sep 13, 2021 |
Safyqueen:Stop using fear mongering tactics.. its not a revolution.. its what should have always been done.. it will favor the south |
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not the federal government