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Nairaland Forum / Nairaland / General / Politics / No be to shout VAT! VAT!! Will your state survive VAT? (2491 Views)
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Re: No be to shout VAT! VAT!! Will your state survive VAT? by Nobody: 8:24am On Sep 28, 2021 |
richmond500: I meant can’t the states survive from the sharing of oil income, stamp duty, taxes from companies etc collected by the federal government. |
Re: No be to shout VAT! VAT!! Will your state survive VAT? by Nobody: 8:30am On Sep 28, 2021 |
kmcutez:Once states start collecting VATs, the money all the states get from the FG will reduce. |
Re: No be to shout VAT! VAT!! Will your state survive VAT? by SarkinYarki: 8:39am On Sep 28, 2021 |
Thing will end up in massive inflation 3 Likes |
Re: No be to shout VAT! VAT!! Will your state survive VAT? by richmond500: 8:49am On Sep 28, 2021 |
kmcutez:IF state collect VAT, FG money go reduce, if FG money reduce, money given to state govt will reduce also, if money given to states reduces, inflation will bite in some states, if inflation bites, hunger go reset people brain, if hunger reset agbero and touts brains, people will be forced to migrate If they migrate, crime will increase, If crime increses, no state is safe. If no state is safe, investments will not be safe, 4 Likes |
Re: No be to shout VAT! VAT!! Will your state survive VAT? by Nobody: 8:52am On Sep 28, 2021 |
DubaiLandLord2: richmond500: Ok. Thanks. |
Re: No be to shout VAT! VAT!! Will your state survive VAT? by FakeUnity: 9:01am On Sep 28, 2021 |
richmond500: Zombieristic Abokeyna, you are lying to your empty skull and your kind that you didn't think of Igbos when you were opening this thread. How you monkeys think has been studied with 100% predictive accuracy by our likes. |
Re: No be to shout VAT! VAT!! Will your state survive VAT? by Kyase(m): 9:01am On Sep 28, 2021 |
Well Benue May and May not survive We have what it takes to survive but we don’t have the brain to use it(leaders) Abeg make dem stop this rough play |
Re: No be to shout VAT! VAT!! Will your state survive VAT? by chigator2: 9:03am On Sep 28, 2021 |
Brimstone77: richmond500 a Zombie indeed. This guys their hate can't just be hidden, the more they try to sound platonic the more it slips out. He capitalized lmo and tagged Ipob equating with Almajiri as if Igbos ever begged from whatever insignificant group he belongs. Irony that this sentiment is likely coming from people who claimed abandoned properties and businesses belonging to others after Civil War. Shameless |
Re: No be to shout VAT! VAT!! Will your state survive VAT? by Nobody: 9:03am On Sep 28, 2021 |
extol1:In your dream, you think immediately supreme pass their judgement in favour of state now, everything would be taxed including the the road you used, the VAT would be according to consumption pattern. Many things would change, you will pay tenament rate anywhere you stay. All the state in Nigeria will survive.. |
Re: No be to shout VAT! VAT!! Will your state survive VAT? by chigator2: 9:05am On Sep 28, 2021 |
richmond500: This half witted fellow ehnn, how does VAT allocation relate to inflation. |
Re: No be to shout VAT! VAT!! Will your state survive VAT? by IBBG(m): 9:28am On Sep 28, 2021 |
All states will be viable when each state collects their VAT. VAT is consumption tax. So each time you consume a value added product, you pay VAT. every state in Nigeria has population who consume product as a result VAT will be generated. As it is, FIRS is inefficient in collecting VAT as they so many areas that have been brought into the VAT net. States are better placed to explore these if they collect VAT themselves. |
Re: No be to shout VAT! VAT!! Will your state survive VAT? by Lawlab249: 9:30am On Sep 28, 2021 |
richmond500: Ebonyi state |
Re: No be to shout VAT! VAT!! Will your state survive VAT? by Vulcanheph(m): 9:35am On Sep 28, 2021 |
psucc:I agree with you... Due to the fact that most of these low producing states are always waiting for money from FG, they've stopped looking inwards to develop themselves. Most states have resources that are under utilized by the state government because they are waiting for FG funds. It will also make many Governors sit up and start working with whatever they have. |
Re: No be to shout VAT! VAT!! Will your state survive VAT? by Gerrard59(m): 9:55am On Sep 28, 2021 |
richmond500: Not true at all. The problem is effective tax compliance. Prior to Udom being the governor of Akwa Ibom, the state had a low IGR and tax-to-revenue generation. Within a year and a half, it soared to the extent the state generated in six months what she generated in a whole year prior to his election. It's the political will provided the state is open to businesses, different people and cultures not banning mannequins and converting viewing centres to Islamic schools. 2 Likes |
Re: No be to shout VAT! VAT!! Will your state survive VAT? by Coldie(m): 10:14am On Sep 28, 2021 |
Imagine it Abia that with VAT is already miserable imagine minisung VAT which is like #20billion from their allocation, will they survive? |
Re: No be to shout VAT! VAT!! Will your state survive VAT? by Nobody: 10:42am On Sep 28, 2021 |
Kyase:Ogun state will soon pass the VAT bill too. If the court gives the states the go ahead, there will be no going back on this VATs issue. |
Re: No be to shout VAT! VAT!! Will your state survive VAT? by Brimstone77: 11:13am On Sep 28, 2021 |
richmond500:so you don't use dollars in Nigeria?? Well you can believe what ever you like who cares?? |
Re: No be to shout VAT! VAT!! Will your state survive VAT? by richmond500: 11:15am On Sep 28, 2021 |
Brimstone77:Oga we don't use dollar, we exchange it to Naira and use Naira |
Re: No be to shout VAT! VAT!! Will your state survive VAT? by Brimstone77: 11:16am On Sep 28, 2021 |
richmond500:ok maybe you travel to America to do the exchange.. |
Re: No be to shout VAT! VAT!! Will your state survive VAT? by udemzyudex(m): 11:18am On Sep 28, 2021 |
richmond500: I think you're right. |
Re: No be to shout VAT! VAT!! Will your state survive VAT? by richmond500: 11:20am On Sep 28, 2021 |
Brimstone77:I see, u live under a rock, there are many companies and banks that exchange dollar to Naira in Nigeria. Chukwudi, come out of ur 2X2 shop and see how things work |
Re: No be to shout VAT! VAT!! Will your state survive VAT? by Brimstone77: 11:27am On Sep 28, 2021 |
richmond500:they do the exchange in Nigeria yet you claim you don't use dollars in Nigeria... Weldon sir! |
Re: No be to shout VAT! VAT!! Will your state survive VAT? by richmond500: 11:32am On Sep 28, 2021 |
Brimstone77:Oh God!!!! Are u daft or what? Lemme explain better and use pictures in ur level so u could understand. Nigeria don't use dollar, if u have dollar, u need to change it to Naira before it could be used, lemmne use this picture for clarification 1 Like
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Re: No be to shout VAT! VAT!! Will your state survive VAT? by Kyase(m): 11:35am On Sep 28, 2021 |
DubaiLandLord2:That won’t happen though |
Re: No be to shout VAT! VAT!! Will your state survive VAT? by Brimstone77: 11:36am On Sep 28, 2021 |
richmond500:you don't have sense at all? Since you don't use dollar why do you exchange it in Nigeria?? Please I don't usually ague with dumb people.. |
Re: No be to shout VAT! VAT!! Will your state survive VAT? by Genesiis(m): 12:00pm On Sep 28, 2021 |
richmond500:"IF" Under assumption It may or may not happen the way you have described it. |
Re: No be to shout VAT! VAT!! Will your state survive VAT? by Genesiis(m): 12:04pm On Sep 28, 2021 |
Coldie:Abia is a commercial state, they have everything to survive. The people should hold their governors accountable for misappropriation of funds. That's all. |
Re: No be to shout VAT! VAT!! Will your state survive VAT? by richmond500: 12:13pm On Sep 28, 2021 |
Brimstone77:that is why u have to change it to something u use. U are daft, ur question is extremely ridiculous, its like asking "since u don't eat raw cassava, why do u harvest it?" U may have the cassava but until u process it, its edible value is useless to u, that's what dollar is, u may have dollar but u can't go to the market and buy a rubber of garri and give them two dollar to give u change. I know u understand what I am saying, but just like every other ipob, u choose to behave like fakeunity |
Re: No be to shout VAT! VAT!! Will your state survive VAT? by dangoteinlaw: 12:23pm On Sep 28, 2021 |
theTranscriber:don't mind them, useless set of tribe. All they do is take, nothing to give back other than crime. |
Re: No be to shout VAT! VAT!! Will your state survive VAT? by Nobody: 12:38pm On Sep 28, 2021 |
Kyase:Why do you think it won't happen? |
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